Australia and Oceania: Durum Wheat Market 2024

Durum Wheat Market Size in Australia and Oceania

The durum wheat market in Australia and Oceania fell modestly to $X in 2022, remaining constant against the previous year. In general, consumption saw a abrupt curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Durum Wheat Production in Australia and Oceania

In value terms, durum wheat production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a deep setback. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of durum wheat production was Australia (X tons), accounting for X% of total volume. It was followed by New Zealand (X tons), with a X% share of total production.

In Australia, durum wheat production decreased by an average annual rate of X% over the period from 2012-2022.

The average durum wheat yield fell modestly to X tons per ha in 2022, with a decrease of X% against 2021. Over the period under review, the yield continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2022, the growth of the durum wheat yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of durum wheat production in Australia and Oceania shrank modestly to X ha, almost unchanged from the previous year's figure. In general, the harvested area continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2017 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to durum wheat production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Durum Wheat Exports

Exports in Australia and Oceania

After two years of growth, overseas shipments of durum wheat decreased by X% to X tons in 2022. Over the period under review, exports saw a perceptible downturn. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, durum wheat exports contracted significantly to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then fell notably in the following year.

Exports by Country

In 2022, Australia (X tons) represented the major exporter of durum wheat in Australia and Oceania, generating X% of total export.

Australia was also the fastest-growing in terms of the durum wheat exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest durum wheat supplier in Australia and Oceania.

From 2012 to 2022, the average annual growth rate of value in Australia was relatively modest.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, with an increase of X% against the previous year. Export 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 export price increased by X% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Durum Wheat Imports

Imports in Australia and Oceania

In 2022, approx. X tons of durum wheat were imported in Australia and Oceania; increasing by X% compared with 2021. In general, imports, however, continue to indicate a perceptible curtailment. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, durum wheat imports rose rapidly to $X in 2022. Overall, imports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

New Caledonia dominates imports structure, recording X tons, which was approx. X% of total imports in 2022. The following importers - French Polynesia (X tons) and Fiji (X tons) - each resulted at an X% share of total imports.

New Caledonia was also the fastest-growing in terms of the durum wheat imports, with a CAGR of X% from 2012 to 2022. French Polynesia experienced a relatively flat trend pattern. Fiji (X%) illustrated a downward trend over the same period. While the share of New Caledonia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Fiji (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Caledonia ($X) constitutes the largest market for imported durum wheat in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by French Polynesia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in New Caledonia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: French Polynesia (X% per year) and Fiji (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, recorded a mild decline. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Caledonia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Caledonia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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