In 2023, China led the global wheat import share, followed by Egypt and Indonesia. China showed significant import growth at 30.71%, while Egypt and Indonesia saw slight declines. Notably, Morocco and Saudi Arabia recorded double-digit growth, with Morocco increasing by 11.78% and Saudi Arabia by 10.91%. Iran's imports surged by 84.04%, and Kazakhstan's imports grew markedly by 89.89%, while Pakistan experienced a phenomenal increase of 298.11%. On the other hand, notable declines included Ethiopia and Australia, with reductions of 15.59% and 16.78%, respectively.
Future trends to watch include China's potential continued growth in wheat imports as it further solidifies its position as a top importer. Iran, Kazakhstan, and Pakistan's sharp upticks suggest an increasing demand that could shift the global wheat market dynamics. Monitoring these countries' import policies and agricultural developments will be crucial.
Top countries in Wheat Import Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 5.86 | 2023 | -9.65% | +30.71% | View data |
| 2 | 2 Egypt | 5.62 | 2023 | +2.49% | -1.42% | View data |
| 3 | 3 Indonesia | 4.89 | 2023 | +4.98% | -1.77% | View data |
| 4 | 4 Algeria | 4.25 | 2023 | +6.87% | +2.97% | View data |
| 5 | 5 Morocco | 3.18 | 2023 | +4.15% | +11.78% | View data |
| 6 | 6 Philippines | 2.88 | 2023 | +2.73% | -4.86% | View data |
| 7 | 7 Bangladesh | 2.83 | 2023 | +13.28% | +2.61% | View data |
| 8 | 8 Brazil | 2.74 | 2023 | +19.71% | -4.42% | View data |
| 9 | 9 Japan | 2.69 | 2023 | +0.88% | -0.8% | View data |
| 10 | 10 Mexico | 2.64 | 2023 | +0.056% | +2.13% | View data |
