Key Market Indicators
Argentina is set to consume more wheat over the next five years, according to recent estimates. Demand is forecasted to reach 4.7 million metric tons by 2026, a 0.4% average annual increase since 2017. Argentina currently ranks 21st in wheat consumption, with Spain ahead at 4.6 million metric tons. India, the United States and Pakistan rank 2nd, 3rd and 4th respectively. Production is estimated to reach 23.2 million metric tons by 2026, a 2.2% compound annual growth rate since 1966. Argentina currently ranks 10th in wheat production, with Germany ahead at 20.4 million metric tons. India, Russia and the United States come in 2nd, 3rd and 4th respectively.
