CIS: Buckwheat Market 2022

Buckwheat Market Size in CIS

The CIS buckwheat market contracted to $X in 2021, dropping by -X% against the previous year. Overall, consumption recorded a mild descent. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Buckwheat Production in CIS

In value terms, buckwheat production fell sharply to $X in 2021 estimated in export prices. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

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

From 2012 to 2021, the average annual rate of growth in terms of volume in Russia was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Kazakhstan (-X% per year) and Belarus (-X% per year).

The average buckwheat yield contracted slightly to X tonnes per ha in 2021, which is down by -X% on the year before. The yield figure increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the yield increased by X% against the previous year. The level of yield peaked at X tonnes per ha in 2020, and then fell in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of buckwheat production in the CIS declined to X ha, which is down by -X% compared with the year before. Overall, the harvested area showed a perceptible decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2018 to 2021, the growth of the buckwheat harvested area remained at a lower figure.

Production By Country in CIS

Russia (X tonnes) remains the largest buckwheat producing country in the CIS, comprising approx. X% of total volume. Moreover, buckwheat production in Russia exceeded the figures recorded by the second-largest producer, Kazakhstan (X tonnes), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume in Russia was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Kazakhstan (-X% per year) and Belarus (-X% per year).

Buckwheat Exports

Exports in CIS

In 2021, buckwheat exports in the CIS stood at X tonnes, surging by X% against the previous year's figure. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, buckwheat exports surged to $X in 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Russia prevails in buckwheat exports structure, accounting for X tonnes, which was near X% of total exports in 2021. Kazakhstan (X tonnes) followed a long way behind the leaders.

Exports from Russia increased at an average annual rate of +X% from 2012 to 2021. At the same time, Kazakhstan (+X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +X% from 2012-2021. While the share of Kazakhstan (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Russia (-X p.p.) displayed negative dynamics.

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

From 2012 to 2021, the average annual rate of growth in terms of value in Russia totaled +X%.

Export Prices by Country

The buckwheat export price in the CIS stood at $X per tonne in 2021, surging by X% against the previous year. Over the period under review, the export price recorded a moderate increase. The pace of growth appeared the most rapid in 2020 when the export price increased by X% year-to-year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin: the country with the highest price was Kazakhstan ($X per tonne), while Russia stood at $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+X%).

Buckwheat Imports

Imports in CIS

In 2021, supplies from abroad of buckwheat increased by X% to X tonnes, rising for the third year in a row after two years of decline. Overall, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tonnes in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, buckwheat imports skyrocketed to $X in 2021. In general, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Kazakhstan represented the major importer of buckwheat in the CIS, with the volume of imports amounting to X tonnes, which was approx. X% of total imports in 2021. It was distantly followed by Belarus (X tonnes), Armenia (X tonnes), Russia (X tonnes) and Kyrgyzstan (X tonnes), together constituting a X% share of total imports.

Imports into Kazakhstan increased at an average annual rate of +X% from 2012 to 2021. At the same time, Kyrgyzstan (+X%), Armenia (+X%), Belarus (+X%) and Russia (+X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +X% from 2012-2021. From 2012 to 2021, the share of Kazakhstan, Kyrgyzstan and Armenia increased by +X, +X and +X percentage points, respectively.

In value terms, the largest buckwheat importing markets in the CIS were Kazakhstan ($X), Belarus ($X) and Kyrgyzstan ($X), with a combined X% share of total imports.

Among the main importing countries, Kyrgyzstan, 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

In 2021, the buckwheat import price in the CIS amounted to $X per tonne, surging by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2017 when the import price increased by X% y-o-y. The level of import peaked at $X per tonne in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Kyrgyzstan ($X per tonne), while Kazakhstan ($X per tonne) was amongst the lowest.

From 2012 to 2021, 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