Key Market Indicators
Iran's wheat consumption is projected to reach 12 million metric tons by 2026. This marks a 0.1% year-on-year growth from 2021, when it stood at 12.3 million metric tons. Since 2017, Iranian demand has risen by 0.2% on an annual basis. In 2021, Iran ranked 7th, with Egypt overtaking it at 12.3 million metric tons. India, the US and Pakistan took the top 3 spots in the ranking. Meanwhile, Iran's wheat production is estimated to reach 19 million metric tons by 2026, up 2% from 2021's 16.9 million metric tons. Since 1966, Iranian supply has increased by 3.1% annually. In 2021, Australia overtook Iran at 16.9 million metric tons, with the latter ranking 12th. India, Russia and the US were the top 3 countries in the ranking.