Australia: Durum Wheat Market 2024

Durum Wheat Market Size in Australia

The Australian durum wheat market dropped to $X in 2022, falling by X% against the previous year. Overall, consumption saw a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Durum Wheat Production in Australia

In value terms, durum wheat production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a deep reduction. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

In 2022, the average yield of durum wheat in Australia contracted to X tons per ha, with a decrease of X% against the year before. In general, the yield continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2022, the growth of the average durum wheat yield remained at a 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 declined slightly to X ha, remaining relatively unchanged against 2021. In general, the harvested area saw a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when the harvested area increased by X% against the previous year. The durum wheat harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

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Durum Wheat Exports

Exports from Australia

After two years of growth, shipments abroad of durum wheat decreased by X% to X tons in 2022. Overall, exports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then declined significantly in the following year.

In value terms, durum wheat exports fell significantly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then fell dramatically in the following year.

Exports by Country

Italy (X tons) was the main destination for durum wheat exports from Australia, with a X% share of total exports. Moreover, durum wheat exports to Italy exceeded the volume sent to the second major destination, Algeria (X tons), twofold. The third position in this ranking was held by Bangladesh (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (X% per year) and Bangladesh (X% per year).

In value terms, Italy ($X), Algeria ($X) and Bangladesh ($X) were the largest markets for durum wheat exported from Australia worldwide, together comprising X% of total exports. Japan and China lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Japan, with a CAGR of X.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average durum wheat export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, export price indicated tangible 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 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Durum Wheat Imports

Imports into Australia

In 2022, the amount of durum wheat imported into Australia reduced dramatically to X tons, with a decrease of X% compared with 2021. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, durum wheat imports shrank to $X in 2022. Over the period under review, imports, however, posted a significant increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Jordan (X tons), Turkey (X tons) and Lebanon (X kg) were the main suppliers of durum wheat imports to Australia.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Jordan (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, Jordan ($X) constituted the largest supplier of durum wheat to Australia, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Jordan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Lebanon (X% per year).

Import Prices by Country

The average durum wheat import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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