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  December 11th, 2021 | Written by

Boosting Shipments to Saudi Arabia and South Africa Push Poland’s Wheat Exports to $1B

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IndexBox has just published a new report: ‘Poland – Wheat – Market Analysis, Forecast, Size, Trends and Insights‘. Here is a summary of the report’s key findings.

In 2020, Poland’s wheat exports skyrocketed to $1B, reaching the highest point ever. In physical terms, exports soared from 2.1M tonnes in 2019 to 4.7M tonnes in 2020. The leading importer of wheat from Poland, Saudi Arabia, increased its purchases more than twofold last year. South Africa became the second-largest importer, unprecedently boosting shipments to 773K tonnes. The average export price for wheat from Poland jumped by +7.5% y-o-y to $223 per tonne in 2020.

Poland’s Wheat Exports by Country

Wheat exports from Poland surged 2.1M tonnes in 2019 to 4.7M tonnes in 2020. In value terms, wheat exports surged from $432M to $1B (IndexBox estimates) in 2020. Over the past decade, Poland’s wheat exports rose from 984K tonnes to 4.7M tonnes in physical terms, or from $208M to $1B in value terms.

Saudi Arabia (1.7M tonnes) was the leading destination for wheat exports from Poland, with a 36% share of total exports. Moreover, wheat exports to Saudi Arabia exceeded the volume sent to the second major destination, South Africa (773K tonnes), twofold. Germany (675K tonnes) ranked third in terms of total exports with a 14% share.

Wheat supplies from Poland to Saudi Arabia grew from 0.7M tonnes in 2019 to 1.7M tonnes in 2020. Exports to South Africa rose from 51K tonnes to 773K tonnes over this period. Among other countries, Algeria (from 63K tonnes to 402K tonnes) and Germany (from 503K tonnes to 675K tonnes) also ramped up wheat imports from Poland.

In value terms, Saudi Arabia ($377M) remains the key foreign market for wheat exports from Poland, comprising 36% of total exports. The second position in the ranking was occupied by South Africa ($169M), with a 16% share of total exports, and it was followed by Germany, with a 14% share. In 2020, the average wheat export price amounted to $223 per tonne, rising by +7.5% against the previous year. Average prices varied noticeably for the major export markets.

In 2020, the highest prices were recorded for prices to Kenya ($233 per tonne) and Algeria ($230 per tonne), while the average prices for exports to Turkey ($215 per tonne) and Germany ($217 per tonne) were amongst the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to Tanzania, while the prices for the other significant destinations experienced more modest paces of growth.


Source: IndexBox Platform