The global wheat market in 2023 saw China leading with a volume of 94.88 million metric tons, followed by India and the United States, indicating strong demand and production capabilities in these regions. Significant year-on-year growth was observed in countries like Ukraine (0.85%) and Ethiopia (1.07%), while Brazil experienced a decline (-0.32%). Emerging markets like Indonesia showed remarkable growth (2.08%), suggesting increasing consumption.
Future trends to watch include the ongoing expansion in African markets, driven by population growth in countries like Nigeria and Ethiopia. Additionally, economic recovery and dietary shifts in Asia, particularly in Indonesia and Vietnam, could significantly impact the global wheat demand dynamics. Sustainability practices and climate change impacts on wheat production will be crucial factors affecting long-term supply stability and market trends.
Top countries in Wheat Market Size Volume by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 94,880 | 2023 | +0.27% | +0.21% | View data |
| 2 | 2 India | 85,560 | 2023 | +0.55% | +0.48% | View data |
| 3 | 3 United States | 26,770 | 2023 | +0.25% | +0.18% | View data |
| 4 | 4 Pakistan | 23,470 | 2023 | +0.31% | +0.22% | View data |
| 5 | 5 Russia | 19,550 | 2023 | -0.041% | +0.49% | View data |
| 6 | 6 Egypt | 14,540 | 2023 | +0.49% | +0.4% | View data |
| 7 | 7 Iran | 12,340 | 2023 | +0.081% | +0.16% | View data |
| 8 | 8 Brazil | 11,400 | 2023 | +0.3% | -0.32% | View data |
| 9 | 9 Indonesia | 10,910 | 2023 | +1.72% | +2.08% | View data |
| 10 | 10 Italy | 8,810 | 2023 | -0.068% | -0.029% | View data |
