Canada - Buckwheat - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingBuckwheat Price in Canada - 2023
Contents:
- Buckwheat Price in Canada (FOB) - 2023
- Buckwheat Price in Canada (CIF) - 2023
- Buckwheat Exports in Canada
- Buckwheat Imports in Canada
Buckwheat Price in Canada (FOB) - 2023
The average buckwheat export price stood at $1,329 per ton in June 2023, increasing by 5.2% against the previous month. Overall, export price indicated a pronounced expansion from June 2022 to June 2023: its price increased at an average monthly rate of +2.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, buckwheat export price increased by +3.3% against March 2023 indices. The pace of growth was the most pronounced in August 2022 when the average export price increased by 81% against the previous month. As a result, the export price attained the peak level of $1,496 per ton. From September 2022 to June 2023, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +2.5% per month.
Buckwheat Price in Canada (CIF) - 2023
In June 2023, the average buckwheat import price amounted to $1,556 per ton, picking up by 24% against the previous month. Overall, the import price, however, showed a noticeable decline. The growth pace was the most rapid in August 2022 when the average import price increased by 47% m-o-m. As a result, import price reached the peak level of $3,737 per ton. From September 2022 to June 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was China ($1,715 per ton), while the price for the United States totaled $1,334 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (-3.0%), while the prices for the other major suppliers experienced a decline.
Buckwheat Exports in Canada
Buckwheat exports from Canada surged to 4.1K tons in 2022, increasing by 55% against 2021 figures. Over the period under review, exports, however, recorded a abrupt decrease.
In value terms, buckwheat exports soared to $3.9M in 2022. In general, total exports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +2.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -11.1% against 2020 indices.
| Export of Buckwheat in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.0 | 3.6 | 2.0 | 3.5 | 5.3% |
| Ukraine | N/A | N/A | N/A | 0.2 | 0% |
| Japan | 0.1 | 0.1 | N/A | 0.2 | 26.0% |
| South Korea | N/A | N/A | N/A | N/A | 0% |
| France | 0.5 | 0.6 | N/A | N/A | 20.0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 3.7 | 4.4 | 2.1 | 3.9 | 1.8% |
Top Export Markets for Buckwheat from Canada in 2022:
- United States (3155.4 tons)
- Ukraine (503.2 tons)
- Japan (298.4 tons)
- South Korea (68.5 tons)
Buckwheat Imports in Canada
In 2022, overseas purchases of buckwheat decreased by -34.1% to 963 tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 when imports increased by 0.6%. As a result, imports attained the peak of 1.9K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, buckwheat imports contracted sharply to $1.1M in 2022. In general, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 5.5% against the previous year. As a result, imports reached the peak of $1.4M, and then plummeted in the following year.
| Import of Buckwheat in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 984 | 1,020 | 1,254 | 857 | -4.5% |
| United States | 183 | 163 | 68.0 | 120 | -13.1% |
| Russia | 60.1 | 59.1 | 16.2 | 51.2 | -5.2% |
| India | 2.7 | 0.8 | 1.2 | 11.1 | 60.2% |
| Others | 30.4 | 77.5 | 53.0 | 10.8 | -29.2% |
| Total | 1,260 | 1,320 | 1,392 | 1,051 | -5.9% |
Top Suppliers of Buckwheat to Canada in 2022:
- China (850.8 tons)
- Russia (51.0 tons)
- United States (33.2 tons)
- India (21.7 tons)
This report provides an in-depth analysis of the buckwheat market in Canada. 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 2030.
Product coverage:
- FCL 89 - Buckwheat
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
1125
This report provides an in-depth analysis of the buckwheat market in Canada.
629
This report provides an in-depth analysis of the canary seed market in Canada.
657
This report provides an in-depth analysis of the fonio market in Canada.
872
This report provides an in-depth analysis of the quinoa market in Canada.
667
This report provides an in-depth analysis of the triticale market in Canada.
996
This report provides an in-depth analysis of the millet market in Canada.
662
This report provides an in-depth analysis of the cereal market in Canada.
920
This report provides an in-depth analysis of the grain market in Canada.
644
This report provides an in-depth analysis of the grain market in Canada.
4213
This report provides an in-depth analysis of the global buckwheat market.
99
The growth pace of Canary Seed was the most rapid in September 2023 with an increase of 88% month-to-month. In value terms, canary seed exports stood at $9M in December 2023.
240
In December 2022, the canary seed price stood at $689 per ton (FOB, Canada), growing by 8% against the previous month.
248
In June 2023, the price of Quinoa reached $2,645 per ton (CIF, Canada), registering a 4.1% increase compared to the previous month.
841
In the immediate term, the global buckwheat market may face a shortage due to an export ban introduced in Russia. The country, being the largest producer and exporter of buckwheat, restricted exporting unprocessed buckwheat, coarsely ground buckwheat groats, and crushed buckwheat grain from June 5, 2021, to August 31. Russia took this step to preserve the volumes of the buckwheat grain for its domestic consumption and prevent a spike in prices inside the country. China, Latvia and Ukraine featured the most prominent increases in imports from Russia in 2021.
6592
Global buckwheat consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
3120
Global buckwheat exports amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
3134
Global buckwheat imports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
2188
In 2015, the countries with the highest levels of production in 2015 were Russia (X thousand tons), China (X thousand tons), France (X thousand tons), together accounting for X% of total output.
3574
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 global production. According to e
1807
The Mongozo Buckwheat White recently won gold at the World Beer Awards in London. Brewed with unique ingredients, the Buckwheat White is praised for its fresh and fruity aroma and smooth aftertaste. Most importantly, it is gluten-free, and is, therefor
