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The Australia wheat market attained a volume of 6.81 million tons in 2023. The market is further projected to grow at a CAGR of 1.1% between 2024 and 2032, reaching a volume of 7.56 million tons by 2032.
One of the primary factors driving the Australia wheat market growth is increasing demand for high-quality wheat and Australia is a leading wheat exporter, primarily to countries in Asia Pacific and North American regions. According to statistics, Australia produces 4% of the world’s wheat (about 25 million tonnes per annum) but accounts for 10-15% of the world’s 100 million tonne annual global wheat trade.
Moreover, there are various types of wheat produced in Australia, including Australian Prime Hard (APH), Australian Hard (AH), Australian Premium White (APW), Australian Noodle Wheat (ANW), Australian Standard White (ASW), Australian Premium Durum (ADR), and Australian Soft (ASFT). Due to wide variety of wheat availability, the food and beverage sector utilises the grain to produce breads, noodles, and pastas.
Despite a drying and warming climate, wheat yields in Australia are increasing due to the efforts of plant breeders, agronomists, farmers, and agricultural engineers. The best yields are observed in more southern or higher rainfall regions. In 2022, the favourable combination of an 8% increase in the area sown to wheat and timely rainfall resulted in record-high crop. South Australia also experienced a favourable season, with wheat production up by 19% to 4.8 million tonnes, which has helped in increasing the Australia wheat market share.
In terms of policies, regulations such as the Mandatory Port Access Code of Conduct for Grain Export Terminals aim to promote an efficient and profitable wheat export industry by ensuring fair and transparent port terminal access for all exporters. This facilitates seamless export of wheat.
In applications, feed application segment includes the use of wheat in animal feed, providing a source of nutrition for livestock. Food applications segment includes the use of wheat in various food products, such as bread, noodles, and bakery items. Meanwhile, biofuel applications involve the use of wheat in the production of biofuels, such as ethanol.
Australia Wheat Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Application
Market Breakup by Region
Market players are engaged in increasing their production of wheat to capitalise on export and strengthen their market presence.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Wheat Market Overview
8.1 Key Industry Highlights
8.2 Australia Wheat Historical Market (2018-2023)
8.3 Australia Wheat Market Forecast (2024-2032)
9 Australia Wheat Market by Type
9.1 Whole/Raw
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Flour
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Others
10 Australia Wheat Market by Application
10.1 Feed
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Food
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Biofuel
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Australia Wheat Market by Region
11.1 New South Wales
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Victoria
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Queensland
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Australian Capital Territory
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Western Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicator for Demand
12.4 Key Indicator for Price
13 Value Chain Analysis
14 Trade Data Analysis (HS Code - 100110)
14.1 Major Importing Countries
14.1.1 By Volume
14.1.2 By Value
14.2 Major Exporting Countries
14.2.1 By Volume
14.2.2 By Value
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Australian Seed & Grain - WA Moora
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Wholegrain Milling Co.’s
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Manildra Flour Mills Pty. Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 FPM Cereal Milling Systems Pty Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Four Leaf Milling
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Golden Grain Flour Mills
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Bellata Gold farms
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Sam Mills Pty Ltd.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Wheat Market: Key Industry Highlights, 2018 and 2032
2. Australia Wheat Historical Market: Breakup by Type (Million Tons), 2018-2023
3. Australia Wheat Market Forecast: Breakup by Type (Million Tons), 2024-2032
4. Australia Wheat Historical Market: Breakup by Application (Million Tons), 2018-2023
5. Australia Wheat Market Forecast: Breakup by Application (Million Tons), 2024-2032
6. Australia Wheat Historical Market: Breakup by Region (Million Tons), 2018-2023
7. Australia Wheat Market Forecast: Breakup by Region (Million Tons), 2024-2032
8. Major Importing Countries by Volume
9. Major Exporting Countries by Volume
10. Major Importing Countries by Value
11. Major Exporting Countries by Value
12. Australia Wheat Market Structure
In 2023, the market reached an approximate volume of 6.81 million tons.
The market is expected to grow at a CAGR of 1.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach 7.56 million tons by 2032.
The market is being driven due to country’s favourable climate, rise in wheat production levels, and rising global demand for wheat as a grain.
Key trends aiding the market expansion are production of wide variety of wheat, focus on water-efficient agriculture practices, and rising export of wheat to other regions.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Different applications of wheat are feed, food, and biofuel, among others.
In types of wheat, whole/raw and flour are considered in the report.
Key players in the market are Australian Seed & Grain - WA Moora, Wholegrain Milling Co.’s, Manildra Flour Mills Pty. Ltd., FPM Cereal Milling Systems Pty Ltd., Four Leaf Milling, Golden Grain Flour Mills, Bellata Gold farms, and Sam Mills Pty Ltd., among others.
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