Japan: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in Japan

The Japanese wheat and meslin flour market stood at $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Production of Wheat and Meslin Flour in Japan

In value terms, wheat and meslin flour production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 12% against the previous year. Wheat and meslin flour production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Wheat and Meslin Flour

Exports from Japan

In 2022, approx. X tons of wheat and meslin flour were exported from Japan; reducing by -5.4% compared with the previous year's figure. Overall, exports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2017 with an increase of 5.5% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wheat and meslin flour exports amounted to $X in 2022. The total export value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Singapore (X tons), Malaysia (X tons) and Hong Kong SAR (X tons) were the main destinations of wheat and meslin flour exports from Japan, with a combined 61% share of total exports. China, Vietnam, Taiwan (Chinese) and Thailand lagged somewhat behind, together comprising a further 37%.

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 +81.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wheat and meslin flour exported from Japan were China ($X), Hong Kong SAR ($X) and Singapore ($X), with a combined 61% share of total exports.

Among the main countries of destination, China, with a CAGR of +79.3%, 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

The average wheat and meslin flour export price stood at $X per ton in 2022, increasing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +4.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Malaysia ($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 Hong Kong SAR (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wheat and Meslin Flour

Imports into Japan

In 2022, after two years of decline, there was significant growth in purchases abroad of wheat and meslin flour, when their volume increased by 24% to X tons. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wheat and meslin flour imports soared to $X in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Italy (X tons) constituted the largest wheat and meslin flour supplier to Japan, accounting for a 64% share of total imports. Moreover, wheat and meslin flour imports from Italy exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. The third position in this ranking was held by Nepal (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.7% per year) and Nepal (+63.3% per year).

In value terms, Italy ($X) constituted the largest supplier of wheat and meslin flour to Japan, comprising 62% of total imports. The second position in the ranking was held by France ($X), with a 17% share of total imports. It was followed by Nepal, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-2.1% per year) and Nepal (+67.6% per year).

Import Prices by Country

The average wheat and meslin flour import price stood at $X per ton in 2022, increasing by 3.2% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 11% 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.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($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 States (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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