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World - Wheat - Market Analysis, Forecast, Size, Trends and Insights
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Global Wheat Market Overview 2021

Wheat Market Size

The global wheat market expanded slightly to $X in 2020, picking up by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2011 when the market value increased by X% y-o-y. Over the period under review, the global market reached the peak level at $X in 2012; however, from 2013 to 2020, consumption failed to regain the momentum.

Wheat Production

In value terms, wheat production rose slightly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, global production hit record highs at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

The countries with the highest volumes of wheat production in 2020 were China (X tonnes), India (X tonnes) and Russia (X tonnes), together accounting for X% of global production. These countries were followed by the U.S., France, Canada, Ukraine, Pakistan, Germany, Argentina, Turkey, Australia and Iran, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of wheat production, amongst the leading producing countries, was attained by Ukraine, while wheat production for the other global leaders experienced more modest paces of growth.

The global average wheat yield stood at X tonnes per ha in 2020, growing by X% against 2019. The yield figure increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2008 when the yield increased by X% y-o-y. The global yield peaked in 2020 and is expected to retain growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of wheat were harvested worldwide; remaining relatively unchanged against the previous year. Overall, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the harvested area increased by X% y-o-y. The global harvested area peaked at X ha in 2009; however, from 2010 to 2020, the harvested area failed to regain the momentum.

Production By Country

The countries with the highest volumes of wheat production in 2020 were China (X tonnes), India (X tonnes) and Russia (X tonnes), together accounting for X% of global production. The U.S., France, Canada, Ukraine, Pakistan, Germany, Argentina, Turkey, Australia and Iran lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Ukraine, while wheat production for the other global leaders experienced more modest paces of growth.

Wheat Exports

Exports

In 2020, shipments abroad of wheat increased by X% to X tonnes, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Global exports peaked in 2020 and are expected to retain growth in the near future.

In value terms, wheat exports reached $X in 2020. The total export value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, global exports reached the maximum at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from the U.S. (X tonnes), Canada (X tonnes), Russia (X tonnes), France (X tonnes) and Ukraine (X tonnes), together reaching X% of total export. Australia (X tonnes) held the next position in the ranking, followed by Argentina (X tonnes) and Germany (X tonnes). All these countries together held near X% share of total exports. Poland (X tonnes), Romania (X tonnes), Lithuania (X tonnes), Kazakhstan (X tonnes) and Latvia (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Latvia, while exports for the other global leaders experienced more modest paces of growth.

In value terms, the largest wheat supplying countries worldwide were the U.S. ($X), Canada ($X) and Russia ($X), with a combined X% share of global exports. These countries were followed by France, Ukraine, Australia, Germany, Argentina, Poland, Romania, Lithuania, Kazakhstan and Latvia, which together accounted for a further X terms of the main exporting countries, Latvia recorded the highest growth rate of 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 2020, the average wheat export price amounted to $X per tonne, picking up by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. As a result, export price reached the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the average export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Australia ($X per tonne) and Russia ($X per tonne), while Ukraine ($X per tonne) and Argentina ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia, while the other global leaders experienced mixed trends in the export price figures.

Wheat Imports

Imports

In 2020, supplies from abroad of wheat decreased by -X% to X tonnes, falling for the second consecutive year after three years of growth. Over the period under review, total imports indicated a noticeable expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2016 when imports increased by X% year-to-year. Over the period under review, global imports hit record highs at X tonnes in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, wheat imports reached $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Global imports peaked at $X in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Indonesia (X tonnes), Turkey (X tonnes), Egypt (X tonnes), China (X tonnes), Italy (X tonnes), Algeria (X tonnes), Brazil (X tonnes), the Philippines (X tonnes), Japan (X tonnes), Morocco (X tonnes), Nigeria (X tonnes) and the Netherlands (X tonnes) was the main importer of wheat in the world, committing X% of total import. Spain (X tonnes) occupied a little share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China, while imports for the other global leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Indonesia ($X) and Turkey ($X) were the countries with the highest levels of imports in 2020, with a combined X% share of global imports. China, Italy, Algeria, Japan, Brazil, the Philippines, Morocco, Nigeria, the Netherlands and Spain lagged somewhat behind, together comprising a further X the main importing countries, China recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average wheat import price stood at $X per tonne in 2020, increasing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Japan ($X per tonne) and Egypt ($X per tonne), while the Netherlands ($X per tonne) and Spain ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wheat in the world?
+
The countries with the highest volumes of wheat consumption in 2020 were China (144M tonnes), India (105M tonnes) and Russia (57M tonnes), with a combined 39% share of global consumption.
What are the largest producers of wheat in the world?
+
The countries with the highest volumes of wheat production in 2020 were China (136M tonnes), India (106M tonnes) and Russia (77M tonnes), together comprising 41% of global production. These countries were followed by the U.S., France, Canada, Ukraine, Pakistan, Germany, Argentina, Turkey, Australia and Iran, which together accounted for a further 36%.
What are the leading exporters of wheat in the world?
+
In value terms, the largest wheat supplying countries worldwide were the U.S. ($6.3B), Canada ($6.3B) and Russia ($5.2B), together comprising 43% of global exports. These countries were followed by France, Ukraine, Australia, Germany, Argentina, Poland, Romania, Lithuania, Kazakhstan and Latvia, which together accounted for a further 46%.
What are the leading importers of wheat in the world?
+
In value terms, the largest wheat importing markets worldwide were Egypt ($2.7B), Indonesia ($2.6B) and Turkey ($2.3B), together comprising 18% of global imports. These countries were followed by China, Italy, Algeria, Japan, Brazil, the Philippines, Morocco, Nigeria, the Netherlands and Spain, which together accounted for a further 33%.
What is the average export price for wheat in the world?
+
The average wheat export price stood at $234 per tonne in 2020, picking up by 1.5% against the previous year.
What is the average import price for wheat in the world?
+
The average wheat import price stood at $242 per tonne in 2020, increasing by 7.3% against the previous year.

Product coverage:
• FCL 15 - Wheat

This report provides an in-depth analysis of the global wheat market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Harvested Area, By Country, 2007–2020
Table 7:
Yield, By Country, 2007–2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Harvested Area, By Country, 2020
Figure 24:
Harvested Area, By Country, 2007–2020
Figure 25:
Yield, By Country, 2007–2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020

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