Northern America: Wheat Market 2025

Wheat Market Size in Northern America

In 2022, after three years of decline, there was significant growth in the North American wheat market, when its value increased by 63% to $X. Overall, consumption, however, showed a pronounced downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Wheat Production in Northern America

In value terms, wheat production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable decrease. The growth pace was the most rapid in 2018 when the production volume increased by 14%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were the United States (X tons) and Canada (X tons).

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Canada (with a CAGR of +0.6%).

In 2022, the average wheat yield in Northern America amounted to X tons per ha, surging by 12% compared with the year before. In general, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 22%. As a result, the yield attained the peak level of X tons per ha. From 2017 to 2022, the growth of the wheat yield failed to regain momentum. 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 Northern America totaled X ha, leveling off at the previous year. Over the period under review, the harvested area, however, recorded a mild decline. The pace of growth was the most pronounced in 2018 with an increase of 7.2%. Over the period under review, the harvested area dedicated to wheat production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Wheat Exports

Exports in Northern America

In 2022, overseas shipments of wheat decreased by -13.8% to X tons, falling for the second consecutive year after two years of growth. Overall, exports showed a slight slump. The most prominent rate of growth was recorded in 2013 with an increase of 21% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, wheat exports skyrocketed to $X in 2022. Total exports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.3% 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 +65.5% against 2016 indices. The pace of growth was the most pronounced in 2013 when exports increased by 19% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, the United States (X tons), followed by Canada (X tons) were the key exporters of wheat, together mixing up 100% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Canada (with a CAGR of +0.4%).

In value terms, the largest wheat supplying countries in Northern America were the United States ($X) and Canada ($X).

Canada, with a CAGR of +2.7%, saw 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, picking up by 36% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.4% 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 +68.7% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 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 (+2.5%).

Wheat Imports

Imports in Northern America

In 2022, the amount of wheat imported in Northern America expanded significantly to X tons, increasing by 5.7% on 2021. In general, imports, however, recorded a noticeable setback. The pace of growth appeared the most rapid in 2013 when imports increased by 35% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, wheat imports soared to $X in 2022. Overall, imports, however, saw a slight decrease. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The United States prevails in imports structure, resulting at X tons, which was near 95% of total imports in 2022. It was distantly followed by Canada (X tons), mixing up a 5.4% share of total imports.

Imports into the United States decreased at an average annual rate of -3.7% from 2012 to 2022. Canada experienced a relatively flat trend pattern. Canada (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -1.7% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported wheat in Northern America, comprising 96% of total imports. The second position in the ranking was taken by Canada ($X), with a 3.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled -1.7%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, growing by 53% against the previous year. Import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 +79.9% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat 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 totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.1%).

Source: IndexBox Platform

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