India - Wheat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWheat Price in India - 2023
Contents:
- Wheat Price in India (FOB) - 2023
- Wheat Price in India (CIF) - 2023
- Wheat Exports in India
- Wheat Imports in India
Wheat Price in India (FOB) - 2023
The average wheat export price stood at $296 per ton in July 2023, with a decrease of -2.3% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 29% m-o-m. Over the period under review, the average export prices hit record highs at $407 per ton in January 2023; however, from February 2023 to July 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Nepal.
From July 2022 to July 2023, the rate of growth in terms of prices for Bangladesh amounted to +0.6% per month.
Wheat Price in India (CIF) - 2023
In July 2023, the average wheat import price amounted to $376 per ton, approximately reflecting the previous month. Over the period under review, the import price, however, continues to indicate a pronounced downturn. The pace of growth was the most pronounced in November 2022 when the average import price increased by 5,487% month-to-month. As a result, import price attained the peak level of $27,607 per ton. From December 2022 to July 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Australia ($408 per ton), while the price for Romania stood at $312 per ton.
From October 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Romania (-1.3%).
Wheat Exports in India
In 2022, approx. 6.8M tons of wheat were exported from India; surging by 10% on the previous year's figure. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 564%. 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 soared to $2.1B in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 609% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Wheat in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 2.7 | 97.1 | 1,014 | 735 | 548.1% |
| Indonesia | N/A | N/A | 96.9 | 303 | 212.7% |
| South Korea | N/A | N/A | 22.3 | 198 | 787.9% |
| United Arab Emirates | 4.7 | 13.9 | 134 | 180 | 237.1% |
| Yemen | N/A | N/A | 73.6 | 141 | 91.6% |
| Sri Lanka | 0.7 | 19.7 | 122 | 92.8 | 409.9% |
| Philippines | N/A | 0.4 | 85.3 | 78.0 | 1296.4% |
| Thailand | N/A | N/A | 3.4 | 69.6 | 1947.1% |
| Oman | 0.2 | 1.2 | 50.2 | 56.7 | 556.9% |
| Nepal | 41.6 | 79.1 | 59.1 | 23.1 | -17.8% |
| Others | 4.1 | 31.7 | 63.8 | 254 | 295.7% |
| Total | 54.0 | 243 | 1,723 | 2,131 | 240.5% |
Top Export Markets for Wheat from India in 2022:
- Bangladesh (2362.5K tons)
- Indonesia (939.5K tons)
- South Korea (657.5K tons)
- United Arab Emirates (557.2K tons)
- Yemen (444.9K tons)
- Sri Lanka (299.5K tons)
- Philippines (251.5K tons)
- Thailand (224.8K tons)
- Oman (182.5K tons)
- Nepal (86.9K tons)
Wheat Imports in India
For the third year in a row, India recorded decline in overseas purchases of wheat, which decreased by -12% to 49 tons in 2022. In general, imports showed a precipitous descent.
In value terms, wheat imports rose to $26K in 2022. Overall, imports saw a dramatic setback.
| Import of Wheat in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | N/A | N/A | 24.9 | 0% |
| Mexico | 0.3 | 0.2 | 0.4 | 0.4 | 10.1% |
| Australia | 554 | 31.6 | 22.6 | 0.1 | -94.3% |
| United Kingdom | 16.8 | 10.3 | 1.7 | 0.1 | -81.9% |
| Sri Lanka | 17.3 | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | 23.6 | N/A | N/A | 0% |
| Others | 0.1 | 0.9 | N/A | 0.1 | 0.0% |
| Total | 589 | 66.6 | 24.8 | 25.6 | -64.8% |
Top Suppliers of Wheat to India in 2022:
- Vietnam (46.0 tons)
- Mexico (3.0 tons)
- United Kingdom (0.1 tons)
- Australia (0.1 tons)
This report provides an in-depth analysis of the wheat market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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 India.
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This report provides an in-depth analysis of the cereal market in India.
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This report provides an in-depth analysis of the grain market in India.
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This report provides an in-depth analysis of the grain market in India.
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This report provides an in-depth analysis of the durum wheat market in India.
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This report provides an in-depth analysis of the global wheat market.
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This report provides an in-depth analysis of the global cereal market.
3945
This report provides an in-depth analysis of the global grain market.
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This report provides an in-depth analysis of the global durum wheat market.
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After two years of growth, the Indian wheat market decreased by -1.7% to $29.9B in 2021. The market value increased...
109
The most prominent rate of growth was observed in May 2023 with a 78% increase from the previous month. Cereals exports reached a total value of $32M in November 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.
625
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.
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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.
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The U.S. dominates in the global wheat trade. In 2014, the U.S. exported X thousand tons of wheat totaling X million USD, X% under the previous year. Its primary trading partner was Japan, where it supplied X% of its total wheat exports in
