Vietnam - Buckwheat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBuckwheat Price in Vietnam - 2022
Contents:
- Buckwheat Price in Vietnam (CIF) - 2022
- Buckwheat Price in Vietnam (FOB) - 2022
- Buckwheat Imports in Vietnam
- Buckwheat Exports in Vietnam
Buckwheat Price in Vietnam (CIF) - 2022
The average buckwheat import price stood at $895 per ton in 2022, waning by -5.7% against the previous year. In general, the import price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2018 an increase of 40% against the previous year. Over the period under review, average import prices attained the maximum at $4,838 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($2,384 per ton), while the price for Japan ($729 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+26.6%), while the prices for the other major suppliers experienced a decline.
Buckwheat Price in Vietnam (FOB) - 2022
The average buckwheat export price stood at $740 per ton in 2022, shrinking by -4.3% against the previous year. In general, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices attained the maximum at $2,177 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($2,063 per ton), while the average price for exports to Taiwan (Chinese) stood at $693 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (-10.8%).
Buckwheat Imports in Vietnam
In 2022, buckwheat imports into Vietnam fell remarkably to 42 tons, declining by -20.5% against 2021 figures. Overall, total imports indicated a tangible expansion from 2019 to 2022: its volume increased at an average annual rate of +2.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 72% against the previous year. As a result, imports reached the peak of 53 tons, and then dropped rapidly in the following year.
In value terms, buckwheat imports dropped rapidly to $37K in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 100% against the previous year. As a result, imports attained the peak of $50K, and then contracted significantly in the following year.
| Import of Buckwheat in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 35.5 | 23.5 | 26.3 | 25.0 | -11.0% |
| Singapore | 0.4 | 0.4 | 15.9 | 6.4 | 152.0% |
| India | N/A | N/A | 2.8 | 4.7 | 67.9% |
| Japan | 0.8 | 0.3 | 2.3 | 1.0 | 7.7% |
| Others | 0.3 | 0.7 | 2.7 | 0.3 | 0.0% |
| Total | 37.1 | 24.9 | 50.0 | 37.4 | 0.3% |
Top Suppliers of Buckwheat to Vietnam in 2022:
- China (33.0 tons)
- India (4.5 tons)
- Singapore (2.7 tons)
- Japan (1.4 tons)
Buckwheat Exports in Vietnam
In 2022, overseas shipments of buckwheat increased by 43% to 71 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a abrupt descent.
In value terms, buckwheat exports surged to $53K in 2022. Overall, exports, however, saw a perceptible shrinkage.
| Export of Buckwheat in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 57.8 | 67.0 | 38.0 | 47.7 | -6.2% |
| Japan | N/A | N/A | N/A | 5.1 | 0% |
| Others | N/A | N/A | 0.6 | N/A | 0% |
| Total | 57.8 | 67.0 | 38.6 | 52.8 | -3.0% |
Top Export Markets for Buckwheat from Vietnam in 2022:
- Taiwan (Chinese) (68.9 tons)
- Japan (2.5 tons)
This report provides an in-depth analysis of the buckwheat market in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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
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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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