France: Wheat Market 2024

Wheat Market Size in France

The French wheat market dropped rapidly to $X in 2022, waning by -34.3% against the previous year. In general, consumption continues to indicate a abrupt descent. Wheat consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Wheat Production in France

In value terms, wheat production reduced to $X in 2022 estimated in export price. In general, production showed a pronounced decline. The pace of growth was the most pronounced in 2017 when the production volume increased by 41%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The average yield of wheat in France declined to X tons per ha in 2022, with a decrease of -8.6% on the previous year. Overall, the yield recorded a mild reduction. The growth pace was the most rapid in 2017 when the yield increased by 37% against the previous year. The wheat yield peaked at X tons per ha in 2015; however, from 2016 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the wheat harvested area in France fell slightly to X ha, remaining relatively unchanged against the year before. In general, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the harvested area increased by 3.5%. The wheat harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area stood at a somewhat lower figure.

Wheat Exports

Exports from France

In 2022, overseas shipments of wheat were finally on the rise to reach X tons after three years of decline. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 36%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wheat exports surged to $X in 2022. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +145.8% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Morocco (X tons), Belgium (X tons) and Algeria (X tons) were the main destinations of wheat exports from France, with a combined 38% share of total exports. The Netherlands, China, Spain, Italy, Egypt, Portugal, Germany, Cameroon, Cote d'Ivoire and Yemen lagged somewhat behind, together comprising a further 48%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +67.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wheat exported from France were Morocco ($X), Algeria ($X) and Belgium ($X), together comprising 39% of total exports. The Netherlands, Spain, Egypt, China, Italy, Portugal, Germany, Cote d'Ivoire, Yemen and Cameroon lagged somewhat behind, together comprising a further 47%.

In terms of the main countries of destination, China, with a CAGR of +67.3%, 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 average wheat export price stood at $X per ton in 2022, increasing by 30% against the previous year. In general, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat export price increased by +98.7% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Cote d'Ivoire ($X per ton) and Egypt ($X per ton), while the average price for exports to China ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Wheat Imports

Imports into France

In 2022, approx. X tons of wheat were imported into France; dropping by -23.1% compared with 2021 figures. Over the period under review, imports saw a noticeable setback. The most prominent rate of growth was recorded in 2014 with an increase of 66% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, wheat imports fell to $X in 2022. In general, imports saw a perceptible setback. The most prominent rate of growth was recorded in 2014 when imports increased by 41%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest wheat supplier to France, with a 38% share of total imports. Moreover, wheat imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to -7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+15.0% per year) and Italy (+6.1% per year).

In value terms, the largest wheat suppliers to France were Germany ($X), Belgium ($X) and Italy ($X), together comprising 63% of total imports.

Among the main suppliers, Belgium, with a CAGR of +15.3%, recorded the highest growth rate of 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

The average wheat import price stood at $X per ton in 2022, surging by 16% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat import price increased by +74.8% against 2016 indices. The most prominent rate of growth was recorded in 2019 an increase of 24%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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