EU: Durum Wheat Market 2024

Durum Wheat Market Size in the EU

The EU durum wheat market fell to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Durum Wheat Production in the EU

In value terms, durum wheat production stood at $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were France (X tons), Germany (X tons) and Poland (X tons), with a combined X% share of total production. Spain, Romania, Italy, Bulgaria, Hungary, the Czech Republic, Lithuania, Denmark, Sweden and Latvia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of durum wheat in the European Union shrank modestly to X tons per ha, with a decrease of X% on 2021 figures. Overall, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2015; however, from 2016 to 2022, the 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.

In 2022, the harvested area of durum wheat in the European Union dropped to X ha, approximately reflecting 2021 figures. Over the period under review, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area stood at a somewhat lower figure.

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Durum Wheat Exports

Exports in the EU

In 2022, overseas shipments of durum wheat increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, durum wheat exports skyrocketed to $X in 2022. Total exports indicated noticeable growth 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, exports increased by X% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the four major exporters of durum wheat, namely France, the Czech Republic, Poland and Slovakia, represented more than two-thirds of total export. Greece (X tons) ranks next in terms of the total exports with a X% share, followed by Italy (X%) and Spain (X%).

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

In value terms, the largest durum wheat supplying countries in the European Union were France ($X), the Czech Republic ($X) and Poland ($X), together comprising X% of total exports.

Poland, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, picking up by X% against the previous year. Export price indicated a mild 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 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

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

Durum Wheat Imports

Imports in the EU

In 2022, overseas purchases of durum wheat decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, durum wheat imports reduced to $X in 2022. Total imports indicated a noticeable expansion 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 2018 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then reduced modestly in the following year.

Imports by Country

In 2022, Italy (X tons) represented the main importer of durum wheat, creating X% of total imports. Spain (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Germany (X%) and Belgium (X%). The following importers - Portugal (X tons), Poland (X tons), Luxembourg (X tons), Greece (X tons), Austria (X tons) and the Netherlands (X tons) - together made up X% of total imports.

Imports into Italy increased at an average annual rate of X% from 2012 to 2022. At the same time, Austria (X%), Luxembourg (X%), Poland (X%), Spain (X%) and Greece (X%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Germany and Portugal experienced a relatively flat trend pattern. By contrast, Belgium (X%) and the Netherlands (X%) illustrated a downward trend over the same period. Italy (X p.p.) and Spain (X p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands and Belgium saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) constitutes the largest market for imported durum wheat in the European Union, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Italy amounted to X%. In the other countries, the average annual rates were as follows: Spain (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, picking up by X% against the previous year. Import price indicated a moderate expansion 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 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Italy ($X per ton) and Portugal ($X per ton), while the Netherlands ($X per ton) and Austria ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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