Australia - Wheat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWheat Price in Australia - 2023
Contents:
- Wheat Price in Australia (FOB) - 2023
- Wheat Price in Australia (CIF) - 2022
- Wheat Exports in Australia
- Wheat Imports in Australia
Wheat Price in Australia (FOB) - 2023
The average wheat export price stood at $291 per ton in August 2023, almost unchanged from the previous month. In general, the export price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 1.8% against the previous month. As a result, the export price reached the peak level of $387 per ton. From October 2022 to August 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In August 2023, the highest price was recorded for prices to South Korea ($331 per ton) and China ($312 per ton), while the average price for exports to Japan ($271 per ton) and Indonesia ($275 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.6%), while the prices for the other major destinations experienced a decline.
Wheat Price in Australia (CIF) - 2022
In 2022, the average wheat import price amounted to $790 per ton, growing by 13% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 167% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($868 per ton), while the price for New Zealand ($760 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Wheat Exports in Australia
For the fourth year in a row, Australia recorded growth in shipments abroad of wheat, which increased by 13% to 29M tons in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 146%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, wheat exports surged to $10B in 2022. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 164%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Wheat in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 71.0 | 537 | 877 | 2,046 | 206.6% |
| Indonesia | 215 | 242 | 1,317 | 1,473 | 89.9% |
| Philippines | 452 | 177 | 545 | 1,074 | 33.4% |
| Vietnam | 223 | 246 | 847 | 1,003 | 65.1% |
| South Korea | 282 | 286 | 310 | 722 | 36.8% |
| Japan | 241 | 228 | 341 | 455 | 23.6% |
| Malaysia | 155 | 121 | 317 | 381 | 35.0% |
| Yemen | 160 | 114 | 235 | 333 | 27.7% |
| Thailand | 122 | 94.6 | 286 | 291 | 33.6% |
| New Zealand | 106 | 99.9 | 152 | 233 | 30.0% |
| Sudan | N/A | N/A | 51.7 | 202 | 290.7% |
| South Africa | N/A | N/A | 152 | 157 | 3.3% |
| Others | 456 | 545 | 1,675 | 1,638 | 53.1% |
| Total | 2,483 | 2,691 | 7,106 | 10,008 | 59.1% |
Top Export Markets for Wheat from Australia in 2022:
- China (6.2M tons)
- Indonesia (4.3M tons)
- Philippines (3.3M tons)
- Vietnam (2.9M tons)
- South Korea (2.1M tons)
- Japan (1.3M tons)
- Malaysia (1.1M tons)
- Yemen (1.0M tons)
- Thailand (0.8M tons)
- New Zealand (0.6M tons)
- Sudan (0.6M tons)
- South Africa (0.4M tons)
Wheat Imports in Australia
For the third consecutive year, Australia recorded decline in purchases abroad of wheat, which decreased by -38% to 664 tons in 2022. Over the period under review, imports showed a sharp shrinkage. The smallest decline of -1.5% was in 2020.
In value terms, wheat imports declined remarkably to $524K in 2022. Overall, imports showed a dramatic contraction. The smallest decline of -3% was in 2020.
| Import of Wheat in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 0.6 | 0.6 | 0.7 | 0.4 | -12.6% |
| Turkey | N/A | 0.1 | N/A | 0.1 | 0.0% |
| India | N/A | N/A | N/A | N/A | 0% |
| Canada | 129 | 125 | N/A | N/A | -3.1% |
| Others | 0.3 | N/A | N/A | N/A | 0% |
| Total | 130 | 126 | 0.7 | 0.5 | -84.3% |
Top Suppliers of Wheat to Australia in 2022:
- New Zealand (541.6 tons)
- Turkey (75.4 tons)
- India (37.3 tons)
This report provides an in-depth analysis of the wheat market in Australia. 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:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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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This report provides an in-depth analysis of the wheat market in Australia.
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The Wheat exports reached a peak in 2023 and are projected to continue growing. However, the value of wheat exports decreased to $9.3B in 2023.
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Wheat exports decreased slightly to $790M in July 2023.
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Cereals exports reached a peak in 2023 and are projected to continue growing. The value of cereal exports decreased to $12.6B in 2023.
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Explore the top import markets for wheat including Indonesia, Egypt, China, Algeria, Turkey, Italy, Philippines, Morocco, Japan, and Nigeria. Find out the key statistics and market insights using IndexBox platform.
682
In 2022, wheat price growth is forecast to slow down with sufficient global production and falling demand for feed grains in the U.S. and the EU. Global wheat output is set to remain at the 2021’s level of approx. 777M tons.
626
The average annual wheat price in the U.S. is forecast to drop by 2% y-o-y to $250 per ton in 2022, falling on reduced domestic consumption coupled with stable supply worldwide. The market balance will be buoyed by production gains in Argentina and the EU that will offset decreasing output in Brazil and Paraguay.
803
This year, harvests in the EU, the U.S., the UK, Argentina, Morocco and Ukraine are expected to increase, leading to a growth in wheat production. Even though global stockpiles of grains will remain high, there are boosted expectations for inflation due to forecasts of record demand and increased prices for other cereal grains. The rising global population and bioethanol production are key factors leading to this growth in demand for wheat. Another driving factor is the emerging trend in the EU to use more wheat in animal feed rather than barley.
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Global wheat production will reach 758.3 million tons in 2020, showing a slight decrease of 0.5 percent over the previous year's highs and still at a fairly high level.
14917
Global wheat consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
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In 2015, the countries with the highest levels of production were China (X thousand tons), India (X thousand tons), Russia (X thousand tons), together accounting for X% of total output.
