Global Wheat Gluten Market Expands on Rising Demand from Norway

IndexBox has just published a new report: 'World - Wheat Gluten - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

The global wheat gluten market revenue amounted to $6.7B in 2018, rising by 20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.7% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2015, when the market value increased by 32% y-o-y. Over the period under review, the global wheat gluten market attained its maximum level in 2018, and is expected to retain its growth in the immediate term.

Imports 2007-2018

In 2018, the global imports of wheat gluten amounted to 986K tonnes, declining by -4.3% against the previous year.

In value terms, wheat gluten imports amounted to $1.6B (IndexBox estimates) in 2018.

Imports by Country

In 2018, the U.S. (219K tonnes), distantly followed by Norway (140K tonnes), Belgium (117K tonnes) and the Netherlands (78K tonnes) represented the key importers of wheat gluten, together creating 56% of total imports. France (41K tonnes), Germany (30K tonnes), Italy (29K tonnes), the UK (27K tonnes), Japan (24K tonnes), Chile (23K tonnes), Brazil (17K tonnes) and Mexico (16K tonnes) followed a long way behind the leaders.

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

In value terms, the U.S. ($383M), Norway ($229M) and Belgium ($190M) were the countries with the highest levels of imports in 2018, together comprising 49% of global imports.

Import Prices by Country

The average wheat gluten import price stood at $1,648 per tonne in 2018, increasing by 12% against the previous year. Over the last eleven year period, it increased at an average annual rate of +2.6%.

Import prices varied noticeably by the country of destination; the country with the highest import price was Japan ($2,060 per tonne), while Italy ($903 per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform