Australia Wheat Market Report and Forecast 2025-2034

Australia Wheat Market Outlook

The Australia wheat market attained a volume of 6.81 million tons in 2024. The market is further projected to grow at a CAGR of 1.1% between 2025 and 2034, reaching a volume of 7.56 million tons by 2034.

Key Takeaways

• In the 2021-22 financial year, Australia produced approximately 36 million tonnes of wheat, marking a 14% increase from the previous year. This surge was primarily driven by a remarkable 47% jump in wheat harvest in Western Australia.

• Australia produces about 4% of the world's wheat production.

• Australia grows roughly 12 million hectares of wheat each year, yielding an average of 25 million tonnes of wheat.

• Rising production levels are expected to propel the value of Australian wheat production to USD 10.4 billion in 2024–25.

One of the primary factors driving the Australia wheat market growth is increasing demand for high-quality wheat and Australia is a leading wheat exporter, primarily to countries in Asia Pacific and North American regions. According to statistics, Australia produces 4% of the world’s wheat (about 25 million tonnes per annum) but accounts for 10-15% of the world’s 100 million tonne annual global wheat trade.

Moreover, there are various types of wheat produced in Australia, including Australian Prime Hard (APH), Australian Hard (AH), Australian Premium White (APW), Australian Noodle Wheat (ANW), Australian Standard White (ASW), Australian Premium Durum (ADR), and Australian Soft (ASFT). Due to wide variety of wheat availability, the food and beverage sector utilises the grain to produce breads, noodles, and pastas.

Despite a drying and warming climate, wheat yields in Australia are increasing due to the efforts of plant breeders, agronomists, farmers, and agricultural engineers. The best yields are observed in more southern or higher rainfall regions.  In 2022, the favourable combination of an 8% increase in the area sown to wheat and timely rainfall resulted in record-high crop. South Australia also experienced a favourable season, with wheat production up by 19% to 4.8 million tonnes, which has helped in increasing the Australia wheat market share.

In terms of policies, regulations such as the Mandatory Port Access Code of Conduct for Grain Export Terminals aim to promote an efficient and profitable wheat export industry by ensuring fair and transparent port terminal access for all exporters. This facilitates seamless export of wheat.

In applications, feed application segment includes the use of wheat in animal feed, providing a source of nutrition for livestock. Food applications segment includes the use of wheat in various food products, such as bread, noodles, and bakery items. Meanwhile, biofuel applications involve the use of wheat in the production of biofuels, such as ethanol.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Market Segmentation

Australia Wheat Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Whole/Raw

• Flour

• Others

Market Breakup by Application

• Feed

• Food

• Biofuel 

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Western Australia

• Australian Capital Territory

• Others

Competitive Landscape

Market players are engaged in increasing their production of wheat to capitalise on export and strengthen their market presence.

• Australian Seed & Grain - WA Moora 

• Wholegrain Milling Co.’s  

• Manildra Flour Mills Pty. Ltd. 

• FPM Cereal Milling Systems Pty Ltd. 

• Four Leaf Milling 

• Golden Grain Flour Mills 

• Bellata Gold farms 

• Sam Mills Pty Ltd.

• Others

Key Highlights of the Report