Canada: Buckwheat Market 2024

Buckwheat Market Size in Canada

The Canadian buckwheat market dropped dramatically to $X in 2022, falling by X% against the previous year. Overall, consumption, however, saw a buoyant expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Buckwheat Production in Canada

In value terms, buckwheat production declined significantly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Buckwheat production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The average yield of buckwheat in Canada surged to X tons per ha in 2022, picking up by X% compared with the previous year's figure. Over the period under review, the yield, however, continues to indicate a abrupt downturn. Over the period under review, the average buckwheat yield attained the peak level at X tons per ha in 2016; however, from 2017 to 2022, the yield stood 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 2022, approx. X ha of buckwheat were harvested in Canada; with a decrease of X% on the year before. Over the period under review, the harvested area, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha, and then fell sharply in the following year.

Buckwheat Exports

Exports from Canada

Buckwheat exports from Canada skyrocketed to X tons in 2022, with an increase of X% compared with 2021 figures. Overall, exports posted a mild expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, buckwheat exports skyrocketed to $X in 2022. In general, exports saw moderate growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for buckwheat exports from Canada, accounting for a X% share of total exports. Moreover, buckwheat exports to the United States exceeded the volume sent to the second major destination, Ukraine (X tons), sixfold. Japan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Japan (X% per year).

In value terms, the United States ($X) remains the key foreign market for buckwheat exports from Canada, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by Ukraine, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Ukraine (X% per year).

Export Prices by Country

The average buckwheat export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached 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 the United States ($X per ton), while the average price for exports to Ukraine ($X 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 the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Buckwheat Imports

Imports into Canada

In 2022, supplies from abroad of buckwheat decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, buckwheat imports declined significantly to $X in 2022. Overall, imports, however, showed prominent growth. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2021, and then fell rapidly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest buckwheat supplier to Canada, accounting for a X% share of total imports. Moreover, buckwheat imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), sixfold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of buckwheat to Canada, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with an X% share of total imports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Russia (X% per year).

Import Prices by Country

The average buckwheat import price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price showed significant growth. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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