Asia: Buckwheat Market Overview 2021

Buckwheat Market Size in Asia

The Asian buckwheat market reduced to $X in 2020, declining by -X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. from 2012 to 2020, the growth of the market remained at a lower figure.

Buckwheat Production in Asia

In value terms, buckwheat production dropped modestly to $X in 2020 estimated in export prices. in general, production showed a mild reduction. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. from 2012 to 2020, production growth remained at a somewhat lower figure.

China (X tonnes) constituted the country with the largest volume of buckwheat production, comprising approx. X% of total volume. Moreover, buckwheat production in China exceeded the figures recorded by the second-largest producer, Japan (X tonnes), ninefold. Kazakhstan (X tonnes) ranked third in terms of total production with a X% share.

In China, buckwheat production decreased by an average annual rate of -X% over the period from 2007-2020. in the other countries, the average annual rates were as follows: Japan (+X% per year) and Kazakhstan (-X% per year).

The average buckwheat yield contracted modestly to X kg per ha in 2020, remaining stable against the year before. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the yield increased by X% year-to-year. As a result, the yield reached the peak level of X kg per ha. from 2012 to 2020, the growth of the buckwheat yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of buckwheat production in Asia fell slightly to X ha, which is down by -X% compared with the previous year. in general, the harvested area showed a perceptible descent. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to buckwheat production attained the maximum at X ha in 2007; however, from 2008 to 2020, the harvested area failed to regain the momentum.

Production by Country in Asia

China (X tonnes) remains the largest buckwheat producing country in Asia, accounting for X% of total volume. Moreover, buckwheat production in China exceeded the figures recorded by the second-largest producer, Japan (X tonnes), ninefold. Kazakhstan (X tonnes) ranked third in terms of total production with a X% share.

In China, buckwheat production contracted by an average annual rate of -X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Japan (+X% per year) and Kazakhstan (-X% per year).

Buckwheat Exports

Exports in Asia

In 2020, overseas shipments of buckwheat decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. in general, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. As a result, exports reached the peak of X tonnes. from 2012 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, buckwheat exports dropped to $X in 2020. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

In 2020, China (X tonnes) represented the major exporter of buckwheat, mixing up X% of total exports. It was distantly followed by Kazakhstan (X tonnes) and India (X tonnes), together achieving a X% share of total exports. The following exporters - Pakistan (X tonnes) and Nepal (X tonnes) - each amounted to a X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by India, while exports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest buckwheat supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Kazakhstan ($X), with a X% share of total exports. It was followed by India, with a X% share.

In China, buckwheat exports contracted by an average annual rate of -X% over the period from 2007-2020. in the other countries, the average annual rates were as follows: Kazakhstan (+X% per year) and India (+X% per year).

Export Prices by Country

The buckwheat export price in Asia stood at $X per tonne in 2020, surging by X% against the previous year. Export price indicated temperate growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, buckwheat export price increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2010 when the export price increased by X% year-to-year. The level of export peaked at $X per tonne in 2015; however, from 2016 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. in 2020, the country with the highest price was China ($X per tonne), while Nepal ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Kazakhstan, while the other leaders experienced more modest paces of growth.

Buckwheat Imports

Imports in Asia

After three years of growth, supplies from abroad of buckwheat decreased by -X% to X tonnes in 2020. in general, imports saw a perceptible descent. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tonnes in 2019, and then fell remarkably in the following year.

In value terms, buckwheat imports dropped notably to $X in 2020. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

Japan dominates buckwheat imports structure, reaching X tonnes, which was near X% of total imports in 2020. Georgia (X tonnes) held the second position in the ranking, followed by Kazakhstan (X tonnes), China (X tonnes) and Nepal (X tonnes). All these countries together took approx. X% share of total imports. Mongolia (X tonnes), South Korea (X tonnes) and India (X tonnes) followed a long way behind the leaders.

Imports into Japan decreased at an average annual rate of -X% from 2007 to 2020. at the same time, Mongolia (+X%), Kazakhstan (+X%), India (+X%), Nepal (+X%), Georgia (+X%) and China (+X%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2020. by contrast, South Korea (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Kazakhstan, Georgia, Mongolia, Nepal, China and India increased by +X%, +X%, +X%, +X%, +X% and +X% percentage points, while Japan (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported buckwheat in Asia, comprising X% of total imports. The second position in the ranking was occupied by Georgia ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In Japan, buckwheat imports shrank by an average annual rate of -X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Georgia (+X% per year) and South Korea (+X% per year).

Import Prices by Country

In 2020, the buckwheat import price in Asia amounted to $X per tonne, picking up by X% against the previous year. Import price indicated a notable increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when the import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. in 2020, the country with the highest price was South Korea ($X per tonne), while India ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform