In 2023, Japan led global wheat imports with 5.65 million metric tons, followed by Mexico at 5.28 million metric tons. Vietnam showed the most significant year-on-year growth rate at 2.42%, while Japan saw a slight decline of 0.21%. The United States, despite being a major producer, imported 3.47 million metric tons. Australia's wheat imports remain minimal at just 0.02832 million metric tons. Over the last five years, South Africa exhibited a strong growth trend with a CAGR reflecting a 2.82% annual increase.
Future trends to monitor include geopolitical tensions impacting trade agreements, climate change affecting production in major exporting countries, and technological advancements in agriculture that could shift the demand and supply dynamics globally. Additionally, changing dietary patterns and population growth in emerging markets may influence further increases in wheat imports.
Top countries in Wheat Imports, Forecast 2020-2029 by Country
| # | 8 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 5,650 | 2029 | -0.19% | -0.21% | View data |
| 2 | 2 Mexico | 5,280 | 2029 | +1.19% | +0.92% | View data |
| 3 | 3 Vietnam | 4,740 | 2029 | +1.93% | +2.42% | View data |
| 4 | 4 United States | 3,470 | 2029 | +0.63% | +0.72% | View data |
| 5 | 5 Israel | 1,970 | 2029 | +1.26% | +1.29% | View data |
| 6 | 6 South Africa | 1,880 | 2029 | +2.81% | +2.82% | View data |
| 7 | 7 Russian Federation | 327.46 | 2024 | |||
| 8 | 8 Australia | 28.32 | 2029 | -0.011% | +0.016% | View data |
