What this market covers
Wheat is a major cereal grain grown for flour, feed and industrial use. Millers, bakers, traders and food makers buy it in bulk.
Typical segments
- Common wheat
- Durum wheat
- Spring wheat
- Winter wheat
Why this market is moving now
- World trade grew 19% from 2019 to 2024, a direct read on cross-border demand.
- Australia is gaining ground: its exports rose 115% from 2019 to 2024, the fastest among the ten largest exporters.
Key figures
Global figures for this market, with the year each one describes. Use Cite to copy a reference to this page.
| Figure | Value | Year | Cite |
|---|---|---|---|
| World exports of wheat (HS 100199) were worth $43.81 billion in 2024. | 43.81 USD billion | 2024 | |
| World exports were 19% higher in 2024 than in 2019 ($36.86 billion), calculated from the annual totals. | +19 % since 2019 | 2024 | |
| Canada was the largest exporter in 2024, with 13% of world exports ($5.83 billion). | 13 % of world exports | 2024 | |
| The three largest exporters, Canada, the United States and Australia, shipped 38% of world exports in 2024. | 38 % of world exports | 2024 | |
| Indonesia was the largest importer in 2024, buying $3.25 billion, or 7% of world imports. | 7 % of world imports | 2024 | |
| 50 countries exported more than $1 million of this product in 2024. | 50 countries | 2024 | |
| The average world export price was about $0.26 per kilogram in 2024, calculated from value and weight. | 0.26 USD per kg | 2024 | |
| Countries exported 171.08 million tonnes of this product in 2024. | 171.08 million tonnes | 2024 | |
| Among the ten largest exporters, Australia grew fastest, with exports up 115% from 2019 to 2024. | +115 % since 2019 | 2024 |
Calculated figures (shares, changes and prices per kilogram) are plain arithmetic on the reported values. Read how we work.
Buyers and suppliers
Who buys
- Flour millers
- Grain traders
- Food processors
Largest exporting countries, 2024
Largest importing countries, 2024
Company and country rankings
What the full report covers
- 01Executive summary
The answer in one page: size, direction and what moves it - 02Market definition and scope
What is in and out of the global market - 03Global market size, 2021 to 2025
Historical series and growth rates - 04Countries and regions
Demand, supply and trade by country and region - 05Outlook to 2031
Base, low and high scenarios with stated assumptions - 06Rules, policy and deadlines
Regulation and programmes that change demand - 07Drivers and barriers
What accelerates or slows adoption, by customer segment - 08Prices, costs and margins
Unit economics where public data allows - 09Competitive landscape
8 to 12 company profiles with recent moves - 10Opportunities and risks
For new entrants, suppliers and investors - 11Method and assumptions
How every figure was built
Included with the full report
- PDF report, 40 to 60 pages
- Excel data pack
- Ready-to-use charts
- Method note and assumptions
- Written to order in 5 working days
Frequently asked questions
How big is the global wheat market?
There is no single official market total. World exports of HS 100199 reached $43.81 billion in 2024, a direct measure of cross-border trade.
Which countries export the most wheat?
Canada led world exports in 2024 with 13% of the total, followed by the United States, Australia and Russia.
Which countries import the most wheat?
Indonesia was the largest importer in 2024, followed by China, the Philippines and Brazil.
Is world trade in wheat growing?
World exports were 19% higher in 2024 than in 2019.
What is the average export price of wheat?
Dividing world export value by weight gives about $0.26 per kilogram in 2024.
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