Eritrea: Wheat Market 2020

Wheat Market Size in Eritrea

The revenue of the wheat market in Eritrea amounted to $X in 2018, rising by X% against the previous year. Overall, wheat consumption, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2011 when the market value increased by X% against the previous year. In that year, the wheat market attained its peak level of $X. From 2012 to 2018, the growth of the wheat market remained at a lower figure.

Wheat Production in Eritrea

In value terms, wheat production amounted to $X in 2018 estimated in export prices. Over the period under review, wheat production continues to indicate a moderate shrinkage. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, wheat production reached its peak figure level at $X in 2012; however, from 2013 to 2018, production failed to regain its momentum.

Average yield of wheat in Eritrea stood at X ton per ha in 2018, going up by X% against the previous year. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, the wheat yield reached its peak figure level at X ton per ha in 2012; however, from 2013 to 2018, yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the wheat harvested area in Eritrea stood at X ha, reducing by -X% against the previous year. In general, the wheat harvested area continues to indicate a mild decline. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. The global wheat harvested area peaked at X ha in 2007; however, from 2008 to 2018, harvested area stood at a somewhat lower figure.

Wheat Exports

Exports by Country

In 2018, Australia (X tons), Canada (X tons), the U.S. (X tons), France (X tons), Russia (X tons), Argentina (X tons) and Ukraine (X tons) represented the largest exporters of wheat in the world, making up X% of total export. Germany (X tons), Kazakhstan (X tons), Romania (X tons), Bulgaria (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Ukraine, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Canada ($X) and Russia ($X) constituted the countries with the highest levels of exports in 2018, together accounting for X% of total exports. These countries were followed by Australia, France, Ukraine, Argentina, Germany, Romania, Kazakhstan, Bulgaria and Hungary, which together accounted for a further X experienced the highest rates of growth with regard to exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The wheat export price in Eritrea stood at $X per ton in 2018, approximately mirroring the previous year. Overall, the wheat export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for wheat attained their maximum at $X per ton in 2010; however, from 2011 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Wheat Imports

Imports into Eritrea

In 2018, the imports of wheat into Eritrea stood at X tons, jumping by X% against the previous year. Over the period under review, wheat imports, however, continue to indicate a drastic deduction. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. In that year, wheat imports reached their peak of X tons. From 2012 to 2018, the growth of wheat imports remained at a lower figure.

In value terms, wheat imports totaled $X in 2018. Over the period under review, wheat imports, however, continue to indicate an abrupt deduction. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. In that year, wheat imports reached their peak of $X. From 2012 to 2018, the growth of wheat imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of wheat imports in 2018 were Indonesia (X tons), Egypt (X tons), Algeria (X tons), Bangladesh (X tons), Japan (X tons), Italy (X tons), the Philippines (X tons), Brazil (X tons), India (X tons), Spain (X tons), Turkey (X tons) and the Netherlands (X tons), together reaching X% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Egypt ($X) and Algeria ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by Italy, the Philippines, Japan, Brazil, India, Bangladesh, Turkey, Spain, the Netherlands and Eritrea, which together accounted for a further X terms of the main importing countries, India experienced the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the wheat import price in Eritrea amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the wheat import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the import price increased by X% against the previous year. Eritrea import price peaked at $X per ton in 2012; however, from 2013 to 2018, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in the Philippines ($X per ton) and Italy ($X per ton), while Bangladesh ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform