Northern America: Wheat Gluten Market 2024

Wheat Gluten Market Size in Northern America

In 2022, the North American wheat gluten market increased by 26% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +5.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the immediate term.

Wheat Gluten Production in Northern America

In value terms, wheat gluten production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 20%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Wheat Gluten Exports

Exports in Northern America

For the third year in a row, Northern America recorded growth in overseas shipments of wheat gluten, which increased by 4.7% to X tons in 2022. Overall, exports posted a moderate increase. The pace of growth appeared the most rapid in 2018 when exports increased by 44% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, wheat gluten exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 53% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Canada (X tons), distantly followed by the United States (X tons) were the major exporters of wheat gluten, together constituting 100% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Canada (with a CAGR of +3.8%).

In value terms, Canada ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2022.

Canada, with a CAGR of +9.0%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, with an increase of 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2013 an increase of 25% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+5.0%).

Wheat Gluten Imports

Imports in Northern America

In 2022, supplies from abroad of wheat gluten increased by 8% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 12%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, wheat gluten imports soared to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 +60.1% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 37%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The United States dominates imports structure, reaching X tons, which was near 92% of total imports in 2022. It was distantly followed by Canada (X tons), achieving an 8.4% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to wheat gluten imports into the United States stood at +2.6%. At the same time, Canada (+14.7%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +14.7% from 2012-2022. From 2012 to 2022, the share of Canada increased by +5.5 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported wheat gluten in Northern America, comprising 92% of total imports. The second position in the ranking was taken by Canada ($X), with an 8.1% share of total imports.

In the United States, wheat gluten imports expanded at an average annual rate of +6.0% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, growing by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2013 when the import price increased by 24% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.3%).

Source: IndexBox Platform

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