Southern Asia: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in Southern Asia

In 2022, the South Asian wheat and meslin flour market decreased by -0.6% to $X, falling for the second year in a row after nine years of growth. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.6% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Wheat and Meslin Flour in Southern Asia

In value terms, wheat and meslin flour production amounted to $X in 2022 estimated in export price. The total production indicated buoyant growth 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, production decreased by -3.3% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 16%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Wheat and Meslin Flour

Exports in Southern Asia

In 2022, wheat and meslin flour exports in Southern Asia surged to X tons, growing by 56% compared with 2021 figures. Over the period under review, exports, however, saw a deep reduction. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, wheat and meslin flour exports soared to $X in 2022. In general, exports, however, continue to indicate a perceptible reduction. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

India dominates exports structure, amounting to X tons, which was approx. 90% of total exports in 2022. It was distantly followed by Sri Lanka (X tons), constituting a 9.5% share of total exports.

India was also the fastest-growing in terms of the wheat and meslin flour exports, with a CAGR of +12.7% from 2012 to 2022. Sri Lanka (-9.6%) illustrated a downward trend over the same period. India (+75 p.p.) significantly strengthened its position in terms of the total exports, while Sri Lanka saw its share reduced by -5.4% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest wheat and meslin flour supplier in Southern Asia, comprising 88% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with an 11% share of total exports.

In India, wheat and meslin flour exports increased at an average annual rate of +13.4% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, which is down by -10% against the previous year. Export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat and meslin flour export price decreased by -20.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the export price increased by 49%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+0.8%).

Imports of Wheat and Meslin Flour

Imports in Southern Asia

In 2022, approx. X tons of wheat and meslin flour were imported in Southern Asia; rising by 7.2% against 2021. Over the period under review, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 163% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, wheat and meslin flour imports surged to $X in 2022. Overall, imports posted prominent growth. The growth pace was the most rapid in 2013 with an increase of 135% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Afghanistan represented the major importing country with an import of around X tons, which resulted at 81% of total imports. It was distantly followed by Sri Lanka (X tons), constituting a 17% share of total imports.

Imports into Afghanistan increased at an average annual rate of +12.2% from 2012 to 2022. At the same time, Sri Lanka (+42.1%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +42.1% from 2012-2022. From 2012 to 2022, the share of Sri Lanka increased by +15 percentage points.

In value terms, Afghanistan ($X) constitutes the largest market for imported wheat and meslin flour in Southern Asia, comprising 79% of total imports. The second position in the ranking was held by Sri Lanka ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Afghanistan stood at +12.5%.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, increasing by 8.7% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by 12%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Afghanistan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (+0.3%).

Source: IndexBox Platform

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