Eastern Asia: Buckwheat Market 2024

Buckwheat Market Size in Eastern Asia

In 2022, the East Asian buckwheat market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption recorded a slight shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Buckwheat Production in Eastern Asia

In value terms, buckwheat production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible contraction. The growth pace was the most rapid in 2019 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of buckwheat production was China (X tons), comprising approx. X% of total volume. Moreover, buckwheat production in China exceeded the figures recorded by the second-largest producer, Japan (X tons), more than tenfold.

In China, buckwheat production plunged by an average annual rate of X% over the period from 2012-2022.

The average buckwheat yield stood at X kg per ha in 2022, therefore, remained relatively stable against the previous year. In general, the yield, however, saw a mild slump. The growth pace was the most rapid in 2016 when the yield increased by X%. The level of yield peaked at X kg per ha in 2012; however, from 2013 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.

The buckwheat harvested area amounted to X ha in 2022, approximately mirroring 2021. Over the period under review, the harvested area, however, recorded a mild downturn. The growth pace was the most rapid in 2016 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

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Buckwheat Exports

Exports in Eastern Asia

In 2022, after three years of decline, there was significant growth in overseas shipments of buckwheat, when their volume increased by X% to X tons. In general, exports, however, faced a abrupt decline. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, buckwheat exports surged to $X in 2022. Overall, exports, however, faced a deep slump. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) represented roughly X% of total exports in 2022.

China was also the fastest-growing in terms of the buckwheat exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest buckwheat supplier in Eastern Asia.

In China, buckwheat exports declined by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. Export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, buckwheat export price increased by X% against 2018 indices. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Buckwheat Imports

Imports in Eastern Asia

In 2022, imports of buckwheat in Eastern Asia shrank to X tons, declining by X% on the previous year. Overall, imports recorded a slight descent. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, buckwheat imports amounted to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X tons) was the key importer of buckwheat, mixing up X% of total imports. It was distantly followed by China (X tons) and South Korea (X tons), together making up a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Japan ($X) constitutes the largest market for imported buckwheat in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Japan amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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