Global Durum Wheat Market 2024

Durum Wheat Market Size

The global durum wheat market fell slightly to $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the global market failed to regain momentum.

Durum Wheat Production

In value terms, durum wheat production dropped slightly to $X in 2022 estimated in export price. Over the period under review, the total production 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, global production growth remained at a lower figure.

The countries with the highest volumes of production in 2022 were China (X tons), India (X tons) and Russia (X tons), with a combined X% share of global production.

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

The global average durum wheat yield contracted to X tons per ha in 2022, approximately mirroring 2021. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. The global yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the 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.

The global durum wheat harvested area stood at X ha in 2022, stabilizing at the previous year. In general, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the harvested area increased by X%. The global harvested area peaked at X ha in 2015; however, from 2016 to 2022, the harvested area stood at a somewhat lower figure.

Durum Wheat Exports

Exports

In 2022, approx. X tons of durum wheat were exported worldwide; growing by X% against the year before. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the global exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, durum wheat exports surged to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the global exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Russia represented the main exporter of durum wheat in the world, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Canada (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by France (X%) and the Czech Republic (X%). Poland (X tons), Slovakia (X tons), the United States (X tons), Greece (X tons), Italy (X tons) and Spain (X tons) took a relatively small share of total exports.

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

In value terms, Russia ($X), Canada ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of global exports. The Czech Republic, Poland, Slovakia, Italy, Greece, Spain and the United States lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2022, the average durum wheat export price amounted to $X per ton, surging by X% against 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 export price increased by X%. The global export price peaked in 2022 and is likely to see gradual 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 global leaders experienced more modest paces of growth.

Durum Wheat Imports

Imports

In 2022, approx. X tons of durum wheat were imported worldwide; stabilizing at the previous year's figure. Overall, total imports indicated a pronounced 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. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, global imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, durum wheat imports expanded sharply to $X in 2022. Over the period under review, total imports indicated a measured 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 2017 indices. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Egypt represented the largest importing country with an import of around X tons, which accounted for X% of total imports. China (X tons) ranks second in terms of the total imports with a X% share, followed by Saudi Arabia (X%), Nigeria (X%), Yemen (X%) and Italy (X%). The following importers - Pakistan (X tons), the United States (X tons), Ethiopia (X tons), Algeria (X tons), Ecuador (X tons), Taiwan (Chinese) (X tons) and Jordan (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to durum wheat imports into Egypt stood at X%. At the same time, Saudi Arabia (X%), Taiwan (Chinese) (X%), Nigeria (X%), Pakistan (X%), China (X%), Ecuador (X%), the United States (X%), Ethiopia (X%) and Italy (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Jordan experienced a relatively flat trend pattern. By contrast, Algeria (X%) and Yemen (X%) illustrated a downward trend over the same period. Saudi Arabia (X p.p.), Nigeria (X p.p.), Pakistan (X p.p.), China (X p.p.) and Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the global imports, while Algeria and Yemen 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, the largest durum wheat importing markets worldwide were Egypt ($X), Nigeria ($X) and China ($X), with a combined X% share of global imports. Italy, Pakistan, Ethiopia, Saudi Arabia, Taiwan (Chinese), Yemen, Algeria, Ecuador, Jordan and the United States lagged somewhat behind, together comprising a further X%.

Saudi Arabia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average durum wheat import price amounted to $X per ton, increasing by X% against the previous year. In general, import price indicated a modest 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 2017 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Global import price peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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