Europe: Durum Wheat Market 2024

Durum Wheat Market Size in Europe

The Europe durum wheat market shrank modestly to $X in 2022, waning by X% against the previous year. The market value 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, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Durum Wheat Production in Europe

In value terms, durum wheat production expanded modestly 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The country with the largest volume of durum wheat production was Russia (X tons), accounting for X% of total volume. Moreover, durum wheat production in Russia exceeded the figures recorded by the second-largest producer, France (X tons), threefold. The third position in this ranking was taken by Ukraine (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Russia totaled X%. The remaining producing countries recorded the following average annual rates of production growth: France (X% per year) and Ukraine (X% per year).

In 2022, the average yield of durum wheat in Europe contracted slightly to X tons per ha, flattening at the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of yield peaked at X tons per ha in 2017; however, from 2018 to 2022, the yield stood 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 harvested area of durum wheat in Europe amounted to X ha, standing approx. at 2021. The harvested area 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. The most prominent rate of growth was recorded in 2013 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Durum Wheat Exports

Exports in Europe

Durum wheat exports skyrocketed to X tons in 2022, rising by X% against the year before. Overall, exports posted notable growth. The growth pace was the most rapid in 2016 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, durum wheat exports surged to $X in 2022. Total exports indicated a pronounced 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, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Russia prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. France (X tons) ranks second in terms of the total exports with a X% share, followed by the Czech Republic (X%), Poland (X%) and Slovakia (X%). Greece (X tons) and Italy (X tons) took a little share of total exports.

Exports from Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Poland (X%), Slovakia (X%), the Czech Republic (X%), Italy (X%) and Greece (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. By contrast, France (X%) illustrated a downward trend over the same period. Poland (X p.p.), Slovakia (X p.p.) and the Czech Republic (X p.p.) significantly strengthened its position in terms of the total exports, while Russia and France 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, Russia ($X) remains the largest durum wheat supplier in Europe, comprising X% of total exports. The second position in the ranking was held by France ($X), with an X% share of total exports. It was followed by the Czech Republic, with a X% share.

In Russia, durum wheat exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: France (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 Europe

In 2022, supplies from abroad of durum wheat decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, durum wheat imports contracted to $X in 2022. Total imports indicated moderate 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, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of import peaked at $X in 2021, and then declined slightly in the following year.

Imports by Country

Italy represented the main importer of durum wheat in Europe, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Spain (X tons) held the second position in the ranking, followed by Germany (X tons) and Belgium (X tons). All these countries together held approx. X% share of total imports. Portugal (X tons), Poland (X tons), Luxembourg (X tons), Greece (X tons), Austria (X tons) and the Netherlands (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to durum wheat imports into Italy stood at X%. 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 Europe, 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. From 2012 to 2022, the share of Italy and Spain increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) constitutes the largest market for imported durum wheat in Europe, comprising X% of total imports. The second position in the ranking was taken by Spain ($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 stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Spain (X% per year) and Germany (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, rising by X% against the previous year. Import 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 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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