Wheat and meslin market in Armenia

Earlier Report Observations

The wheat and meslin market in Armenia displayed considerable volatility in volume between 2018 and 2023. The market size peaked at 512.7 thousand tons in 2018, then contracted sharply to 364.9 thousand tons the following year.

A recovery followed in 2020, lifting consumption to 482.2 thousand tons, but another decline occurred in 2021, bringing the market down to 367.2 thousand tons. The subsequent years saw strong growth, with the market expanding to 499.7 thousand tons in 2022 and reaching 521.3 thousand tons in 2023, the highest level in the period.

This pattern resulted in a net increase of about 1.7% from 2018 to 2023, though the path was marked by significant swings of over 30% in consecutive years.

Production wheat and meslin in Armenia

In kind, 2017-2020, K t

Top producers of wheat and meslin, 2017-2020

World map of production of wheat and meslin, 2017-2020

In 2019, Armenia produced 112.6 thousand tons of wheat and meslin, which was the lowest level during this period. Production then increased by 17.2% in 2020, reaching 132.0 thousand tons. Looking at the broader timeframe from 2017 to 2020, overall production declined by 25.2%, averaging an annual decrease of 9.2%. The peak was recorded in 2018 at 187.5 thousand tons, while the sharpest drop occurred in 2019 with a 39.9% decline.

Annual dynamics of production in Armenia in kind, 2017-2020, K t

Exports wheat and meslin from Armenia

Exports in kind, K t

The market showed considerable volatility throughout the period. In 2018, Armenia's wheat and meslin exports hit their lowest point at 0.0 thousand tons, marking a 52.8% decrease. By 2020, exports rebounded sharply to 0.1 thousand tons, representing a 286.8% increase from 2019. Overall, there was a 6.7-fold difference between the peak in 2020 and the trough in 2018.

Annual dynamics of product's exports from Armenia in kind, 2017-2020, K t

Between 2017 and 2020, the United States and Russia were the primary destinations for Armenia's wheat and meslin exports in volume terms, together accounting for 81.9% of total shipments. Other trading partners individually played much smaller roles.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Armenia in kind, 2017-2020

Exports in value, K $ US

Market behavior was highly volatile during these years. In 2018, wheat and meslin exports from Armenia reached their lowest value at 5 thousand US dollars, with a 72.0% decline. By 2020, exports surged to 30 thousand US dollars, a 175.1% increase from the previous year. This resulted in a sixfold fluctuation between the peak in 2020 and the trough in 2018.

Annual dynamics of product's exports from Armenia in value, 2017-2020, K $ US

From 2017 to 2020, the United States and France emerged as the dominant markets for Armenia's wheat and meslin exports in value terms, jointly representing 80.9% of total export revenue. The remaining share was distributed among other countries.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Armenia in value, 2017-2020

Imports wheat and meslin to Armenia

Imports in kind, K t

In 2019, Armenia's wheat and meslin imports dropped to 252.3 thousand tons, the lowest level during this period, with a 22.4% decline. By 2020, imports rebounded to 350.3 thousand tons, a 38.8% increase from the prior year. Over the entire 2017-2020 timeframe, imports grew by 16.4%, averaging an annual growth rate of 5.2%.

Annual dynamics of product's imports to Armenia in kind, 2017-2020, K t

Throughout 2017-2020, Russia was the overwhelmingly dominant source for Armenia's wheat and meslin imports in volume terms, accounting for 96.8% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Armenia in kind, 2017-2020

Imports in value, K $ US

In 2019, Armenia's wheat and meslin import value fell to 50 851 thousand US dollars, a 19.1% decrease and the lowest point in the period. By 2020, import value jumped to 72 416 thousand US dollars, showing a strong year-on-year increase of 42.4%. Over the 2017-2020 span, import value rose by 19.6%, with an average annual growth rate of 6.2%.

Annual dynamics of product's imports to Armenia in value, 2017-2020, K $ US

From 2017 to 2020, Russia dominated Armenia's wheat and meslin import structure in value terms, holding a 96.5% share of total import expenditures.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Armenia in value, 2017-2020