Israel: Buckwheat Market 2022

Buckwheat Market Size in Israel

The Israeli buckwheat market soared to $X in 2021, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed strong growth. Buckwheat consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Buckwheat Exports

Exports from Israel

In 2021, after three years of growth, there was decline in overseas shipments of buckwheat, when their volume decreased by -X% to X tonnes. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by X% y-o-y. The exports peaked at X tonnes in 2020, and then declined modestly in the following year.

In value terms, buckwheat exports reduced modestly to $X in 2021. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% y-o-y. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tonnes) was the main destination for buckwheat exports from Israel, accounting for a X% share of total exports. Moreover, buckwheat exports to the United States exceeded the volume sent to the second major destination, Canada (X kg), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +X%.

In value terms, the United States ($X) remains the key foreign market for buckwheat exports from Israel, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with an X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +X%.

Export Prices by Country

The average buckwheat export price stood at $X per tonne in 2021, surging by X% against the previous year. Over the period under review, the export price enjoyed a slight increase. The pace of growth was the most pronounced in 2015 an increase of X% year-to-year. The export price peaked at $X per tonne in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Canada ($X per tonne), while the average price for exports to the United States amounted to $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+X%).

Buckwheat Imports

Imports into Israel

In 2021, overseas purchases of buckwheat were finally on the rise to reach X tonnes after two years of decline. In general, imports posted a prominent increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tonnes in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, buckwheat imports surged to $X in 2021. Over the period under review, imports showed buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tonnes), China (X tonnes) and the UK (X tonnes) were the main suppliers of buckwheat imports to Israel, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (+X%), while imports for the other leaders experienced more modest paces of growth.

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

From 2012 to 2021, the average annual growth rate of value from the UK amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Russia (+X% per year).

Import Prices by Country

In 2021, the average buckwheat import price amounted to $X per tonne, remaining constant against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs 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 supplying countries. In 2021, the country with the highest price was the UK ($X per tonne), while the price for Ukraine ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform