United Kingdom - 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 the UK - 2023
Contents:
- Buckwheat Price in the UK (CIF) - 2023
- Buckwheat Price in the UK (FOB) - 2022
- Buckwheat Imports in the UK
- Buckwheat Exports in the UK
Buckwheat Price in the UK (CIF) - 2023
In May 2023, the average buckwheat import price amounted to $1,924 per ton, surging by 8.7% against the previous month. Over the period under review, import price indicated mild growth from May 2022 to May 2023: its price increased at an average monthly rate of +1.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, buckwheat import price increased by +45.3% against January 2023 indices. The pace of growth was the most pronounced in February 2023 when the average import price increased by 76% m-o-m. The import price peaked at $2,349 per ton in December 2022; however, from January 2023 to May 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In May 2023, the highest price was recorded for prices from New Zealand ($2,184 per ton) and Austria ($2,048 per ton), while the price for Hungary ($1,703 per ton) and Germany ($2,006 per ton) were amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Hungary (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Buckwheat Price in the UK (FOB) - 2022
The average buckwheat export price stood at $4,445 per ton in 2022, increasing by 88% against the previous year. Overall, the export price continues to indicate a notable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($13,931 per ton), while the average price for exports to Germany ($1,458 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
Buckwheat Imports in the UK
In 2022, overseas purchases of buckwheat decreased by -28.5% to 1.2K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 34%. As a result, imports attained the peak of 2.1K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, buckwheat imports declined dramatically to $1.8M in 2022. In general, imports recorded a pronounced downturn. The growth pace was the most rapid in 2020 with an increase of 31% against the previous year. As a result, imports reached the peak of $2.6M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Buckwheat in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 196 | 174 | 420 | 350 | 21.3% |
| Germany | 84.3 | 269 | 367 | 300 | 52.7% |
| Hungary | N/A | N/A | N/A | 194 | 0% |
| France | 886 | 1,132 | 1,425 | 191 | -40.0% |
| Russia | 2.1 | 11.0 | 5.8 | 191 | 349.7% |
| China | 6.0 | 1.5 | 31.3 | 134 | 181.6% |
| Ukraine | N/A | N/A | N/A | 122 | 0% |
| Lithuania | 201 | 222 | 98.4 | 67.9 | -30.4% |
| Latvia | 173 | 162 | 10.6 | 15.7 | -55.1% |
| Italy | 157 | 105 | 35.6 | 15.3 | -54.0% |
| Netherlands | 256 | 477 | 148 | 7.9 | -68.6% |
| Others | 36.0 | 52.4 | 44.5 | 215 | 81.4% |
| Total | 1,997 | 2,608 | 2,587 | 1,803 | -3.3% |
Top Suppliers of Buckwheat to the UK in 2022:
- Poland (200.0 tons)
- Germany (196.2 tons)
- France (182.6 tons)
- Hungary (171.0 tons)
- Russia (155.2 tons)
- Ukraine (72.0 tons)
- China (61.5 tons)
- Lithuania (41.6 tons)
- Netherlands (6.2 tons)
- Italy (4.8 tons)
- Latvia (4.7 tons)
Buckwheat Exports in the UK
In 2022, shipments abroad of buckwheat was finally on the rise to reach 116 tons after two years of decline. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, buckwheat exports surged to $515K in 2022. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Buckwheat in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 0.2 | N/A | N/A | 255 | 984.4% |
| Hong Kong SAR | N/A | N/A | N/A | 105 | 0% |
| Ireland | 77.2 | 85.8 | 38.5 | 49.9 | -13.5% |
| United States | N/A | N/A | N/A | 37.1 | 0% |
| Germany | 1.3 | 0.8 | N/A | 35.9 | 202.3% |
| Netherlands | 0.4 | 0.4 | 11.0 | 20.9 | 273.8% |
| Denmark | 0.6 | 0.1 | N/A | 9.7 | 152.9% |
| Lithuania | 6.6 | 4.2 | N/A | N/A | -36.4% |
| South Africa | N/A | N/A | 25.8 | N/A | 0% |
| Others | 13.9 | 16.3 | 19.0 | 1.3 | -54.6% |
| Total | 100 | 108 | 94.3 | 515 | 72.7% |
Top Export Markets for Buckwheat from the UK in 2022:
- Hong Kong SAR (29.4 tons)
- Germany (24.6 tons)
- United States (19.5 tons)
- Sweden (18.3 tons)
- Ireland (16.5 tons)
- Netherlands (3.9 tons)
- Denmark (3.0 tons)
This report provides an in-depth analysis of the buckwheat market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
838
This report provides an in-depth analysis of the buckwheat market in the UK.
578
This report provides an in-depth analysis of the canary seed market in the UK.
605
This report provides an in-depth analysis of the fonio market in the UK.
850
This report provides an in-depth analysis of the quinoa market in the UK.
796
This report provides an in-depth analysis of the triticale market in the UK.
1116
This report provides an in-depth analysis of the millet market in the UK.
613
This report provides an in-depth analysis of the cereal market in the UK.
673
This report provides an in-depth analysis of the grain market in the UK.
581
This report provides an in-depth analysis of the grain market in the UK.
4198
This report provides an in-depth analysis of the global buckwheat market.
461
The price of Buckwheat in April 2023 reached $1,770 per ton (CIF, United Kingdom), showing a 13% increase compared to the previous month.
221
In March 2023, the growth rate for Quinoa imports reached its peak with a month-on-month increase of 123%. Furthermore, the value of Quinoa imports surged to $338K in August 2023.
389
In November 2022, the millet price amounted to $641 per ton (CIF, United Kingdom), dropping by -12.7% against the previous month.
834
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.
6580
Global buckwheat consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
3112
Global buckwheat exports amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
3126
Global buckwheat imports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
2180
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.
3565
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
1800
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
