U.S. - Durum Wheat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDurum Wheat Price in the United States - 2023
Contents:
- Durum Wheat Price in the United States (FOB) - 2022
- Durum Wheat Price in the United States (CIF) - 2023
- Durum Wheat Exports in the United States
- Durum Wheat Imports in the United States
Durum Wheat Price in the United States (FOB) - 2022
The average durum wheat export price stood at $365 per ton in 2022, with an increase of 12% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 26%. The export price peaked at $368 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($568 per ton), while the average price for exports to Venezuela ($210 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
Durum Wheat Price in the United States (CIF) - 2023
In September 2023, the average durum wheat import price amounted to $400 per ton, with an increase of 3.3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.9%. The pace of growth appeared the most rapid in October 2022 an increase of 78% m-o-m. Over the period under review, average import prices attained the peak figure at $482 per ton in March 2023; however, from April 2023 to September 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Canada ($401 per ton), while the price for Mexico totaled $378 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Canada (+3.9%).
Durum Wheat Exports in the United States
After two years of decline, overseas shipments of durum wheat increased by 12% to 437K tons in 2022. Overall, exports, however, continue to indicate a deep contraction.
In value terms, durum wheat exports skyrocketed to $160M in 2022. Over the period under review, exports, however, continue to indicate a abrupt decrease.
| Export of Durum Wheat in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 118 | 149 | 49.5 | 66.5 | -17.4% |
| Algeria | 18.1 | 18.4 | 30.0 | 44.3 | 34.8% |
| Belgium | 9.3 | 9.5 | N/A | 14.2 | 15.2% |
| Morocco | N/A | N/A | 32.6 | 10.3 | -68.4% |
| Nigeria | 16.4 | 3.6 | 3.9 | 10.0 | -15.2% |
| Venezuela | 2.3 | 4.2 | N/A | 2.6 | 4.2% |
| Canada | 10.8 | 7.7 | 3.0 | 0.5 | -64.1% |
| Tunisia | 6.3 | 7.3 | N/A | N/A | 15.9% |
| Others | 26.1 | 21.3 | 9.1 | 11.1 | -24.8% |
| Total | 207 | 221 | 128 | 160 | -8.2% |
Top Export Markets for Durum Wheat from the United States in 2022:
- Algeria (172.8K tons)
- Italy (157.7K tons)
- Belgium (25.0K tons)
- Nigeria (22.6K tons)
- Morocco (19.3K tons)
- Venezuela (12.5K tons)
- Canada (1.9K tons)
Durum Wheat Imports in the United States
In 2022, purchases abroad of durum wheat was finally on the rise to reach 1.3M tons after two years of decline. Overall, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, durum wheat imports surged to $283M in 2022. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Durum Wheat in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 116 | 114 | 96.6 | 283 | 34.6% |
| Others | 5.3 | 5.8 | 0.5 | 0.6 | -51.6% |
| Total | 122 | 119 | 97.0 | 283 | 32.4% |
Top Suppliers of Durum Wheat to the United States in 2022:
- Canada (1257.6K tons)
This report provides an in-depth analysis of the durum wheat market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 15 - Wheat
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In July 2022, the durum wheat price per ton stood at $483, which is down by -11.8% against the previous month.
341
Exports of Wheat significantly dropped to $381M in June 2023 in terms of value.
299
In August 2022, the wheat price per ton stood at $409.0 (FOB, US), reducing by -4.5% against the previous month.
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In June 2022, the wheat price per ton stood at $449 per ton in June 2022, surging by 4.4% against the previous month.
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In Apr 2022, the wheat price per ton stood at $265 (FOB, US), increasing by 31% against the previous month.
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In September 2022, the grain price per ton stood at $355.6 (FOB, US), reducing by -3.5% against the previous month.
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