Canada: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in Canada

In 2022, the Canadian wheat and meslin flour market decreased by less than 0.1% to $X, falling for the second year in a row after three years of growth. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Wheat and Meslin Flour in Canada

In value terms, wheat and meslin flour production reached $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 12%. Wheat and meslin flour production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Wheat and Meslin Flour

Exports from Canada

In 2022, overseas shipments of wheat and meslin flour were finally on the rise to reach X tons after four years of decline. In general, total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 51% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, wheat and meslin flour exports surged to $X in 2022. Over the period under review, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.7% against 2019 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 38% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States (X tons) was the main destination for wheat and meslin flour exports from Canada, accounting for a 91% share of total exports. It was followed by Bahamas (X tons), with a 1.8% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +6.3%.

In value terms, the United States ($X) remains the key foreign market for wheat and meslin flour exports from Canada, comprising 92% of total exports. The second position in the ranking was held by Bahamas ($X), with a 1.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +7.9%.

Export Prices by Country

The average wheat and meslin flour export price stood at $X per ton in 2022, surging by 24% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bahamas ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.5%).

Imports of Wheat and Meslin Flour

Imports into Canada

In 2022, supplies from abroad of wheat and meslin flour was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a mild reduction. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, wheat and meslin flour imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a noticeable setback. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of wheat and meslin flour to Canada, with a 80% share of total imports. Moreover, wheat and meslin flour imports from the United States exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+24.3% per year) and Italy (+13.1% per year).

In value terms, the United States ($X) constituted the largest supplier of wheat and meslin flour to Canada, comprising 73% of total imports. The second position in the ranking was held by India ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+26.2% per year) and Italy (+15.2% per year).

Import Prices by Country

The average wheat and meslin flour import price stood at $X per ton in 2022, picking up by 8% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 11% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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