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World - Buckwheat - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Global Buckwheat Market Overview 2021

Buckwheat Market Size

In 2020, the global buckwheat market increased by X% to $X for the first time since 2016, thus ending a three-year declining trend. Overall, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. from 2012 to 2020, the growth of the global market failed to regain the momentum.

Buckwheat Production

In value terms, buckwheat production surged to $X in 2020 estimated in export prices. in general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. from 2012 to 2020, global production growth remained at a lower figure.

The countries with the highest volumes of buckwheat production in 2020 were Russia (X tonnes), China (X tonnes) and France (X tonnes), with a combined X% 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 X 2007 to 2020, the biggest increases were in Lithuania, while buckwheat production for the other global leaders experienced more modest paces of growth.

In 2020, the global average yield of buckwheat totaled X tonnes per ha, leveling off at the previous year's figure. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 when the yield increased by X% y-o-y. The global yield peaked in 2020 and is likely to see steady growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The global buckwheat harvested area shrank modestly to X ha in 2020, declining by -X% compared with the year before. Over the period under review, the harvested area recorded a pronounced descent. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. The global harvested area peaked at X ha in 2017; however, from 2018 to 2020, the harvested area failed to regain the momentum.

Production by Country

The countries with the highest volumes of buckwheat production in 2020 were Russia (X tonnes), China (X tonnes) and France (X tonnes), together comprising X% of global production. These countries were followed by Poland, the U.S., Ukraine, Lithuania, Brazil, Japan and Kazakhstan, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of buckwheat production, amongst the leading producing countries, was attained by Lithuania, while buckwheat production for the other global leaders experienced more modest paces of growth.

Buckwheat Exports

Exports

In 2020, approx. X tonnes of buckwheat were exported worldwide; growing by X% on 2019 figures. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. Over the period under review, global exports reached the maximum in 2020 and are likely to continue growth in the immediate term.

In value terms, buckwheat exports rose sharply to $X in 2020. The total export value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Global exports peaked at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

In 2020, Russia (X tonnes) was the key exporter of buckwheat, comprising X% of total exports. It was distantly followed by the U.S. (X tonnes), China (X tonnes), Poland (X tonnes), Lithuania (X tonnes) and Latvia (X tonnes), together generating a X% share of total exports. The following exporters - Belarus (X tonnes), Kazakhstan (X tonnes) and Canada (X tonnes) - together made up X% of total exports.

From 2007 to 2020, average annual rates of growth with regard to buckwheat exports from Russia stood at +X%. at the same time, Belarus (+X%), Latvia (+X%), Poland (+X%), Lithuania (+X%), Kazakhstan (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. The U.S. experienced a relatively flat trend pattern. by contrast, China (-X%) illustrated a downward trend over the same period. While the share of Russia (+X p.p.), Poland (+X p.p.), Latvia (+X p.p.), Belarus (+X p.p.) and Lithuania (+X p.p.) increased significantly in terms of the global exports from 2007-2020, the share of China (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest buckwheat supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global exports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Russia stood at +X%. in the other countries, the average annual rates were as follows: the U.S. (+X% per year) and China (-X% per year).

Export Prices by Country

The average buckwheat export price stood at $X per tonne in 2020, with a decrease of -X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2010 an increase of X% year-to-year. Global export price peaked at $X per tonne in 2016; however, from 2017 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. in 2020, the country with the highest price was the U.S. ($X per tonne), while Russia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Kazakhstan, while the other global leaders experienced more modest paces of growth.

Buckwheat Imports

Imports

In 2020, purchases abroad of buckwheat decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated mild growth from 2007 to 2020: its volume 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, imports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, global imports reached the maximum at X tonnes in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, buckwheat imports skyrocketed to $X in 2020. Overall, total imports indicated a moderate 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. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. from 2012 to 2020, the growth of global imports remained at a somewhat lower figure.

Imports by Country

In 2020, Ukraine (X tonnes) and Japan (X tonnes) were the major importers of buckwheataround the world, together making up X% of total imports. Poland (X tonnes) held the next position in the ranking, followed by the Czech Republic (X tonnes) and Italy (X tonnes). All these countries together held approx. X% share of total imports. The U.S. (X tonnes), France (X tonnes), Lithuania (X tonnes), Germany (X tonnes), Latvia (X tonnes), the Netherlands (X tonnes), Georgia (X tonnes) and Kazakhstan (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Czech Republic, while imports for the other global leaders experienced more modest paces of growth.

In value terms, Japan ($X), Ukraine ($X) and Italy ($X) were the countries with the highest levels of imports in 2020, together accounting for X% of global imports. These countries were followed by Poland, the U.S., France, Germany, the Czech Republic, the Netherlands, Georgia, Latvia, Lithuania and Kazakhstan, which together accounted for a further X terms of the main importing countries, the Czech Republic recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average buckwheat import price stood at $X per tonne in 2020, growing by X% against the previous year. in general, import price indicated a measured expansion from 2007 to 2020: its price 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, buckwheat import price increased by +X% against 2018 indices. The growth pace was the most rapid in 2011 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. in 2020, the country with the highest price was the Netherlands ($X per tonne), while Kazakhstan ($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 Netherlands, while the other global leaders experienced more modest paces of growth.

Source: IndexBox 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 Russia (666K tonnes), China (406K tonnes) and France (206K tonnes), together comprising 64% of global consumption. Poland, Ukraine, the U.S., Japan, Lithuania, Brazil and Kazakhstan lagged somewhat behind, together comprising a further 28%.
What are the largest producers of buckwheat in the world?
+
The countries with the highest volumes of buckwheat production in 2020 were Russia (770K tonnes), China (416K tonnes) and France (200K tonnes), together comprising 69% of global production. Poland, the U.S., Ukraine, Lithuania, Brazil, Japan and Kazakhstan lagged somewhat behind, together comprising a further 25%.
What are the leading exporters of buckwheat in the world?
+
In value terms, Russia ($29M) remains the largest buckwheat supplier worldwide, comprising 29% of global exports. The second position in the ranking was occupied by the U.S. ($11M), with a 11% share of global exports. It was followed by China, with a 9.1% share.
What are the leading importers of buckwheat in the world?
+
In value terms, the largest buckwheat importing markets worldwide were Japan ($23M), Ukraine ($15M) and Italy ($8.4M), together accounting for 40% of global imports. These countries were followed by Poland, the U.S., France, Germany, the Czech Republic, the Netherlands, Georgia, Latvia, Lithuania and Kazakhstan, which together accounted for a further 38%.
What is the average export price for buckwheat in the world?
+
In 2020, the average buckwheat export price amounted to $476 per tonne, waning by -1.9% against the previous year.
What is the average import price for buckwheat in the world?
+
The average buckwheat import price stood at $632 per tonne in 2020, rising by 22% against the previous year.

Product coverage:
• FCL 89 - Buckwheat

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



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

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

The Largest Exporters on The Market and How They Succeed

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

11. COUNTRY PROFILES

The Largest Markets and Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
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, by Country, 2015–2020
Table 5:
Production, in Physical Terms, by Country, 2007–2020
Table 6:
Harvested Area, by Country, 2007–2020
Table 7:
Yield, by Country, 2007–2020
Table 8:
Imports, in Physical Terms, by Country, 2007–2020
Table 9:
Imports, in Value Terms, by Country, 2007–2020
Table 10:
Import Prices, by Country of Destination, 2007–2020
Table 11:
Exports, in Physical Terms, by Country, 2007–2020
Table 12:
Exports, in Value Terms, by Country, 2007–2020
Table 13:
Export Prices, by Country of Origin, 2007–2020
Table 14:
Producer Prices, by Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), by Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, in Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, by Country, 2020
Figure 4:
Market Forecast to 2030
Figure 5:
Products: Market Size and Growth, by Type
Figure 6:
Products: Average Per Capita Consumption, by Type
Figure 7:
Products: Exports and Growth, by Type
Figure 8:
Products: Export Prices and Growth, by Type
Figure 9:
Production Volume and Growth
Figure 10:
Yield and Growth
Figure 11:
Exports and Growth
Figure 12:
Export Prices and Growth
Figure 13:
Market Size and Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports and Growth
Figure 16:
Import Prices
Figure 17:
Production, in Physical Terms, 2007–2020
Figure 18:
Production, in Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, by Country, 2020
Figure 22:
Production, in Physical Terms, by Country, 2007–2020
Figure 23:
Harvested Area, by Country, 2020
Figure 24:
Harvested Area, by Country, 2007–2020
Figure 25:
Yield, by Country, 2007–2020
Figure 26:
Imports, in Physical Terms, 2007–2020
Figure 27:
Imports, in Value Terms, 2007–2020
Figure 28:
Imports, in Physical Terms, by Country, 2020
Figure 29:
Imports, in Physical Terms, by Country, 2007–2020
Figure 30:
Imports, in Value Terms, by Country, 2007–2020
Figure 31:
Import Prices, by Country, 2007–2020
Figure 32:
Exports, in Physical Terms, 2007–2020
Figure 33:
Exports, in Value Terms, 2007–2020
Figure 34:
Exports, in Physical Terms, by Country, 2020
Figure 35:
Exports, in Physical Terms, by Country, 2007–2020
Figure 36:
Exports, in Value Terms, by Country, 2007–2020
Figure 37:
Export Prices, 2007–2020
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