Boosting shipments to Saudi Arabia and South Africa push Poland's wheat exports to $1 billion

Published 2021년 12월 11일

Tridge summary

In 2020, Poland's wheat exports reached a record high of $1 Billion, with a significant increase in both volume and value compared to the previous year. The country exported 4.7 million tonnes of wheat, a doubling of its 2019 exports, with Saudi Arabia and South Africa being the largest importers. The average export price also increased by 7.5% to $223 per tonne. Other countries like Algeria and Germany also ramped up their wheat imports from Poland.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

IndexBox has just published a new report: ‘Poland – Wheat – Market Analysis, Forecast, Size, Trends and Insights‘. Here is a summary of the report’s key findings. In 2020, Poland’s wheat exports skyrocketed to $1B, reaching the highest point ever. In physical terms, exports soared from 2.1M tonnes in 2019 to 4.7M tonnes in 2020. The leading importer of wheat from Poland, Saudi Arabia, increased its purchases more than twofold last year. South Africa became the second-largest importer, unprecedently boosting shipments to 773K tonnes. The average export price for wheat from Poland jumped by +7.5% y-o-y to $223 per tonne in 2020. Poland’s Wheat Exports by Country Related Content: Wheat exports from Poland surged 2.1M tonnes in 2019 to 4.7M tonnes in 2020. In value terms, wheat exports surged from $432M to $1B (IndexBox estimates) in 2020. Over the past decade, Poland’s wheat exports rose from 984K tonnes to 4.7M tonnes in physical terms, or from $208M to $1B in value terms. Saudi ...

Source: Globaltrademag