ASEAN: Buckwheat Market 2024

Buckwheat Market Size in ASEAN

In 2022, the ASEAN buckwheat market decreased by X% to $X, falling for the third year in a row after two years of growth. Overall, consumption continues to indicate a pronounced contraction. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Buckwheat Production in ASEAN

In value terms, buckwheat production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, showed a significant increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

The country with the largest volume of buckwheat production was Cambodia (X tons), comprising approx. X% of total volume. Moreover, buckwheat production in Cambodia exceeded the figures recorded by the second-largest producer, Myanmar (X tons), twofold. Malaysia (X tons) ranked third in terms of total production with a X% share.

In Cambodia, buckwheat production shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Myanmar (X% per year) and Malaysia (X% per year).

Buckwheat Exports

Exports in ASEAN

In 2022, after two years of decline, there was significant growth in shipments abroad of buckwheat, when their volume increased by X% to X tons. Over the period under review, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, buckwheat exports skyrocketed to $X in 2022. Overall, exports, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. Malaysia (X tons) took the second position in the ranking, followed by Singapore (X tons). All these countries together took approx. X% share of total exports.

Exports from Myanmar increased at an average annual rate of X% from 2012 to 2022. At the same time, Singapore (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Myanmar and Singapore increased by X and X percentage points, respectively.

In value terms, Myanmar ($X), Malaysia ($X) and Singapore ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Singapore, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price saw slight growth. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the export price figures.

Buckwheat Imports

Imports in ASEAN

In 2022, overseas purchases of buckwheat decreased by X% to X tons, falling for the third consecutive year after two years of growth. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, buckwheat imports declined significantly to $X in 2022. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X tons) represented the major importer of buckwheat, committing X% of total imports. It was distantly followed by Thailand (X tons), generating a X% share of total imports. Singapore (X tons) and Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest buckwheat importing markets in ASEAN were Malaysia ($X), Thailand ($X) and Singapore ($X), together accounting for X% of total imports. Vietnam lagged somewhat behind, accounting for a further X%.

Among the main importing countries, Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price recorded pronounced growth. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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