Ireland: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in Ireland

The Irish wheat and meslin flour market expanded remarkably to $X in 2022, growing by X% against the previous year. Overall, the total consumption indicated a prominent 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, consumption increased by X% against 2019 indices. Wheat and meslin flour consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Wheat and Meslin Flour in Ireland

In value terms, wheat and meslin flour production contracted to $X in 2022 estimated in export price. In general, production, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Wheat and meslin flour production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Exports of Wheat and Meslin Flour

Exports from Ireland

In 2022, after two years of decline, there was significant growth in overseas shipments of wheat and meslin flour, when their volume increased by X% to X tons. Overall, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, wheat and meslin flour exports surged to $X in 2022. In general, exports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for wheat and meslin flour exports from Ireland, with a X% share of total exports. Moreover, wheat and meslin flour exports to the UK exceeded the volume sent to the second major destination, Italy (X tons), eightfold.

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

In value terms, the UK ($X), Italy ($X) and Slovakia ($X) were the largest markets for wheat and meslin flour exported from Ireland worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Italy, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average wheat and meslin flour export price amounted to $X per ton, dropping by X% against the previous year. Overall, the export price, however, saw a noticeable increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the UK ($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 Slovakia (X%), while the prices for the other major destinations experienced a decline.

Imports of Wheat and Meslin Flour

Imports into Ireland

In 2022, purchases abroad of wheat and meslin flour increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated a strong 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wheat and meslin flour imports skyrocketed to $X in 2022. In general, 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 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of wheat and meslin flour to Ireland, with a X% share of total imports. Moreover, wheat and meslin flour imports from the UK exceeded the figures recorded by the second-largest supplier, France (X tons), sixfold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Germany (X% per year).

In value terms, the UK ($X) constituted the largest supplier of wheat and meslin flour to Ireland, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

The average wheat and meslin flour import price stood at $X per ton in 2022, approximately equating the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 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 Italy ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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