ASEAN: Durum Wheat Market 2024

Durum Wheat Market Size in ASEAN

The ASEAN durum wheat market dropped to $X in 2022, shrinking by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Durum Wheat Production in ASEAN

In value terms, durum wheat production rose sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Singapore (X tons) remains the largest durum wheat producing country in ASEAN, accounting for X% of total volume. Moreover, durum wheat production in Singapore exceeded the figures recorded by the second-largest producer, Myanmar (X tons), threefold.

In Singapore, durum wheat production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Myanmar (X% per year) and Indonesia (X% per year).

The average durum wheat yield expanded sharply to X tons per ha in 2022, growing by X% on the previous year. The yield indicated resilient growth from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, durum wheat yield increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 when the yield increased by X% against the previous year. The level of yield peaked in 2022 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of durum wheat were harvested in ASEAN; remaining stable against the previous year. Over the period under review, the harvested area showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

Durum Wheat Exports

Exports in ASEAN

In 2022, the amount of durum wheat exported in ASEAN rose significantly to X tons, growing by X% against the year before. Over the period under review, exports, however, continue to indicate a sharp setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, durum wheat exports shrank markedly to $X in 2022. In general, exports, however, saw a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Lao People's Democratic Republic prevails in exports structure, recording X tons, which was near X% of total exports in 2022. Malaysia (X tons) held a relatively small share of total exports.

Lao People's Democratic Republic was also the fastest-growing in terms of the durum wheat exports, with a CAGR of X% from 2012 to 2022. Malaysia (X%) illustrated a downward trend over the same period. While the share of Lao People's Democratic Republic (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In Lao People's Democratic Republic, durum wheat exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price, however, showed a noticeable expansion. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then contracted rapidly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while Malaysia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%).

Durum Wheat Imports

Imports in ASEAN

In 2022, approx. X tons of durum wheat were imported in ASEAN; shrinking by X% compared with 2021 figures. Overall, imports recorded a pronounced curtailment. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, durum wheat imports contracted to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X tons) and Malaysia (X tons) prevails in imports structure, together making up X% of total imports. Vietnam (X tons) and Cambodia (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest durum wheat importing markets in ASEAN were Thailand ($X), Malaysia ($X) and Vietnam ($X), together comprising X% of total imports.

In terms of the main importing countries, Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, increasing by X% against the previous year. Import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, durum wheat import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2019 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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