Wheat Flour Market Overview in China
In value terms, wheat flour production reduced slightly to $ in 2019 estimated in export prices. Overall, the total production indicated a temperate expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -% against 2015 indices. The growth pace was the most rapid in 2008 when the production volume increased by % year-to-year. Wheat flour production peaked at $ in 2015; however, from 2016 to 2019, production remained at a lower figure.
The revenue of the wheat flour market in China reduced modestly to $ in 2019, which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 when the market value increased by % y-o-y. Over the period under review, the market hit record highs at $ in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.