U.S. - Buckwheat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBuckwheat Price in the United States - 2023
Contents:
- Buckwheat Price in the United States (FOB) - 2023
- Buckwheat Price in the United States (CIF) - 2023
- Buckwheat Exports in the United States
- Buckwheat Imports in the United States
Buckwheat Price in the United States (FOB) - 2023
In July 2023, the average buckwheat export price amounted to $631 per ton, with a decrease of -4.7% against the previous month. Overall, the export price recorded a perceptible decline. The pace of growth was the most pronounced in September 2022 when the average export price increased by 20% against the previous month. As a result, the export price reached the peak level of $833 per ton. From October 2022 to July 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In July 2023, the country with the highest price was Japan ($619 per ton), while the average price for exports to South Korea amounted to $619 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-1.1%).
Buckwheat Price in the United States (CIF) - 2023
The average buckwheat import price stood at $1,091 per ton in July 2023, waning by -19.3% against the previous month. Over the period under review, the import price recorded a perceptible setback. The most prominent rate of growth was recorded in August 2022 an increase of 25% against the previous month. Over the period under review, average import prices hit record highs at $1,820 per ton in September 2022; however, from October 2022 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was India ($1,824 per ton), while the price for Russia ($889 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Canada (+3.4%), while the prices for the other major suppliers experienced a decline.
Buckwheat Exports in the United States
In 2022, the amount of buckwheat exported from the United States surged to 17K tons, increasing by 16% on 2021 figures. Over the period under review, exports, however, continue to indicate a noticeable contraction.
In value terms, buckwheat exports rose rapidly to $12M in 2022. In general, exports, however, showed a pronounced decrease.
| Export of Buckwheat in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 12.8 | 9.7 | 9.9 | 11.3 | -4.1% |
| South Korea | 0.6 | 0.5 | 0.7 | 0.3 | -20.6% |
| Canada | 0.2 | 0.2 | 0.1 | 0.2 | 0.0% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 13.7 | 10.6 | 10.7 | 11.9 | -4.6% |
Top Export Markets for Buckwheat from the United States in 2022:
- Japan (15.9K tons)
- South Korea (0.5K tons)
- Canada (0.3K tons)
Buckwheat Imports in the United States
In 2022, the amount of buckwheat imported into the United States surged to 6.3K tons, growing by 38% on 2021 figures. Overall, imports, however, showed a slight setback.
In value terms, buckwheat imports skyrocketed to $8.7M in 2022. In general, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Buckwheat in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1.6 | 2.2 | 2.1 | 3.9 | 34.6% |
| Canada | 3.0 | 3.5 | 2.0 | 3.4 | 4.3% |
| China | 0.3 | 0.3 | 0.4 | 0.5 | 18.6% |
| Lithuania | N/A | 0.2 | N/A | 0.4 | 41.4% |
| Others | 0.1 | 0.3 | 0.2 | 0.4 | 58.7% |
| Total | 5.1 | 6.6 | 4.7 | 8.7 | 19.5% |
Top Suppliers of Buckwheat to the United States in 2022:
- Canada (3.1K tons)
- Russia (2.4K tons)
- China (0.3K tons)
- Lithuania (0.2K tons)
This report provides an in-depth analysis of the buckwheat market in the U.S.. 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 States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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.
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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
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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
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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
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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
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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
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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
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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
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