Asia: Durum Wheat Market 2024

Durum Wheat Market Size in Asia

The Asian durum wheat market declined to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Durum Wheat Production in Asia

In value terms, durum wheat production shrank to $X in 2022 estimated in export price. In general, production enjoyed a measured expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

The countries with the highest volumes of production in 2022 were China (X tons), India (X tons) and Pakistan (X tons), together accounting for X% of total production. Turkey, Kazakhstan, Iran and Uzbekistan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Kazakhstan (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average durum wheat yield shrank modestly to X tons per ha in 2022, stabilizing at 2021 figures. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2020 to 2022, the growth of the durum wheat yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The durum wheat harvested area stood at X ha in 2022, standing approx. at the previous year. Overall, the harvested area, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to durum wheat production reached the peak figure at X ha in 2014; however, from 2015 to 2022, the harvested area stood at a somewhat lower figure.

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Durum Wheat Exports

Exports in Asia

In 2022, the amount of durum wheat exported in Asia reached X tons, increasing by X% compared with the previous year. Over the period under review, exports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, durum wheat exports rose markedly to $X in 2022. Overall, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan was the major exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by India (X tons), Iran (X tons), Turkey (X tons) and Syrian Arab Republic (X tons), together making up a X% share of total exports. Lebanon (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to durum wheat exports from Kazakhstan stood at X%. At the same time, Turkey (X%), Iran (X%) and Syrian Arab Republic (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Lebanon (X%) and India (X%) illustrated a downward trend over the same period. While the share of Kazakhstan (X p.p.), Iran (X p.p.), Turkey (X p.p.) and Syrian Arab Republic (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest durum wheat supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan was relatively modest. In the other countries, the average annual rates were as follows: Turkey (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, increasing by X% against the previous year. Export price indicated notable growth 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 export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Durum Wheat Imports

Imports in Asia

Durum wheat imports shrank significantly to X tons in 2022, which is down by X% against the year before. Total imports indicated a perceptible expansion from 2012 to 2022: its volume 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, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, durum wheat imports contracted slightly to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value 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, imports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

The countries with the highest levels of durum wheat imports in 2022 were China (X tons), Saudi Arabia (X tons), Yemen (X tons) and Pakistan (X tons), together resulting at X% of total import. Taiwan (Chinese) (X tons) ranks next in terms of the total imports with an X% share, followed by Jordan (X%) and Lebanon (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Saudi Arabia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Pakistan ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Saudi Arabia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue 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 Taiwan (Chinese) ($X per ton), while Yemen ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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