Today, we’re going to be talking about Flour Top Import & Export Countries and more.
Flour is a powder made by grinding raw grains, roots, beans, nuts, or seeds. Flours are used to make many different foods. Cereal flour, particularly wheat flour, is the main ingredient of bread, which is a staple food for some cultures. Corn flour has been important in Mesoamerican cuisine since ancient times and remains a staple in the Americas. Rye flour is a constituent of bread in central and northern Europe.
Cereal flour consists either of the endosperm, germ, and bran together or of the endosperm alone which is refined flour. The meal is either differentiable from flour as having slightly coarser particle size or is synonymous with flour; the word is used both ways. For example, the word cornmeal often connotes a grittier texture whereas corn flour connotes fine powder, although there is no codified dividing line. The CDC has cautioned not to eat raw flour doughs or batters. Raw flour can contain bacteria like E. coli and needs to be cooked like other foods.
If you’re new to the Big Man Business Youtube Channel, please subscribe and turn on the notification bell to receive updates on new business expert videos. For more International Business news and updates, please visit www.BigManBusiness.com.
Flour Exports by Country
Global sales for all types of exported flours totaled 6.5 billion dollars during 2020. That dollar amount reflects a 5.9 percent increase since 2016 when flour exports were worth 6.2 billion dollars.
From 2019 to 2020, globally exported flours declined in value by minus 2.3 percent.
The 5 biggest exporters of flours are Turkey, Kazakhstan, Germany, United States, and Italy. Collectively, that cohort of suppliers generated 38.2 percent of flours sold on international markets during 2020.
A granular food powder made via grinding raw grains or roots, flour is a key ingredient in such dietary staples as bread, pastries, and stews.
Different types of flours in 2020: Approaching three quarters or 71.5 percent of globally exported flour was made from wheat or meslin flour, while 16.3 percent was derived from other cereals excluding wheat and meslin. 10.6 percent of the overall total is attributable to peas, beans, lentils, and other dried leguminous vegetables whereas 1.7 percent was potato based.
From a continent perspective, 2.5 billion dollars or 43.8 percent worth of worldwide flour exports during 2020 originated in Asia, trailed by suppliers in Europe with 31.8 percent and North America with 10 percent. Latin America plus the Caribbean was responsible for 8.4 percent of international flour sales total.
A smaller percentage came from African exporters 5.8 percent. Another 0.5 percent was sourced from shippers in Oceania led by Australia and New Zealand.
Flour Imports by Country
Globally, flour imported during 2020 generated a total 47.4 billion dollars in international purchases. The overall value of imported flour for all buying countries rose by an average 13.7 percent since 2016 when the world’s tally for flour purchases equaled 41.7 billion dollars. From 2019 to 2020, the global bill paid for imported wheat accelerated by 7.5 percent.
The 5 biggest buyers of flour which are Egypt, Indonesia, Turkey, China, and Nigeria purchased a quarter or 25.2 percent of overall flour imports in 2020.
Among continents, Asian countries accounted for the highest dollar worth of overall flour imported during 2020 with purchases valued at 20.3 billion dollars or 42.9 percent of the global total. In second place were African importers at 27.2 percent while 17.7 percent of worldwide flour imports were delivered to Europe.
Smaller percentages of 8.5 percent arrived in Latin America excluding Mexico but including the Caribbean, North America got 3 percent and Oceania got 0.8 percent led by New Zealand and Australia.
Here are the top 5 countries that imported the highest dollar value worth of flour during 2020. Egypt with 2.7 billion dollars is responsible for 5.7 percent of total imported flour. Indonesia is next with 2.6 billion dollars which accounts for 5.5 percent. Turkey is the third highest importer with 2.33 billion dollars which accounts for 4.9 percent followed by China with 2.26 billion dollars which stands at 4.8 percent and Nigeria is the fifth highest importer with 2.06 billion dollars spent annually on flour importation.
Among the top importing countries, the fastest growing markets for flour since 2019 were: China up by 150.8 percent, Nigeria up by 62.3 percent, Morocco up by 48.2 percent and Italy up by 12.1 percent.
Top ten Flour producing countries:
With 24,481,600 Tonnes, Germany is one of the largest flour producers in the world. Ukraine follows with 26,208,980 Tonnes, Pakistan is next with 26,674,000 Tonnes, Canada follows with 29,984,200 Tonnes. Australia produces an average of 31,818,744 Tonnes annually France follows with 36,924,938 Tonnes, United States is sixth with 47,370,880 Tonnes followed by Russia with 85,863,132 Tonnes, India with 98,510,000 Tonnes China produces 134,340,630 Tonnes annually.
OVERVIEW OF THE INTERNATIONAL FLOUR MARKET
Global functional flour market is projecetd to grow at a CAGR of 4.9 percent during the forecast period, 2020 to 2025. Functional flours are modified wheat or non traditional flours that claim to improve health and provide enhanced health benefits, beyond that of the nutrients found in flour. Functional flour may also include flours that are fortified with vitamins, herbs, and even nutraceuticals.
Consumers worldwide are striving to adopt a combination of grains, cereals, lentils in their everyday food for essential nutrients. In addition, increasing gluten allergies is stoking demand for non wheat based flour. This is stoking demand for functional flours that are composed of soy flour, rye flour, and oat flour among others.
Functional flours act as active ingredients in making premium food products that are good quality and are healthier than normal products. Present day consumers are less interested in mid-market products. A trend is emerging among these consumers, in which they are seen to be minimizing their expenditures on basic groceries and are instead trying out new premium products available in the market. In the case of functional flour, this trend has been seen mainly in the bakery products that contain such flours. Women are the major driving force for this increased purchasing of premium foods. Another reason for the popularity of premium foods is internet retailing and attractive discounts offered on these products.
North America Holds the Major Share in Functional Flour Market
Functional flour is gaining popularity for its cost cutting, nutritional benefits, thickening, texture, and taste enhancements. However, the trend of the gluten free and clean labels are the primary factors driving the market. North America dominates the market with a high awareness of product efficiency and the demand for premium products. However, the growing influence of the western culture has boosted the demand for high protein and nutrient foods. This growth in processed foods in Asia-Pacific is expected to lend a high CAGR during the forecast period.
The global functional flour market is fragmented and competitive, with a large number of players operating at regional and local levels. The key players in the market adopted expansions and investments in function flour as their growth strategies. Some of the major companies in the functional flour market are Cargill, General Mill, Archer Daniels Midland Company, Associated British Foods, Ingredion, and Bunge Limited, among others.