South America Wheat Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.50 % |
South America Wheat Market Analysis
The South American wheat market is projected to register a CAGR of 4.5% during the forecast period (2020-2025). Wheat is one of the crops which are produced on a mass scale, apart from maize, in South American countries. According to FAO, South America produced about 27 million metric tons of wheat in 2018. Major producers of wheat in South America are Argentina, Brazil, Chile, Paraguay, Uruguay, and Peru. Argentina is the highest producer and exporter of wheat in South America. This local demand is likely to drive the market during the forecast period.
South America Wheat Market Trends
This section covers the major market trends shaping the South America Wheat Market according to our research experts:
Argentina Dominates in Terms of Production Volume
Argentina is the largest producer of wheat in South America, with 18.51 million metric ton in 2018. According to FAO, it is the 7th largest exporter of wheat in the world. It exported around 11.72 million metric ton in 2018. Major importers of Argentinian wheat are Brazil, Algeria, Indonesia, Chile, Thailand, Peru, and Kenya. Brazil is the top importer of Argentina wheat with almost 50% of Argentina's exports, which was 5.91 million metric ton. Climatic conditions and Argentina's quality soil is the key reason behind its hefty wheat production.
Brazil is the Largest Importer of Wheat in the Region
Even though Brazil is the second-largest producer of wheat in South America with 5.5 million metric ton in 2018, the country has to depend on imports to meet domestic demand. According to ITC Trade data, Brazil is the 7th largest importer of wheat in the world, the country imported around 6.5 million metric ton in 2019. Brazil mainly imports from Argentina, being a regional exporter, the costs of importing from Argentina is much lesser than cross border imports. North American imports are also increasingly becoming popular, in 2019 around 425,038 metric ton of wheat were imported from the United States. Brazil has the potential to turn into a wheat exporting country from an importing one. Introduction of new-age technology, efficient utilization of available land area, and support of public policy will ensure the growth of wheat production in the region during the forecast period.
South America Wheat Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Introduction to Market Drivers and Restraints
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4.3 Market Drivers
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4.4 Market Restraints
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4.5 Value Chain Analysis
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4.6 PESTLE Analysis
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5. MARKET SEGMENTATION
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5.1 Geography
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5.1.1 Argentina
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5.1.1.1 Production Analysis
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5.1.1.2 Consumption Analysis and Market Value
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5.1.1.3 Import Market Analysis (Volume and Value)
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5.1.1.4 Export Market Analysis (Volume and Value)
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5.1.1.5 Price Trend Analysis
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5.1.2 Brazil
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5.1.2.1 Production Analysis
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5.1.2.2 Consumption Analysis and Market Value
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5.1.2.3 Import Market Analysis (Volume and Value)
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5.1.2.4 Export Market Analysis (Volume and Value)
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5.1.2.5 Price Trend Analysis
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5.1.3 Chile
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5.1.3.1 Production Analysis
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5.1.3.2 Consumption Analysis and Market Value
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5.1.3.3 Import Market Analysis (Volume and Value)
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5.1.3.4 Export Market Analysis (Volume and Value)
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5.1.3.5 Price Trend Analysis
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5.1.4 Paraguay
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5.1.4.1 Production Analysis
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5.1.4.2 Consumption Analysis and Market Value
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5.1.4.3 Import Market Analysis (Volume and Value)
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5.1.4.4 Export Market Analysis (Volume and Value)
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5.1.4.5 Price Trend Analysis
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6. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Wheat Industry Segmentation
The South American wheat market is segmented by geography (Argentina, Brazil, Chile, Paraguay, and Rest of South America). For the purpose of this report, wheat grains have been considered for the analysis of production, consumption, and trade.
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South America Wheat Market Research FAQs
What is the current South America Wheat Market size?
The South America Wheat Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)
What years does this South America Wheat Market cover?
The report covers the South America Wheat Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Wheat Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Wheat Industry Report
Statistics for the 2024 South America Wheat market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Wheat analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
