China: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in China

The Chinese wheat and meslin flour market totaled $X in 2022, remaining constant against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Production of Wheat and Meslin Flour in China

In value terms, wheat and meslin flour production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 15% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Wheat and Meslin Flour

Exports from China

After two years of decline, overseas shipments of wheat and meslin flour increased by 77% to X tons in 2022. Overall, exports, however, saw a deep slump. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, wheat and meslin flour exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a abrupt curtailment. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand (X tons), Singapore (X tons) and Afghanistan (X tons) were the main destinations of wheat and meslin flour exports from China, with a combined 3.3% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +74.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Afghanistan ($X) and Singapore ($X) constituted the largest markets for wheat and meslin flour exported from China worldwide, with a combined 3.1% share of total exports.

In terms of the main countries of destination, Singapore, with a CAGR of +65.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wheat and meslin flour export price amounted to $X per ton, reducing by -7% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 27%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wheat and Meslin Flour

Imports into China

In 2022, purchases abroad of wheat and meslin flour was finally on the rise to reach X tons after two years of decline. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 283% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, wheat and meslin flour imports skyrocketed to $X in 2022. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2017 when imports increased by 244%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), Japan (X tons) and Vietnam (X tons) were the main suppliers of wheat and meslin flour imports to China, together accounting for 79% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +143.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wheat and meslin flour suppliers to China were Japan ($X), Russia ($X) and France ($X), with a combined 79% share of total imports. Vietnam, South Korea, Kazakhstan and Australia lagged somewhat behind, together accounting for a further 18%.

In terms of the main suppliers, Vietnam, with a CAGR of +112.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wheat and meslin flour import price amounted to $X per ton, shrinking by -3.9% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat and meslin flour import price increased by +92.5% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of 79% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

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 Japan ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :