Finland: Buckwheat Market Overview 2021

Buckwheat Market Size in Finland

After two years of growth, the Finnish buckwheat market decreased by -X% to $X in 2019. Over the period under review, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2019, consumption remained at a lower figure.

Buckwheat Exports

Exports from Finland

In 2019, shipments abroad of buckwheat was finally on the rise to reach X tonnes for the first time since 2016, thus ending a two-year declining trend. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at X tonnes in 2016; however, from 2017 to 2019, exports failed to regain the momentum.

In value terms, buckwheat exports amounted to $X in 2019. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Exports peaked at $X in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Lithuania (X tonnes) was the main destination for buckwheat exports from Finland, accounting for a X% share of total exports. It was followed by Sweden (X kg), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Lithuania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+X% per year) and the Netherlands (+X% per year).

In value terms, Lithuania ($X) emerged as the key foreign market for buckwheat exports from Finland, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Lithuania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Sweden (+X% per year).

Export Prices by Country

In 2019, the average buckwheat export price amounted to $X per tonne, waning by -X% against the previous year. In general, the export price continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2011; however, from 2012 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Lithuania ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced more modest paces of growth.

Buckwheat Imports

Imports into Finland

In 2019, buckwheat imports into Finland dropped significantly to X tonnes, with a decrease of -X% on 2018 figures. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X tonnes in 2015; however, from 2016 to 2019, imports remained at a lower figure.

In value terms, buckwheat imports dropped sharply to $X in 2019. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Poland (X tonnes) constituted the largest supplier of buckwheat to Finland, with a X% share of total imports. Moreover, buckwheat imports from Poland exceeded the figures recorded by the second-largest supplier, Lithuania (X tonnes), sevenfold. The third position in this ranking was occupied by Sweden (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Poland stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (-X% per year) and Sweden (+X% per year).

In value terms, Poland ($X) constituted the largest supplier of buckwheat to Finland, comprising X% of total imports. The second position in the ranking was occupied by Sweden ($X), with a X% share of total imports. It was followed by Lithuania, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Poland totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+X% per year) and Lithuania (-X% per year).

Import Prices by Country

In 2019, the average buckwheat import price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, import price indicated a slight increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2011; however, from 2012 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Sweden ($X per tonne), while the price for Poland ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for buckwheat in the world?

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The countries with the highest volumes of buckwheat consumption in 2019 were China (859K tonnes), Russia (723K tonnes) and France (194K tonnes), with a combined 72% share of global consumption. Poland, Ukraine, Japan, the U.S., Brazil, Lithuania and Kazakhstan lagged somewhat behind, together accounting for a further 22%.

What are the largest producers of buckwheat in the world?

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The countries with the highest volumes of buckwheat production in 2019 were China (860K tonnes), Russia (786K tonnes) and France (192K tonnes), with a combined 75% share of global production. These countries were followed by Poland, Ukraine, the U.S., Brazil, Lithuania, Kazakhstan and Japan, which together accounted for a further 21%.

What are the leading suppliers of buckwheat to Finland?

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In value terms, Poland ($99K) constituted the largest supplier of buckwheat to Finland, comprising 57% of total imports. The second position in the ranking was occupied by Sweden ($25K), with a 14% share of total imports. It was followed by Lithuania, with a 12% share.

What are the leading importers of buckwheat from Finland?

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In value terms, Lithuania ($2.6K) emerged as the key foreign market for buckwheat exports from Finland, comprising 84% of total exports. The second position in the ranking was occupied by the Netherlands ($270), with a 8.7% share of total exports.

What is the average export price for buckwheat in Finland?

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The average buckwheat export price stood at $843 per tonne in 2019, reducing by -47.9% against the previous year.

What is the average import price for buckwheat in Finland?

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In 2019, the average buckwheat import price amounted to $1,282 per tonne, declining by -10% against the previous year.