Analysis of global wheat demand reveals that China, India, and Russia lead the pack with substantial volumes. For instance, in 2024, China and India accounted for a significant share—China alone demanded 129.37 million metric tons. Over the past two years, notable trends include a sharp rise in Vietnam’s demand by 4.27% and Bangladesh’s by 3.75%, while Ukraine's demand saw a significant reduction by 1.96%. Other countries like the United States and France had slight declines by -0.17% and -0.42%, respectively.
Looking ahead, future trends in global wheat demand should focus on:
- Continued demand surge in developing countries like Vietnam and Bangladesh.
- Potential decreases or stagnation in countries facing political or economic instability such as Ukraine.
- Monitoring the impact of climate change on agricultural output affecting supply and consequently, demand dynamics in various countries.
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 129,370 | 2023 | 0% | 0% | View data |
| 2 | 2 India | 97,730 | 2023 | +0.54% | +0.48% | View data |
| 3 | 3 Russia | 37,040 | 2023 | -0.37% | +2.7% | View data |
| 4 | 4 United States | 33,550 | 2023 | +0.69% | -0.17% | View data |
| 5 | 5 Pakistan | 25,720 | 2023 | +0.27% | +0.21% | View data |
| 6 | 6 France | 19,120 | 2023 | -0.11% | -0.42% | View data |
| 7 | 7 Egypt | 17,160 | 2023 | -0.88% | -0.6% | View data |
| 8 | 8 United Kingdom of Great Britain and Northern Ireland | 16,860 | 2023 | |||
| 9 | 9 Germany | 16,470 | 2023 | -0.5% | +0.23% | View data |
| 10 | 10 Iran | 14,400 | 2023 | +0.11% | +0.19% | View data |
