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Global Wheat Gluten Production Reduces Slightly but Exports Remain Robust

October 25, 2021
in Trading
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IndexBox has just published a new report: ‘World – Wheat Gluten – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

In 2020, global wheat gluten production reduced by -2.4% y-o-y to 1.1M tonnes. France, China and Belgium lead in world gluten manufacturing, with a combined 50%-share of its total volume. Global wheat gluten exports grew by +6% y-o-y to 928K tonnes in 2020. In value terms, world exports saw a drop, as the average wheat gluten export price decreased in the past year. Germany, Belgium and France were the largest gluten exporters in 2020. The UK and Poland recorded the highest export growth rates last year. Norway, Belgium, France and the Netherlands emerged as the countries with the highest per capita consumption figures. 

Global Wheat Gluten Production

In 2020, global wheat gluten production shrank slightly to 1.1M tonnes, falling by -2.4% on the year before. In value terms, wheat gluten production declined to $1.6B in 2020, estimated at export prices.

The countries with the highest volumes of wheat gluten production in 2020 were France (242K tonnes), China (159K tonnes) and Belgium (158K tonnes), together comprising 50% of global production. These countries were followed by Germany, Australia, Russia, Lithuania, the UK, Poland, Italy and Austria, which together accounted for a further 48%.

Wheat Gluten Exports by Country

Global wheat gluten exports amounted to 928K tonnes in 2020, increasing by 6% against the previous year. In value terms, wheat gluten exports dropped from $1.4B in 2019 to $1.3B (IndexBox estimates) in 2020.

In 2020, Belgium (135K tonnes), Germany (132K tonnes), France (125K tonnes), Australia (110K tonnes) and China (88K tonnes) were the major wheat gluten exporters in the world, together comprising 64% of total export. Poland (58K tonnes) occupied the next position in the ranking, followed by Russia (52K tonnes), Lithuania (50K tonnes), the UK (47K tonnes) and the Netherlands (43K tonnes). All these countries together took near 27% share of total exports.

In value terms, Germany ($211M), Belgium ($178M) and France ($170M) featured the highest levels of exports in 2020, together comprising 42% of global exports. These countries were followed by Australia, China, Poland, Lithuania, Russia, the UK and the Netherlands, which together accounted for a further 47%.

The UK (+88% y-o-y) and Poland (+33% y-o-y) saw the highest gluten export spikes in value terms. At the same time, the Netherlands (-28% y-o-y), Belgium (-20% y-o-y) and France (-14% y-o-y) recorded the most prominent drop in supplies abroad.

The average wheat gluten export price stood at $1,423 per tonne in 2020, decreasing by -9% against the previous year. Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Germany ($1,597 per tonne) and Australia ($1,525 per tonne), while the UK ($1,274 per tonne) and China ($1,283 per tonne) were amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced a decline in the export price figures.

Wheat Gluten Consumption by Country

In 2020, the highest levels of wheat gluten per capita consumption were registered in Norway (39 kg per person), followed by Belgium (4.38 kg per person), France (2.61 kg per person) and the Netherlands (2.21 kg per person). The world average per capita consumption of wheat gluten was estimated at 0.15 kg per person.

Source: IndexBox Platform

Credit: Source link

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