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

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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

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Boosting Turkey’s and China’s Imports Keep Global Wheat Bran Trade Afloat

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

In 2020, total wheat bran imports stood at 6.6M tonnes or $1.1B in value terms, remaining stable against the previous year. Turkey is the largest wheat bran importer, accounting for 24% of global imports. Turkey, China, the Netherlands and Saudi Arabia increased their imports while supplies to Viet Nam, Germany, Canada, South Africa and Thailand declined in 2020. China emerged as the fastest-growing importer. The average wheat bran import price rose by +4.8% y-o-y to $174 per tonne last year. Russia, Indonesia and Germany constitute key wheat bran suppliers worldwide.

Global Wheat Bran Imports by Country

Global wheat bran imports estimated at 6.6M tonnes in 2020, approximately mirroring the previous year. In value terms, wheat bran imports amounted to +3.9% to $1.1B (IndexBox estimates) in 2020.

Turkey represented the major importer of wheat bran globally, with the volume of imports resulting at 1.6M tonnes, which was approx. 24% of total imports in 2020. Viet Nam (546K tonnes) held an 8.3% share (based on tonnes) of total imports, which put it in second place, followed by Germany (6.4%), China (5.5%), the Netherlands (5.2%) and Saudi Arabia (5%). Belgium (278K tonnes), Ireland (256K tonnes), Egypt (156K tonnes), the UK (147K tonnes), Canada (146K tonnes), South Africa (114K tonnes) and Thailand (103K tonnes) followed a long way behind the leaders.

Except for Viet Nam, Germany, Canada, South Africa and Thailand, all largest importers ramped up the purchases in 2020. China featured the most prominent spike in import volume, increasing the supplies twofold.

In value terms, Turkey ($277M) constitutes the largest market for imported wheat bran worldwide, comprising 24% of global imports. The second position in the ranking was occupied by Viet Nam ($92M), with an 8% share of global imports. It was followed by China, with a 6.2% share.

The average wheat bran import price stood at $174 per tonne in 2020, increasing by +4.8% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Thailand ($215 per tonne), while South Africa ($102 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the other global leaders experienced more modest paces of growth.

World’s Largest Wheat Bran Exporters

In value terms, the largest wheat bran supplying countries worldwide were Russia ($147M), Indonesia ($123M) and Germany ($85M), with a combined 31% share of global exports. Ukraine, Italy, France, the Netherlands, Poland, the U.S., Kazakhstan, Argentina, Austria and Kenya lagged somewhat behind, together comprising a further 33%.

The shipments of the twelve major exporters of wheat bran, namely Russia, Indonesia, Ukraine, Germany, France, Italy, Kazakhstan, the U.S., Argentina, the Netherlands, Poland and Kenya, represented more than half of total export in physical terms.

Source: IndexBox Platform

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Durum’s Share in the European Wheat Imports Spikes

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

Imports of durum wheat in the EU surged by +25% y-o-y to 6.1M tonnes, reaching $1.7B in 2020. Over the last year, the share of durum supplies by volume in the total European wheat imports increased from 15.4% to 19.2%. Italy represents the largest importer of durum wheat in the EU. Belgium emerged as the fastest-growing European importer of durum wheat in 2020. The total imports of all types of wheat estimated at 32M tonnes or $7.4B in value terms.

European Imports of Durum Wheat

In 2020, imports of durum wheat in the EU surged to 6.1M tonnes, with an increase of +25% against the previous year’s figure. In value terms, durum wheat imports soared by +29.0% y-o-y to $1.7B in 2020. Over the last year, the share of the durum wheat supplies (by volume) in the total European wheat imports increased from 15.4% to 19.2%.

Italy represented the major importing country with an import of around 3.2M tonnes, which amounted to 51% of total imports. Belgium (866K tonnes) occupied the second position in the ranking, followed by Spain (498K tonnes) and Germany (372K tonnes). All these countries together occupied approx. 28% share of total imports. Poland (264K tonnes), the Netherlands (263K tonnes), Portugal (145K tonnes), Greece (103K tonnes) and Luxembourg (96K tonnes) followed a long way behind the leaders.

Imports into Italy in volume terms increased by +27.8% in 2020. Belgium (+163.7%), Poland (+105.5%), Portugal (+51.0%), Greece (+7.6%) and Luxembourg (+5.5%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in the EUin 2020. By contrast, Germany (-3.7%), Spain (-8.3%) and the Netherlands (-30.5%) illustrated a downward trend over the same period.

In value terms, Italy ($950M) constitutes the largest market for imported durum wheat in the EU, comprising 55% of total imports. The second position in the ranking was occupied by Belgium ($200M), with a 12% share of total imports. It was followed by Spain, with a 7.7% share.

