Australia - Durum Wheat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDurum Wheat Price in Australia - 2023
Contents:
- Durum Wheat Price in Australia (FOB) - 2022
- Durum Wheat Price in Australia (CIF) - 2022
- Durum Wheat Exports in Australia
- Durum Wheat Imports in Australia
Durum Wheat Price in Australia (FOB) - 2022
In 2022, the average durum wheat export price amounted to $502 per ton, with an increase of 50% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 +87.9% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Algeria ($617 per ton), while the average price for exports to China ($335 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 Algeria (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Durum Wheat Price in Australia (CIF) - 2022
In 2022, the average durum wheat import price amounted to $2,260 per ton, with an increase of 136% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $2,521 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Jordan ($3,691 per ton), while the price for Turkey ($587 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+7.5%), while the prices for the other major suppliers experienced a decline.
Durum Wheat Exports in Australia
After three years of growth, overseas shipments of durum wheat decreased by -57.6% to 185K tons in 2022. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 when exports increased by 5,786% against the previous year. As a result, the exports attained the peak of 436K tons, and then dropped markedly in the following year.
In value terms, durum wheat exports contracted rapidly to $93M in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 6,233%. As a result, the exports attained the peak of $146M, and then reduced notably in the following year.
| Export of Durum Wheat in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | 136 | 51.8 | -61.9% |
| Algeria | N/A | N/A | N/A | 32.2 | 0% |
| Bangladesh | N/A | N/A | N/A | 3.6 | 0% |
| Japan | N/A | N/A | 0.1 | 3.5 | 3400.0% |
| China | N/A | 0.4 | 0.1 | 1.0 | 58.1% |
| Nigeria | N/A | N/A | 9.0 | N/A | 0% |
| Others | 0.2 | 1.9 | 1.1 | 0.8 | 58.7% |
| Total | 0.2 | 2.3 | 146 | 92.9 | 674.5% |
Top Export Markets for Durum Wheat from Australia in 2022:
- Italy (111.3K tons)
- Algeria (52.1K tons)
- Bangladesh (10.2K tons)
- Japan (6.7K tons)
- China (3.0K tons)
Durum Wheat Imports in Australia
In 2022, durum wheat imports into Australia reduced rapidly to 6.4 tons, shrinking by -60.6% on the year before. Overall, imports faced a dramatic descent. The smallest decline of -18.3% was in 2021.
In value terms, durum wheat imports shrank to $14K in 2022. Over the period under review, imports showed a significant decline.
| Import of Durum Wheat in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | 14.0 | 18.3 | 3.0 | 11.6 | -6.1% |
| Turkey | N/A | 6.9 | 7.9 | 1.6 | -51.8% |
| Lebanon | N/A | N/A | 1.4 | 1.3 | -7.1% |
| United States | 24.3 | N/A | N/A | N/A | 0% |
| Italy | N/A | 3.2 | 3.4 | N/A | 6.3% |
| Others | 1.0 | 1.3 | N/A | N/A | 30.0% |
| Total | 39.3 | 29.8 | 15.6 | 14.5 | -28.3% |
Top Suppliers of Durum Wheat to Australia in 2022:
- Jordan (3.1 tons)
- Turkey (2.8 tons)
- Lebanon (0.5 tons)
This report provides an in-depth analysis of the durum wheat market in Australia. 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 2030.
Product coverage:
- FCL 15 - Wheat
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the durum wheat market in Australia.
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This report provides an in-depth analysis of the wheat market in Australia.
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This report provides an in-depth analysis of the cereal market in Australia.
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This report provides an in-depth analysis of the grain market in Australia.
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This report provides an in-depth analysis of the grain market in Australia.
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This report provides an in-depth analysis of the global durum wheat market.
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This report provides an in-depth analysis of the global wheat market.
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This report provides an in-depth analysis of the global cereal market.
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This report provides an in-depth analysis of the global grain market.
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This report provides an in-depth analysis of the global grain market.
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The Wheat exports reached a peak in 2023 and are projected to continue growing. However, the value of wheat exports decreased to $9.3B in 2023.
353
Wheat exports decreased slightly to $790M in July 2023.
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Cereals exports reached a peak in 2023 and are projected to continue growing. The value of cereal exports decreased to $12.6B in 2023.
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Explore the top import markets for durum wheat and examine the key statistics and numbers behind these markets. Learn about the significant impact of durum wheat trade on global economies.
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Explore the top import markets for wheat including Indonesia, Egypt, China, Algeria, Turkey, Italy, Philippines, Morocco, Japan, and Nigeria. Find out the key statistics and market insights using IndexBox platform.
681
In 2022, wheat price growth is forecast to slow down with sufficient global production and falling demand for feed grains in the U.S. and the EU. Global wheat output is set to remain at the 2021’s level of approx. 777M tons.
624
The average annual wheat price in the U.S. is forecast to drop by 2% y-o-y to $250 per ton in 2022, falling on reduced domestic consumption coupled with stable supply worldwide. The market balance will be buoyed by production gains in Argentina and the EU that will offset decreasing output in Brazil and Paraguay.
801
This year, harvests in the EU, the U.S., the UK, Argentina, Morocco and Ukraine are expected to increase, leading to a growth in wheat production. Even though global stockpiles of grains will remain high, there are boosted expectations for inflation due to forecasts of record demand and increased prices for other cereal grains. The rising global population and bioethanol production are key factors leading to this growth in demand for wheat. Another driving factor is the emerging trend in the EU to use more wheat in animal feed rather than barley.
2605
Global wheat production will reach 758.3 million tons in 2020, showing a slight decrease of 0.5 percent over the previous year's highs and still at a fairly high level.
14909
Global wheat consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
