South America Wheat Market Trends

Statistics for the 2023 & 2024 South America Wheat market trends, created by Mordor Intelligence™ Industry Reports. South America Wheat trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Single User License

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Team License

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Corporate License

$8750

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Market Trends of South America Wheat Industry

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.

South America Wheat Market

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

South America Wheat Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)