EU: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in the EU

The EU wheat and meslin flour market surged to $X in 2022, rising by 21% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Wheat and Meslin Flour in the EU

In value terms, wheat and meslin flour production skyrocketed to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Wheat and Meslin Flour

Exports in the EU

In 2022, overseas shipments of wheat and meslin flour increased by 5% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports recorded a relatively flat trend pattern. The volume of export 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. The total export value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany represented the main exporter of wheat and meslin flour in the European Union, with the volume of exports amounting to X tons, which was approx. 34% of total exports in 2022. Belgium (X tons) took the second position in the ranking, followed by Italy (X tons), France (X tons), Hungary (X tons), Slovakia (X tons) and the Netherlands (X tons). All these countries together held approx. 43% share of total exports. Spain (X tons), Poland (X tons), Bulgaria (X tons), Austria (X tons) and Portugal (X tons) held a little share of total exports.

Exports from Germany increased at an average annual rate of +3.9% from 2012 to 2022. At the same time, Italy (+13.5%), the Netherlands (+10.4%), Poland (+4.6%), Portugal (+3.7%), Bulgaria (+2.9%) and Slovakia (+2.2%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +13.5% from 2012-2022. Hungary and Austria experienced a relatively flat trend pattern. By contrast, Spain (-2.1%), Belgium (-4.9%) and France (-10.2%) illustrated a downward trend over the same period. Germany (+10 p.p.), Italy (+7.3 p.p.) and the Netherlands (+2.9 p.p.) significantly strengthened its position in terms of the total exports, while Belgium and France saw its share reduced by -7.5% and -13.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Italy ($X) and Belgium ($X) were the countries with the highest levels of exports in 2022, with a combined 56% share of total exports.

In terms of the main exporting countries, Italy, with a CAGR of +16.0%, saw the highest growth rate of 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

The export price in the European Union stood at $X per ton in 2022, increasing by 21% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.0%), while the other leaders experienced more modest paces of growth.

Imports of Wheat and Meslin Flour

Imports in the EU

For the third consecutive year, the European Union recorded growth in supplies from abroad of wheat and meslin flour, which increased by 11% to X tons in 2022. The total import volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wheat and meslin flour imports skyrocketed to $X in 2022. Total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.0% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons), distantly followed by France (X tons), Ireland (X tons), Spain (X tons) and Romania (X tons) represented the major importers of wheat and meslin flour, together making up 58% of total imports. The following importers - Portugal (X tons), Belgium (X tons), Austria (X tons), Germany (X tons), Poland (X tons), Slovakia (X tons), the Czech Republic (X tons) and Hungary (X tons) - together made up 30% of total imports.

From 2012 to 2022, average annual rates of growth with regard to wheat and meslin flour imports into the Netherlands stood at -1.4%. At the same time, Spain (+12.6%), Portugal (+6.4%), Poland (+6.3%), Slovakia (+6.1%), the Czech Republic (+5.8%), Romania (+5.7%), Ireland (+5.6%), France (+3.5%) and Austria (+2.7%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of +12.6% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Hungary (-3.1%) and Belgium (-5.7%) illustrated a downward trend over the same period. While the share of Spain (+4.8 p.p.), Ireland (+3.3 p.p.), Romania (+2.4 p.p.), France (+2.1 p.p.) and Portugal (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hungary (-1.5 p.p.), Belgium (-4.6 p.p.) and the Netherlands (-7.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), France ($X) and Ireland ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 45% of total imports. Spain, Romania, Belgium, Poland, Germany, Portugal, Austria, the Czech Republic, Slovakia and Hungary lagged somewhat behind, together comprising a further 43%.

Spain, with a CAGR of +13.0%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, rising by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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