Global Wheat Market 2025

Wheat Market Size

The global wheat market reached $X in 2022, with an increase of 1.9% against the previous year. In general, consumption recorded a relatively flat trend pattern. Global consumption peaked in 2022 and is expected to retain growth in the immediate term.

Wheat Production

In value terms, wheat production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by 24%. Global production peaked 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 China (X tons), India (X tons) and Russia (X tons), with a combined 42% share of global production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Russia (with a CAGR of +7.9%), while production for the other global leaders experienced more modest paces of growth.

The global average wheat yield amounted to X tons per ha in 2022, therefore, remained relatively stable against the previous year. The yield figure increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 5%. The global yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of wheat were harvested worldwide; leveling off at the previous year's figure. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the harvested area increased by 2.2% against the previous year. The global harvested area peaked at X ha in 2015; however, from 2016 to 2022, the harvested area stood at a somewhat lower figure.

Wheat Exports

Exports

In 2022, approx. X tons of wheat were exported worldwide; flattening at the year before. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 16%. Over the period under review, the global exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, wheat exports surged to $X in 2022. Overall, total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +78.5% against 2016 indices. The growth pace was the most rapid in 2021 when exports increased by 24% against the previous year. Over the period under review, the global exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The biggest shipments were from Russia (X tons), Australia (X tons), the United States (X tons), France (X tons), Canada (X tons), Argentina (X tons) and Ukraine (X tons), together resulting at 72% of total export. India (X tons), Kazakhstan (X tons), Germany (X tons), Romania (X tons), Bulgaria (X tons) and Poland (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +14.1%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest wheat supplying countries worldwide were Australia ($X), the United States ($X) and Canada ($X), together comprising 39% of global exports. Russia, France, Argentina, Ukraine, Germany, India, Romania, Kazakhstan, Bulgaria and Poland lagged somewhat behind, together comprising a further 49%.

Poland, with a CAGR of +16.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average wheat export price stood at $X per ton in 2022, rising by 21% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% 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 +48.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 23%. The global export price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+3.5%), while the other global leaders experienced more modest paces of growth.

Wheat Imports

Imports

In 2022, global wheat imports stood at X tons, approximately reflecting the previous year. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 12% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, wheat imports soared to $X in 2022. In general, total imports indicated a noticeable expansion from 2012 to 2022: its value 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, imports increased by +80.0% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The countries with the highest levels of wheat imports in 2022 were Algeria (X tons), Indonesia (X tons), China (X tons), Egypt (X tons), Turkey (X tons), the Philippines (X tons), Italy (X tons), Bangladesh (X tons), Morocco (X tons), Brazil (X tons), Japan (X tons) and Spain (X tons), together recording 48% of total import. South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bangladesh (with a CAGR of +25.4%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest wheat importing markets worldwide were Indonesia ($X), Egypt ($X) and China ($X), together accounting for 17% of global imports. Algeria, Turkey, Italy, the Philippines, Morocco, Japan, Brazil, Spain, South Korea and Bangladesh lagged somewhat behind, together accounting for a further 34%.

In terms of the main importing countries, Bangladesh, with a CAGR of +21.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average wheat import price stood at $X per ton in 2022, growing by 14% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.1% 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 +58.5% against 2016 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 22% against the previous year. Global import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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