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Chile - Buckwheat - Market Analysis, Forecast, Size, Trends and Insights
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Chile: Buckwheat Market Overview 2021

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Buckwheat Market Size in Chile

The Chilean buckwheat market soared to $X in 2020, surging by X% against the previous year. Overall, the total consumption indicated a prominent expansion from 2007 to 2020: its value 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, consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, the market hit record highs in 2020 and is likely to continue growth in the near future.

Buckwheat Production in Chile

In value terms, buckwheat production rose markedly to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a buoyant increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2017 indices. The growth pace was the most rapid in 2014 when the production volume increased by X% year-to-year. Buckwheat production peaked in 2020 and is likely to see steady growth in years to come.

The average yield of buckwheat in Chile totaled X kg per ha in 2020, approximately mirroring 2019. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of buckwheat were harvested in Chile; leveling off at the year before. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Buckwheat Exports

Exports from Chile

Buckwheat exports from Chile shrank notably to X kg in 2020, reducing by -X% against 2019. In general, exports faced a precipitous setback. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Exports peaked at X tonnes in 2013; however, from 2014 to 2020, exports remained at a lower figure.

In value terms, buckwheat exports dropped sharply to $X in 2020. Over the period under review, exports saw a significant decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

Germany (X tonnes) was the main destination for buckwheat exports from Chile, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Germany stood at -X%.

From 2007 to 2019, the average annual growth rate of value to Germany stood at -X%.

Export Prices by Country

In 2019, the average buckwheat export price amounted to $X per tonne, remaining relatively unchanged against the previous year. In general, the export price showed a pronounced expansion. Over the period under review, average export prices hit record highs at $X per tonne in 2015; however, from 2016 to 2019, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2007 to 2019, the rate of growth in terms of prices for Germany amounted to -X% per year.

Buckwheat Imports

Imports into Chile

In 2020, overseas purchases of buckwheat increased by X% to X tonnes, rising for the second year in a row after five years of decline. Over the period under review, imports posted strong growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

In value terms, buckwheat imports surged to $X in 2020. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, France (X kg) constituted the largest buckwheat supplier to Chile, accounting for a X% share of total imports. Moreover, buckwheat imports from France exceeded the figures recorded by the second-largest supplier, the U.S. (X kg), threefold.

From 2007 to 2020, the average annual rate of growth in terms of volume from France totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and the UK (X% per year).

In value terms, the U.S. ($X), the UK ($X) and France ($X) appeared to be the largest buckwheat suppliers to Chile, together comprising X% of total imports.

France recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average buckwheat import price amounted to $X per tonne, surging by X% against the previous year. In general, the import price showed a buoyant expansion. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2013 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($X per tonne), while the price for France ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for buckwheat in the world?
+
The countries with the highest volumes of buckwheat consumption in 2020 were China (821K tonnes), Russia (738K tonnes) and France (202K tonnes), with a combined 71% share of global consumption. Poland, Ukraine, the U.S., Japan, Lithuania, Brazil and Kazakhstan lagged somewhat behind, together accounting for a further 22%.
What are the largest producers of buckwheat in the world?
+
The countries with the highest volumes of buckwheat production in 2020 were China (831K tonnes), Russia (770K tonnes) and France (200K tonnes), with a combined 74% share of global production. These countries were followed by Poland, the U.S., Ukraine, Lithuania, Brazil, Japan and Kazakhstan, which together accounted for a further 21%.
What are the leading suppliers of buckwheat to Chile?
+
In value terms, the largest buckwheat suppliers to Chile were the U.S. ($1.3K), the UK ($1.2K) and France ($1.2K), with a combined 100% share of total imports.
What is the average export price for buckwheat in Chile?
+
The average buckwheat export price stood at $1,789 per tonne in 2019, approximately reflecting the previous year.
What is the average import price for buckwheat in Chile?
+
The average buckwheat import price stood at $3,123 per tonne in 2020, with an increase of 31% against the previous year.

Product coverage:
• FCL 89 - Buckwheat

This report provides an in-depth analysis of the buckwheat market in Chile. 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 2025.


Country coverage:
• Chile

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Chile
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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