Jun 23, 2016

World - Buckwheat - Market Analysis, Forecast, Size, Trends and Insights

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Buckwheat Market - Buckwheat Manufacturers Are Searching for New Niches

Photo: © sierpniowka / Bigstockphoto

In 2015, gross yield of buckwheat in the world increased after the fall of 2013-2014. Production volumes are increasing in Russia, as well as in China, together accounting for two thirds of production on the global buckwheat market. According to experts' forecast, this trend will continue in 2016. Thus, planted area of buckwheat in Russia amounted to X million Ha, which was X% more than in the previous year. In case no extreme weather events happened, global buckwheat production volume would exceed X thousand tonnes in 2016, which would be the peak value since 2007. Manufacturers could face sale challenges and would be forced to look for new market niches.

Buckwheat is a relatively undemanding plant, found in wild form in the northern India, where it originated. However, buckwheat (common buckwheat) is widespread in the temperate latitudes, as a moisture-loving culture, resistant to cool temperatures. Thus, the most extensive crop areas belong to China and Russia, which are the major players in the market.

In terms of production, China (X thousand tonnes in 2014) takes first place, followed by Russia (X thousand tonnes in 2014), together accounting for two-thirds of buckwheat production volume in the world. Other countries, mostly in Europe, follow them with a significant lag. According to the IndexBox estimates, from 2007 to 2014, buckwheat production dynamics were relatively stable only in China, while other leading countries recorded fluctuations. Thus, the most noticeable decline in production was observed in 2010, due to hot weather and drought spread throughout the territory of the CIS countries. Buckwheat production volume in Russia plunged by X% as compared to the 2009 level, which reflected the global dynamics.

Besides weather conditions, reduction of acreage in favor of more competitive crops is also a limiting factor. Indeed, buckwheat can largely be attributed to a "marginal" crop, and demand for it is limited, which is noticeable when comparing the indicators of production and consumption.

The top X countries in terms of harvested area, production, and consumption of buckwheat, presented in the figure below, are the same for all three indicators with approximately equal shares. This means a low intensity of trade between countries: global export volume does not exceed X% of production volume. This is a quite rare situation, when product consumption is linked to the place of its manufacturing. Japan (X% of global imports in 2014) is the largest buckwheat importing country.

For most countries, buckwheat porridge is a non-traditional food, and it is mostly widespread only in the former Soviet Union, as well as some European countries. In 2014, the highest rates of per capita consumption (among the leaders of buckwheat consumption) were recorded in Lithuania (X kg / person), Russia (X kg / person), Ukraine (X kg / person), and Kazakhstan (X kg / person). In these countries, the buckwheat market is close to saturation. Also, there are prospects for consumption volume expansion, as there are no preconditions for a serious fall with an expected stable domestic consumption.

China is a prospective sales market, with the average per capita buckwheat consumption rate equal to only X kg / person in 2014. The Chinese market became especially attractive for Russian buckwheat producers after the devaluation of the ruble at the end of 2014, and when it became profitable to export goods abroad, receiving additional benefits. Rice, especially popular in China, is the main competitor of buckwheat. High volumes of its own rice production appear to be a barrier to the development of buckwheat consumption in China, though positive growth rates of buckwheat consumption indicate the existence and growth of demand for the product (average annual growth rate of consumption from 2007 to 2014 amounted to + X%).

The countries where buckwheat is not a traditional culture (such as the U.S., Canada, and South America) can be regarded as sales markets for groats, or for waste from buckwheat processing (bran, husk), to be used as feed for farm animals. Optimization of production and logistics processes can contribute to the expansion of the sales markets.

Currently, the buckwheat market is largely limited by areas of the crop cultivation. China and Russia are the main players in the recent years. In the medium term, volume and geography of buckwheat consumption will not change globally, as the market can be regarded as mostly conservative. However, the market players should look for ways to distribute their products in the world and to expand their presence.

Do you want to know more about the global buckwheat market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • buckwheat market share
  • buckwheat prices
  • buckwheat industry
  • buckwheat sales
  • buckwheat market forecast
  • buckwheat price forecast
  • key buckwheat producers

Source: World: Buckwheat - Market Report. Analysis And Forecast To 2020

Source: IndexBox AI Platform

Product coverage:

FCL 89 - Buckwheat.


This report provides an in-depth analysis of the global buckwheat market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries (United States
• China
• Japan
• Germany
• United Kingdom
• France
• Brazil
• Italy
• Russian Federation
• India
• Canada
• Australia
• Republic of Korea
• Spain
• Mexico
• Indonesia
• Netherlands
• Turkey
• Saudi Arabia
• Switzerland
• Sweden
• Nigeria
• Poland
• Belgium
• Argentina
• Norway
• Austria
• Thailand
• United Arab Emirates
• Colombia
• Denmark
• South Africa
• Malaysia
• Israel
• Singapore
• Egypt
• Philippines
• Finland
• Chile
• Ireland
• Pakistan
• Greece
• Portugal
• Kazakhstan
• Algeria
• Czech Republic
• Qatar
• Peru
• Romania
• Vietnam) + the largest producing countries.


Data coverage:

• Market volume and value;

• Per Capita consumption;

• Forecast of the market dynamics in the medium term;

• Production, split by region and country;

• Trade (exports and imports);

• Export and import prices;

• Market trends, drivers and restraints;

• Key market players and their profiles.


Reasons to buy this report:

• Take advantage of the latest data;

• Find deeper insights into current market developments;

• Discover vital success factors affecting the market.


This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.


In this report, you can find information that helps you to make informed decisions on the following issues


1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion


While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption, By Country, 2015–2018
Table 5:
Production, In Physical Terms, By Country, 2007–2018
Table 6:
Harvested Area, By Country, 2007-2018
Table 7:
Yield, By Country, 2007-2018
Table 8:
Imports, In Physical Terms, By Country, 2007–2018
Table 9:
Imports, In Value Terms, By Country, 2007–2018
Table 10:
Import Prices, By Country Of Destination, 2007–2018
Table 11:
Exports, In Physical Terms, By Country, 2007–2018
Table 12:
Exports, In Value Terms, By Country, 2007–2018
Table 13:
Export Prices, By Country Of Origin, 2007–2018
Table 14:
Producer Prices, By Major Producing Country, 2018
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Consumption, By Country, 2018
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2018
Figure 18:
Production, In Value Terms, 2007–2018
Figure 19:
Area Harvested, 2007–2018
Figure 20:
Yield, 2007–2018
Figure 21:
Production, By Country, 2018
Figure 22:
Production, In Physical Terms, By Country, 2007–2018
Figure 23:
Harvested Area, By Country, 2018
Figure 24:
Harvested Area, By Country, 2007-2018
Figure 25:
Yield, By Country, 2007-2018
Figure 26:
Imports, In Physical Terms, 2007–2018
Figure 27:
Imports, In Value Terms, 2007–2018
Figure 28:
Imports, In Physical Terms, By Country, 2018
Figure 29:
Imports, In Physical Terms, By Country, 2007–2018
Figure 30:
Imports, In Value Terms, By Country, 2007–2018
Figure 31:
Import Prices, By Country, 2007–2018
Figure 32:
Exports, In Physical Terms, 2007–2018
Figure 33:
Exports, In Value Terms, 2007–2018
Figure 34:
Exports, In Physical Terms, By Country, 2018
Figure 35:
Exports, In Physical Terms, By Country, 2007–2018
Figure 36:
Exports, In Value Terms, By Country, 2007–2018
Figure 37:
Export Prices, 2007–2018
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