Somalia: Wheat Market 2020

Wheat Market Size in Somalia

The revenue of the wheat market in Somalia amounted to $X in 2018, reducing by -X% against the previous year. Overall, wheat consumption continues to indicate a deep decrease. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. In that year, the wheat market reached its peak level of $X, and then declined slightly in the following year.

Wheat Production in Somalia

In value terms, wheat production stood at $X in 2018 estimated in export prices. In general, wheat production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 when production volume increased by X% year-to-year. In that year, wheat production reached its peak level of $X, and then declined slightly in the following year.

In 2018, the average wheat yield in Somalia amounted to X kg per ha, therefore, remained relatively stable against the previous year. In general, the wheat yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, the wheat yield attained its maximum level in 2018 and is likely to continue its growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Wheat harvested area in Somalia totaled X ha in 2018, therefore, remained relatively stable against the previous year. Overall, the wheat harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to wheat production attained its peak figure at X ha in 2008; however, from 2009 to 2018, harvested area stood at a somewhat lower figure.

Wheat Exports

Exports from Somalia

In 2018, approx. X tons of wheat were exported from Somalia; jumping by X% against the previous year. Overall, wheat exports, however, continue to indicate an abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Somalia exports peaked at X tons in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, wheat exports stood at $X in 2018. Over the period under review, wheat exports, however, continue to indicate a deep drop. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Somalia exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

The countries with the highest levels of wheat exports in 2018 were Australia (X tons), Canada (X tons), the U.S. (X tons), France (X tons), Russia (X tons), Argentina (X tons) and Ukraine (X tons), together accounting for X% of total export. Germany (X tons), Kazakhstan (X tons), Romania (X tons), Bulgaria (X tons) and Hungary (X tons) held a little share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Ukraine, while the other leaders experienced more modest paces of growth.

In value terms, the largest wheat markets from Somalia were the U.S. ($X), Canada ($X) and Russia ($X), with a combined X% share of total exports. Australia, France, Ukraine, Argentina, Germany, Romania, Kazakhstan, Bulgaria, Hungary and Somalia lagged somewhat behind, together comprising a further X recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the wheat export price in Somalia amounted to $X per ton, declining by -X% against the previous year. In general, the wheat export price, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 when the export price increased by X% y-o-y. In that year, the export prices for wheat reached their peak level of $X per ton, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Wheat Imports

Imports into Somalia

Wheat imports into Somalia amounted to X tons in 2018, lowering by -X% against the previous year. In general, wheat imports continue to indicate an abrupt curtailment. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Somalia imports peaked at X tons in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, wheat imports totaled $X in 2018. Over the period under review, wheat imports continue to indicate a temperate drop. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Somalia imports peaked at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

Indonesia (X tons), Egypt (X tons), Algeria (X tons), Bangladesh (X tons), Japan (X tons), Italy (X tons), the Philippines (X tons), Brazil (X tons), India (X tons), Spain (X tons), Turkey (X tons) and the Netherlands (X tons) represented roughly X% of total imports of wheat in 2018.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Egypt ($X) and Algeria ($X) constituted the countries with the highest levels of imports in 2018, together comprising X% of total imports. These countries were followed by Italy, the Philippines, Japan, Brazil, India, Bangladesh, Turkey, Spain, the Netherlands and Somalia, which together accounted for a further X terms of the main importing countries, India recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the wheat import price in Somalia amounted to $X per ton, growing by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. In that year, the import prices for wheat attained their peak level and is likely to continue its growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in the Philippines ($X per ton) and Italy ($X per ton), while Bangladesh ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform