Wheat and meslin flour and cereals market in Australia and New Zealand

Earlier Report Observations

The wheat and meslin flour market in Australia and New Zealand showed a variable trajectory from 2018 to 2023, beginning at 2 393 thousand tons in 2018 and climbing to 2 622 thousand tons by 2023. After a modest rise in 2019, volume stabilized in 2020 before contracting in 2021.

Market volume dipped in 2021, influenced by a slight curtailment of consumption in New Zealand that ended a multi-year upward trend. A strong rebound followed in 2022, with volume surging by 159 thousand tons, propelled by pronounced demand growth in the Asia-Pacific region, reinforced by regional trade partnerships, and accompanied by global agricultural commodity inflation that affected market conditions.

Growth continued through 2023, with the market expanding a further 138 thousand tons, reflecting sustained regional demand dynamics.

Production wheat and meslin flour and cereals in Australia and New Zealand

In kind, 2018-2021, K t

Top producers of wheat and meslin flour and cereals, 2018-2021

World map of production of wheat and meslin flour and cereals, 2018-2021

Australia and New Zealand have seen their production of wheat and meslin flour and cereals decline for the second year in a row. In 2021, output reached 2 356 K t, marking a slight decrease of 1.7% compared to the previous year. Looking at the period from 2018 to 2021, production fell by 2.3%, which translates to an average annual decline of 0.8%. The highest production level was recorded in 2019 at 2 423 K t, with the largest year-on-year increase of 0.5% also occurring that year.

Annual dynamics of production in Australia and New Zealand in kind, 2018-2021, K t

Exports wheat and meslin flour and cereals from Australia and New Zealand

Exports in kind, t

Exports of wheat and meslin flour and cereals from Australia and New Zealand have increased for the second consecutive year. In 2021, shipments abroad totaled 62 339 t, representing a significant jump of 61.5% from the year before. Over the 2018-2021 period, exports grew by 25%, averaging an annual growth rate of 7.7%. The lowest export volume was in 2019 at 33 574 t, which also saw the sharpest decline of 32.7%.

Annual dynamics of product's exports from Australia and New Zealand in kind, 2018-2021, t

An analysis of export volumes from 2018 to 2021 reveals a wide distribution across numerous markets. Papua New Guinea accounted for 21.7% of exports, while China and Thailand each contributed 8.8%. Together, these three countries made up 39.3% of total flows, with the remaining 60.7% spread among various other trading partners.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Australia and New Zealand in kind, 2018-2021

Exports in value, K $ US

Following a two-year decline, wheat and meslin flour and cereals exports from Australia and New Zealand have rebounded. In 2021, export value stood at 19 989 K $ US, showing a modest increase of 0.7% compared to 2020. Over the 2018-2021 timeframe, exports decreased by 15.2%, with an average annual decline of 5.4%. The lowest value was recorded in 2020 at 19 850 K $ US, while the largest drop occurred in 2019 at 14.8%.

Annual dynamics of product's exports from Australia and New Zealand in value, 2018-2021, K $ US

From 2018 to 2021, China, Thailand, and Papua New Guinea were the top buyers of wheat and meslin flour and cereals from Australia and New Zealand in value terms, accounting for 11.3%, 10.8%, and 9.0% of exports, respectively. However, their combined share was just 31.0% of total export value, indicating a highly diversified market structure.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Australia and New Zealand in value, 2018-2021

Imports wheat and meslin flour and cereals to Australia and New Zealand

Imports in kind, t

After rising for two years, imports of wheat and meslin flour and cereals into Australia and New Zealand have declined. In 2021, import volume reached 31 437 t, reflecting a sharp contraction of 43.8% from the previous year. Between 2018 and 2021, imports decreased by 2.4%, averaging an annual decline of 0.8%. The peak import volume was in 2020 at 55 984 t, with the largest increase of 58.2% recorded in 2019.

Annual dynamics of product's imports to Australia and New Zealand in kind, 2018-2021, t

During the 2018-2021 period, India, Italy, and Argentina were the main sources for imports in kind, representing 41.0%, 19.5%, and 9.0% of total flows, respectively. Together, these three countries accounted for 69.6% of all imports.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Australia and New Zealand in kind, 2018-2021

Imports in value, K $ US

Imports of wheat and meslin flour and cereals into Australia and New Zealand have fallen after two years of growth. In 2021, import value amounted to 24 345 K $ US, marking a decrease of 35.6% year-on-year. The highest import value was in 2020 at 37 788 K $ US, with the largest increase of 30.9% occurring in 2019.

Annual dynamics of product's imports to Australia and New Zealand in value, 2018-2021, K $ US

From 2018 to 2021, India, Italy, and Germany were the three principal markets for imports in value terms, collectively accounting for 64.7% of total wheat and meslin flour and cereals imports into Australia and New Zealand.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Australia and New Zealand in value, 2018-2021