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Import News
24-03-2025
In 2023, global wheat imports amounted to a total of $64.7 billion in international transactions.
The overall value of wheat imports across all purchasing nations surged by 45.9% compared to 2019, when total wheat purchases stood at $44.3 billion.
However, from 2022 to 2023, worldwide expenditure on imported wheat declined by 15.5%, dropping from $76.5 billion in the previous year.
The top five wheat-importing nations—mainland China, Egypt, Indonesia, Türkiye, and Italy—collectively accounted for 28.6% of the total wheat imports recorded in 2023.
From a continental standpoint, Asia emerged as the leading importer of wheat in 2023, with purchases valued at $28.4 billion, representing 44% of the global total.
Following Asia, Africa ranked second with 23.6%, while Europe accounted for 20.3% of global wheat imports.
Other regions recorded smaller shares:
· Latin America (excluding Mexico but including the Caribbean) accounted for 7.8%
· North America made up 3.6%
· Oceania, led by New Zealand and Papua New Guinea, contributed 0.6%
For classification purposes, wheat and meslin fall under the Harmonized Tariff System (HTS) code 1001.
Leading Wheat Importers in 2023
Here are the 15 largest wheat-importing nations based on total value in 2023:
1. Mainland China – $4.3 billion (6.7% of total wheat imports)
2. Egypt – $3.77 billion (5.8%)
3. Indonesia – $3.76 billion (5.8%)
4. Türkiye – $3.5 billion (5.5%)
5. Italy – $3.1 billion (4.9%)
6. Spain – $2.8 billion (4.4%)
7. Nigeria – $2.04 billion (3.2%)
8. Philippines – $1.99 billion (3.1%)
9. Japan – $1.93 billion (3%)
10. Morocco – $1.91 billion (3%)
11. Algeria – $1.8 billion (2.8%)
12. South Korea – $1.7 billion (2.6%)
13. Germany – $1.5 billion (2.3%)
14. Mexico – $1.4 billion (2.2%)
15. Thailand – $1.3 billion (2.1%)
Among these nations, the fastest-growing wheat import markets from 2022 to 2023 were:
· Thailand (+95.6%)
· Spain (+54.6%)
· Mainland China (+13.9%)
· Italy (+12.3%)
On the other hand, the biggest declines in wheat imports were observed in:
· Algeria (-31.3%)
· Morocco (-25.3%)
· Japan (-23.4%)
· Philippines (-22.8%)
Collectively, these 15 nations were responsible for 57.3% of all wheat imports in 2023.
Key Wheat Importing Companies in 2024
The following companies were among the top wheat importers in 2024, based on their market share and total purchase value:
1. PT Indofood Sukses Makmur – 6.2%, $1,346.01 million
2. Flour Mills of Nigeria FZE – 3.2%, $695.32 million
3. PT Bungasari Flour Mills Indonesia – 1.89%, $411.13 million
4. Crown Flour Mills Limited – 1.81%, $392.3 million
5. Grupo Trimex – 1.65%, $358.34 million
6. Nabil Auto Flour Mill – 1.56%, $338.51 million
7. Công Ty Cổ Phần Tiến Hưng – 1.55%, $335.27 million
8. ADM Mexico – 1.45%, $315.24 million
9. Cargill – 1.44%, $311.49 million
10. Directorate of Food – 1.24%, $268.61 million
These companies play a crucial role in the global wheat supply chain, facilitating distribution and ensuring steady access to wheat for various markets worldwide.
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