Ireland: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in Ireland

The Irish wheat and meslin flour market totaled $X in 2022, surging by 5.8% against the previous year. Over the period under review, consumption showed a resilient expansion. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Production of Wheat and Meslin Flour in Ireland

In value terms, wheat and meslin flour production declined to $X in 2022 estimated in export price. Over the period under review, production, however, showed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 423% against the previous year. Wheat and meslin flour production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Wheat and Meslin Flour

Exports from Ireland

For the third year in a row, Ireland recorded decline in overseas shipments of wheat and meslin flour, which decreased by 0% to X tons in 2022. In general, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 51%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, wheat and meslin flour exports stood at $X in 2022. Overall, exports saw a strong increase. The growth pace was the most rapid in 2013 when exports increased by 67%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The UK (X tons) was the main destination for wheat and meslin flour exports from Ireland, with a 88% share of total exports. Moreover, wheat and meslin flour exports to the UK exceeded the volume sent to the second major destination, Italy (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to +21.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+106.7% per year) and Slovakia (-51.9% per year).

In value terms, the largest markets for wheat and meslin flour exported from Ireland were the UK ($X), Italy ($X) and Slovakia ($X), together comprising 98% of total exports.

Italy, with a CAGR of +103.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average wheat and meslin flour export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price posted a tangible expansion. The most prominent rate of growth was recorded in 2020 an increase of 28% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the UK ($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 Slovakia (+7.4%), while the prices for the other major destinations experienced a decline.

Imports of Wheat and Meslin Flour

Imports into Ireland

In 2022, after two years of decline, there was significant growth in supplies from abroad of wheat and meslin flour, when their volume increased by 14% to X tons. In general, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 15%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, wheat and meslin flour imports skyrocketed to $X in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% 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 +82.2% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 26%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, the UK (X tons) constituted the largest wheat and meslin flour supplier to Ireland, accounting for a 73% share of total imports. Moreover, wheat and meslin flour imports from the UK exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.5% per year) and Germany (+66.0% per year).

In value terms, the UK ($X) constituted the largest supplier of wheat and meslin flour to Ireland, comprising 75% of total imports. The second position in the ranking was taken by France ($X), with a 13% share of total imports. It was followed by Germany, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value from the UK amounted to +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.8% per year) and Germany (+50.1% per year).

Import Prices by Country

In 2022, the average wheat and meslin flour import price amounted to $X per ton, rising by 3% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 22% against the previous year. The import price peaked 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 the United Arab Emirates ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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