Turkmenistan: Wheat Market 2020

Wheat Market Size in Turkmenistan

The revenue of the wheat market in Turkmenistan amounted to $X in 2018, jumping by X% against the previous year. In general, the total market indicated strong growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, wheat consumption decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, the wheat market attained its peak figure level at $X in 2016; however, from 2017 to 2018, consumption failed to regain its momentum.

Wheat Production in Turkmenistan

In value terms, wheat production stood at $X in 2018 estimated in export prices. Over the period under review, wheat production continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2009 when production volume increased by X% year-to-year. Turkmenistan wheat production peaked at $X in 2016; however, from 2017 to 2018, production remained at a lower figure.

Average yield of wheat in Turkmenistan stood at X ton per ha in 2018, reducing by -X% against the previous year. Overall, the wheat yield continues to indicate a mild descent. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, the wheat yield reached its peak figure level at X ton per ha in 2010; however, from 2011 to 2018, yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of wheat production in Turkmenistan totaled X ha, leveling off at the previous year. Over the period under review, the wheat harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when harvested area increased by X% year-to-year. The global wheat harvested area peaked at X ha in 2016; however, from 2017 to 2018, harvested area failed to regain its momentum.

Wheat Exports

Exports from Turkmenistan

In 2018, the exports of wheat from Turkmenistan amounted to X tons, increasing by X% against the previous year. In general, wheat exports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, wheat exports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, wheat exports stood at $X in 2018. Over the period under review, wheat exports continue to indicate an outstanding increase. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Over the period under review, wheat exports attained their peak figure in 2018 and are expected to retain its growth in the near future.

Exports by Country

Australia (X tons), Canada (X tons), the U.S. (X tons), France (X tons), Russia (X tons), Argentina (X tons) and Ukraine (X tons) represented roughly X% of total exports of wheat in 2018. Germany (X tons), Kazakhstan (X tons), Romania (X tons), Bulgaria (X tons) and Hungary (X tons) followed a long way behind the leaders.

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 U.S. ($X), Canada ($X) and Russia ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. Australia, France, Ukraine, Argentina, Germany, Romania, Kazakhstan, Bulgaria, Hungary and Turkmenistan lagged somewhat behind, together comprising a further X terms of the main exporting countries, Turkmenistan experienced the highest growth rate of exports, 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 Turkmenistan amounted to $X per ton, coming down by -X% against the previous year. Over the period under review, the export price indicated a resilient expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, wheat export price increased by +X% against 2007 indices. The growth pace was the most rapid in 2011 when the export price increased by X% y-o-y. Turkmenistan export price peaked at $X per ton in 2017, 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 Turkmenistan

In 2018, the amount of wheat imported into Turkmenistan totaled X tons, surging by X% against the previous year. Over the period under review, wheat imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. In that year, wheat imports attained their peak and are likely to continue its growth in the immediate term.

In value terms, wheat imports amounted to $X in 2018. In general, wheat imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. In that year, wheat imports reached their peak and are likely to continue its growth in the immediate term.

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, the largest wheat importing markets into Turkmenistan were Indonesia ($X), Egypt ($X) and Algeria ($X), with a combined X% share of total imports. Italy, the Philippines, Japan, Brazil, India, Bangladesh, Turkey, Spain, the Netherlands and Turkmenistan lagged somewhat behind, together comprising a further X the main importing countries, India experienced 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

The wheat import price in Turkmenistan stood at $X per ton in 2018, standing approx. at the previous year. In general, the wheat import price continues to indicate a deep deduction. The pace of growth was the most pronounced in 2009 when the import price increased by X% y-o-y. In that year, the import prices for wheat reached their peak level of $X per ton. From 2010 to 2018, the growth in terms of the import prices for wheat failed to regain its momentum.

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