In 2020, the durum wheat import price in the EU amounted to $282 per tonne, increasing by 3.5% against the previous year. Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Germany ($319 per tonne) and Luxembourg ($304 per tonne), while Poland ($214 per tonne) and Belgium ($230 per tonne) were amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced more modest paces of growth.

Total European Wheat Imports

In 2020, approx. 32M tonnes of wheat were imported in the EU; flattening at the previous year’s figure. In value terms, wheat imports rose by +2.2% y-o-y to $7.4B (IndexBox estimates) in 2020.

In 2020, Italy (8M tonnes), distantly followed by the Netherlands (4.4M tonnes), Spain (4.2M tonnes), Germany (4M tonnes) and Belgium (3.8M tonnes) were the largest importers of wheat, together comprising 77% of total imports. Romania (1.2M tonnes), Portugal (1.2M tonnes), Austria (1.2M tonnes), Greece (0.9M tonnes), Poland (0.9M tonnes) and Latvia (0.7M tonnes) followed a long way behind the leaders.

In value terms, Italy ($2B) constitutes the largest market for imported wheat in the EU, comprising 28% of total imports. The second position in the ranking was occupied by the Netherlands ($962M), with a 13% share of total imports. It was followed by Spain, with a 13% share.

The wheat import price in the EU stood at $233 per tonne in 2020, picking up by +2.9% against the previous year. Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Italy ($256 per tonne) and Portugal ($243 per tonne), while Poland ($199 per tonne) and Austria ($207 per tonne) were amongst the lowest.

Source: IndexBox Platform

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Wheat Gluten Market in the EU Reached $925M

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

The revenue of the wheat gluten market in the European Union amounted to $925M in 2018, remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Over the period under review, wheat gluten consumption continues to indicate a moderate contraction.

Consumption By Country in the EU

The countries with the highest volumes of wheat gluten consumption in 2018 were France (114K tonnes), Germany (108K tonnes) and the Netherlands (77K tonnes), with a combined 47% share of total consumption.

From 2007 to 2018, the most notable rate of growth in terms of wheat gluten consumption, amongst the main consuming countries, was attained by the Netherlands, while wheat gluten consumption for the other leaders experienced more modest paces of growth.

In value terms, France ($171M), the Netherlands ($127M) and the UK ($95M) were the countries with the highest levels of market value in 2018, with a combined 43% share of the total market.

In 2018, the highest levels of wheat gluten per capita consumption was registered in the Netherlands (4,532 kg per 1000 persons), followed by France (1,752 kg per 1000 persons), Belgium (1,376 kg per 1000 persons) and Austria (1,339 kg per 1000 persons), while the world average per capita consumption of wheat gluten was estimated at 1,256 kg per 1000 persons.

Production in the EU

In 2018, the amount of wheat gluten produced in the European Union stood at 934K tonnes, going down by -2.4% against the previous year. Overall, wheat gluten production continues to indicate a mild contraction.

Production By Country in the EU

The countries with the highest volumes of wheat gluten production in 2018 were France (249K tonnes), Germany (220K tonnes) and Belgium (109K tonnes), together accounting for 62% of total production. The UK, Poland, Lithuania and Italy lagged somewhat behind, together comprising a further 24%.

From 2007 to 2018, the most notable rate of growth in terms of wheat gluten production, amongst the main producing countries, was attained by Lithuania, while wheat gluten production for the other leaders experienced more modest paces of growth.

Exports in the EU

The volume of exports amounted to 703K tonnes in 2018, rising by 5% against the previous year. The total exports indicated a prominent increase from 2007 to 2018: its volume increased at an average annual rate of +6.0% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, wheat gluten exports increased by +45.3% against 2015 indices. The volume of exports peaked in 2018 and are expected to retain its growth in the near future. In value terms, wheat gluten exports amounted to $1.2B (IndexBox estimates) in 2018.

Exports by Country

The countries with the highest levels of wheat gluten exports in 2018 were Belgium (221K tonnes), France (176K tonnes) and Germany (134K tonnes), together accounting for 76% of total export. It was distantly followed by Poland (44K tonnes), Lithuania (41K tonnes) and the UK (37K tonnes), together committing a 17% share of total exports. Italy (20K tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Lithuania, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest wheat gluten supplying countries in the European Union were Belgium ($363M), France ($296M) and Germany ($234M), with a combined 76% share of total exports. These countries were followed by Poland, Lithuania, the UK and Italy, which together accounted for a further 20%.

Export Prices by Country

In 2018, the wheat gluten export price in the European Union amounted to $1,676 per tonne, surging by 7.4% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +3.9%.

Average prices varied noticeably amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in Italy ($1,890 per tonne) and Germany ($1,745 per tonne), while the UK ($1,521 per tonne) and Poland ($1,642 per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced more modest paces of growth.

Imports in the EU

In 2018, the amount of wheat gluten imported in the European Union stood at 410K tonnesThe total imports indicated pronounced growth from 2007 to 2018: its volume increased at an average annual rate of +3.2% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. In value terms, wheat gluten imports totaled $659M (IndexBox estimates) in 2018.

