U.S.: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in the U.S.

The U.S. wheat and meslin flour market totaled $X in 2022, flattening at the previous year. In general, consumption, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 2.9% against the previous year. Wheat and meslin flour consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Wheat and Meslin Flour in the U.S.

In value terms, wheat and meslin flour production amounted to $X in 2022. In general, production, however, saw a perceptible downturn. The pace of growth appeared the most rapid in 2019 when the production volume increased by 3.1% against the previous year. Wheat and meslin flour production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Wheat and Meslin Flour

Exports from the U.S.

For the third year in a row, the United States recorded decline in overseas shipments of wheat and meslin flour, which decreased by -11.8% to X tons in 2022. In general, exports saw a pronounced decrease. The pace of growth was the most pronounced in 2015 with an increase of 20%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, wheat and meslin flour exports reached $X in 2022. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by 17%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Mexico (X tons) was the main destination for wheat and meslin flour exports from the United States, accounting for a 65% share of total exports. Moreover, wheat and meslin flour exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), threefold. The third position in this ranking was held by Chile (X tons), with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico stood at +9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-8.7% per year) and Chile (+106.4% per year).

In value terms, Mexico ($X) remains the key foreign market for wheat and meslin flour exports from the United States, comprising 61% of total exports. The second position in the ranking was taken by Canada ($X), with a 20% share of total exports. It was followed by Chile, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico amounted to +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-4.7% per year) and Chile (+113.3% per year).

Export Prices by Country

The average wheat and meslin flour export price stood at $X per ton in 2022, rising by 26% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 increased by +66.9% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Chile ($X per ton) and the Dominican Republic ($X per ton), while the average price for exports to Mexico ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wheat and Meslin Flour

Imports into the U.S.

In 2022, wheat and meslin flour imports into the United States surged to X tons, growing by 19% on 2021 figures. In general, total imports indicated strong growth from 2012 to 2022: its volume 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. The pace of growth appeared the most rapid in 2014 with an increase of 21% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, wheat and meslin flour imports surged to $X in 2022. Overall, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +8.7% 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 +44.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) constituted the largest wheat and meslin flour supplier to the United States, with a 56% share of total imports. Moreover, wheat and meslin flour imports from Canada exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was held by Italy (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Canada totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+8.5% per year) and Italy (+15.7% per year).

In value terms, Canada ($X) constituted the largest supplier of wheat and meslin flour to the United States, comprising 56% of total imports. The second position in the ranking was held by India ($X), with a 16% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+14.1% per year) and Italy (+16.8% per year).

Import Prices by Country

The average wheat and meslin flour import price stood at $X per ton in 2022, surging by 16% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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