China - Wheat - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Mar 1, 2024

China - Wheat - Market Analysis, Forecast, Size, Trends and Insights

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Wheat Price in China - 2023

Contents:

  1. Wheat Price in China (CIF) - 2023
  2. Wheat Price in China (FOB) - 2022
  3. Wheat Imports in China
  4. Wheat Exports in China

Wheat Price in China (CIF) - 2023

In September 2023, the average wheat import price amounted to $338 per ton, flattening at the previous month. Overall, the import price showed a mild contraction. The growth pace was the most rapid in October 2022 an increase of 7.7% m-o-m. As a result, import price reached the peak level of $413 per ton. From November 2022 to September 2023, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In September 2023, the highest price was recorded for prices from Canada ($366 per ton) and Australia ($346 per ton), while the price for Russia ($257 per ton) and Kazakhstan ($301 per ton) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by France (-0.2%), while the prices for the other major suppliers experienced a decline.

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Wheat Price in China (FOB) - 2022

The average wheat export price stood at $509 per ton in 2022, growing by 11% against the previous year. Overall, the export price recorded a modest increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Eritrea ($567 per ton) and Ethiopia ($564 per ton), while the average price for exports to Kyrgyzstan ($393 per ton) and Afghanistan ($487 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 Ethiopia (+9.8%), while the prices for the other major destinations experienced mixed trend patterns.

Wheat Imports in China

For the fourth consecutive year, China recorded growth in supplies from abroad of wheat, which increased by 1.7% to 9.9M tons in 2022. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 154% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, wheat imports skyrocketed to $3.8B in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 151% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Wheat in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia54.73608622,101237.4%
Canada49565580779016.9%
France13062942960867.2%
United States67.446686126557.8%
Kazakhstan90.248.147.712.2-48.7%
Lithuania54.892.317.6N/A-43.3%
Others9.012.314.22.7-33.1%
Total9012,2623,0393,78061.3%

Top Suppliers of Wheat to China in 2022:

  1. Kazakhstan (undefinedM tons)
  2. Australia (5.7M tons)
  3. Canada (1.8M tons)
  4. France (1.7M tons)
  5. United States (0.6M tons)

Wheat Exports in China

Wheat exports from China soared to 5.8K tons in 2022, rising by 34% against the previous year. Overall, exports, however, faced a abrupt setback.

In value terms, wheat exports skyrocketed to $3M in 2022. Over the period under review, exports, however, saw a abrupt downturn.

Export of Wheat in China (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ethiopia3,162N/A814869-35.0%
EritreaN/AN/AN/A6820%
KyrgyzstanN/AN/AN/A5900%
SomaliaN/AN/AN/A4390%
AfghanistanN/AN/A1,169380-67.5%
Lebanon463N/AN/AN/A0%
Others15.8N/AN/A0.6-66.4%
Total3,641N/A1,9832,960-6.7%

Top Export Markets for Wheat from China in 2022:

  1. Ethiopia (1540.0 tons)
  2. Kyrgyzstan (1500.0 tons)
  3. Eritrea (1204.0 tons)
  4. Somalia (791.0 tons)
  5. Afghanistan (780.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the wheat market in China. 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:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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