Imports by Country

In 2018, Belgium (128K tonnes), distantly followed by the Netherlands (80K tonnes), France (42K tonnes), the UK (37K tonnes) and Germany (22K tonnes) represented the key importers of wheat gluten, together making up 75% of total imports. The following importers – Spain (17K tonnes), Italy (17K tonnes), Poland (12K tonnes), Greece (11K tonnes), Denmark (9.8K tonnes) and Hungary (7K tonnes) – together made up 18% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Poland, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wheat gluten importing markets in the European Union were Belgium ($209M), the Netherlands ($138M) and France ($72M), with a combined 64% share of total imports. These countries were followed by the UK, Germany, Italy, Spain, Poland, Greece, Denmark and Hungary, which together accounted for a further 30%.

Import Prices by Country

The wheat gluten import price in the European Union stood at $1,608 per tonne in 2018, growing by 8.2% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +3.4%.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Denmark ($1,741 per tonne) and France ($1,741 per tonne), while Spain ($1,193 per tonne) and the UK ($1,244 per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Belgium, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Archives, Global Trade Daily, Imports/Exports

Wheat Market in Africa – Key Insights

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

The revenue of the wheat market in Africa amounted to $15.5B in 2017, rising by 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The wheat consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, when it surged by 49% year-to-year. In that year, the wheat market attained its peak level of $21.9B. From 2012 to 2017, the growth of the wheat market remained at a somewhat lower figure.

Production in Africa

In 2017, approx. 27M tonnes of wheat were produced in Africa; picking up by 16% against the previous year. The total output volume increased at an average annual rate of +3.8% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 

Wheat Exports

The exports stood at 218K tonnes in 2017, declining by -20.4% against the previous year. The wheat exports continue to indicate a relatively flat trend pattern. In value terms, wheat exports amounted to $63M (IndexBox estimates) in 2017. 

Exports by Country

South Africa was the major exporting country with the volume of exports totaling around 79K tonnes, which amounted to 36% of total exports. It was distantly followed by Tanzania (44K tonnes), Liberia (35K tonnes), Kenya (16K tonnes) and Mauritius (15K tonnes), together comprising 51% share of total exports. Zimbabwe (9.3K tonnes) and Mozambique (5.3K tonnes) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Mauritius (+62.1% per year), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($31M) remains the largest wheat supplier in Africa, comprising 49% of global exports. The second position in the ranking was occupied by Tanzania ($11M), with a 18% share of global exports. It was followed by Liberia, with a 8.6% share.

Export Prices by Country

In 2017, the wheat export price in Africa amounted to $288 per tonne, coming down by -8.2% against the previous year. The the export price continues to indicate a relatively flat trend pattern.

Export prices varied noticeably by the country of destination; the country with the highest export price was Zimbabwe ($401 per tonne), while Liberia ($154 per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Zimbabwe (+11.5% per year), while the other leaders experienced more modest paces of growth.

Wheat Imports

In 2017, the amount of wheat imported in Africa totaled 46M tonnes, remaining stable against the previous year. The total import volume increased at an average annual rate of +1.9% from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations over the period under review.

In value terms, wheat imports stood at $10.2B (IndexBox estimates) in 2017. The wheat imports continue to indicate a relatively flat trend pattern. In that year, wheat imports attained their peak of $13.6B. From 2012 to 2017, the growth of wheat imports remained at a lower figure.

Imports by Country

In 2017, Egypt (13M tonnes), distantly followed by Algeria (8.1M tonnes), Nigeria (3.9M tonnes), Morocco (3.6M tonnes) and Sudan (2.2M tonnes) were the largest importers of wheat, together committing 66% of total imports. The following importers – Tunisia (1.9M tonnes), Kenya (1.9M tonnes), South Africa (1.7M tonnes), Libya (1.2M tonnes), Ghana (1.1M tonnes), Mozambique (748K tonnes) and Ethiopia (730K tonnes) together made up 20% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Ghana (+12.6% per year), while the other leaders experienced more modest paces of growth.

In value terms, Egypt ($2.3B), Algeria ($1.8B) and Nigeria ($1.3B) were the countries with the highest levels of imports in 2017, together accounting for 53% of total imports. Morocco, Sudan, Tunisia, Kenya, South Africa, Ghana, Libya, Ethiopia and Mozambique lagged somewhat behind, together accounting for a further 33%.

Import Prices by Country

In 2017, the wheat import price in Africa amounted to $221 per tonne, jumping by 5.6% against the previous year. The the wheat import price continues to indicate a slight descent. 

Import prices varied noticeably by the country of destination; the country with the highest import price was Nigeria ($342 per tonne), while Mozambique ($177 per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Libya (+8.6% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform