The European market for wheat groats and meal displays a diverse landscape, with Italy leading significantly, producing over 2.6 billion kg as of 2023. Despite a year-on-year decline of 5.72%, Italy maintains a commanding position. Spain and Germany follow suit with slight positive growth, highlighting their stable market presence. Notably, Hungary, Greece, and Finland showed strong growth, each over 6%, reflecting their expanding production capacities. Conversely, Austria and Sweden experienced substantial contractions, with Austria down by 30.82% and Sweden by 35.97%, which suggests market challenges or realignments in production priorities.
Looking forward, the forecasted trends for 2024 suggest stabilization in Italy’s production while maintaining volume leadership. Continued growth in smaller markets like Hungary, Greece, and Finland might signify emerging players in the European market for wheat groats and meal. A key trend to watch is the potential recovery or further decline in Austria and Sweden, as these could impact the competitive dynamics within the continent. Overall, steady or increasing production in certain regions suggests a resilient market outlook amid varying growth rates across countries.
Top countries in Sold Production of Wheat Groats and Meal by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 2,613,500,000 | 2023 | +6.23% | -5.72% | View data |
| 2 | 2 Spain | 398,320,000 | 2023 | +2% | +2.01% | View data |
| 3 | 3 Germany | 259,770,000 | 2023 | +0.25% | +2.82% | View data |
| 4 | 4 France | 112,910,000 | 2023 | -10.37% | -5.27% | View data |
| 5 | 5 Hungary | 55,357,000 | 2023 | +3.9% | +6.08% | View data |
| 6 | 6 Greece | 33,843,000 | 2023 | +0.74% | +6.87% | View data |
| 7 | 7 Finland | 32,226,000 | 2023 | +17.32% | +6.7% | View data |
| 8 | 8 Serbia | 20,213,000 | 2023 | -0.27% | -6.43% | View data |
| 9 | 9 Austria | 10,297,000 | 2023 | -4.82% | -30.82% | View data |
| 10 | 10 Denmark | 9,865,100 | 2023 | +5.24% | +6.57% | View data |
