CIS: Buckwheat Market 2024

Buckwheat Market Size in CIS

The CIS buckwheat market totaled $X in 2022, picking up by X% against the previous year. Overall, consumption recorded a slight downturn. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Buckwheat Production in CIS

In value terms, buckwheat production amounted to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced reduction. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Russia (X tons) constituted the country with the largest volume of buckwheat production, accounting for X% of total volume. Moreover, buckwheat production in Russia exceeded the figures recorded by the second-largest producer, Kazakhstan (X tons), more than tenfold.

In Russia, buckwheat production increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Belarus (X% per year).

The average buckwheat yield reached X tons per ha in 2022, picking up by X% compared with 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the yield increased by X%. The level of yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield remained at a 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 the CIS; waning by X% against the previous year. Overall, the harvested area continues to indicate a slight setback. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2017 to 2022, the growth of the buckwheat harvested area failed to regain momentum.

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Buckwheat Exports

Exports in CIS

After two years of growth, shipments abroad of buckwheat decreased by X% to X tons in 2022. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then declined in the following year.

In value terms, buckwheat exports rose sharply to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

Russia prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Kazakhstan (X tons), achieving a X% share of total exports.

Russia was also the fastest-growing in terms of the buckwheat exports, with a CAGR of X% from 2012 to 2022. At the same time, Kazakhstan (X%) displayed positive paces of growth. From 2012 to 2022, the share of Russia increased by X percentage points.

In value terms, Russia ($X) remains the largest buckwheat supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to X%.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, increasing by X% against the previous year. Overall, the export price continues to indicate buoyant growth. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Kazakhstan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%).

Buckwheat Imports

Imports in CIS

Buckwheat imports soared to X tons in 2022, rising by X% against the previous year. In general, imports continue to indicate strong growth. The growth pace was the most rapid in 2014 when imports increased by X%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, buckwheat imports surged to $X in 2022. Overall, imports posted a prominent increase. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Azerbaijan represented the main importing country with an import of around X tons, which recorded X% of total imports. It was distantly followed by Kazakhstan (X tons), generating a X% share of total imports. Kyrgyzstan (X tons), Belarus (X tons), Tajikistan (X tons) and Armenia (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to buckwheat imports into Azerbaijan stood at X%. At the same time, Tajikistan (X%), Belarus (X%), Kazakhstan (X%), Armenia (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Kazakhstan, Tajikistan and Belarus increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Azerbaijan ($X) constitutes the largest market for imported buckwheat in the CIS, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports. It was followed by Kyrgyzstan, with a X% share.

In Azerbaijan, buckwheat imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Kyrgyzstan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price posted a resilient increase. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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