United States Market Share of Latin American Wheat Imports: Disaggregated Analysis and Application of the Armington Model

During the period 1966/67–1984/85, the United States market share in the global wheat trade averaged 41 per cent. Recently, this percentage has declined considerably after a period when the US agricultural sector expanded rapidly to meet the needs of growing world markets. The US market share of wheat trade reached an all‐time high of 48 per cent in 1981/82 then steadily declined to 37 per cent in 1984/85.