Israel: Buckwheat Market Overview 2021

Buckwheat Market Size in Israel

The Israeli buckwheat market skyrocketed to $X in 2020, 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). Over the period under review, consumption, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the market value increased by X% against the previous year. Buckwheat consumption peaked at $X in 2015; however, from 2016 to 2020, consumption remained at a lower figure.

Buckwheat Exports

Exports from Israel

In 2020, shipments abroad of buckwheat decreased by -X% to X tonnes, falling for the fourth consecutive year after two years of growth. In general, exports showed a pronounced decrease. The growth pace was the most rapid in 2011 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at X tonnes in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

In value terms, buckwheat exports dropped dramatically to $X in 2020. Over the period under review, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at $X in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

Exports by Country

The U.S. (X kg), Canada (X kg) and Austria (X kg) were the main destinations of buckwheat exports from Israel, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada, while exports for the other leaders experienced a decline.

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

From 2007 to 2020, the average annual growth rate of value to the U.S. totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and Austria (-X% per year).

Export Prices by Country

In 2020, the average buckwheat export price amounted to $X per tonne, reducing by -X% against the previous year. Overall, the export price saw a noticeable decrease. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Austria ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced a decline.

Buckwheat Imports

Imports into Israel

In 2020, after two years of growth, there was decline in overseas purchases of buckwheat, when their volume decreased by -X% to X tonnes. Overall, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2015; however, from 2016 to 2020, imports remained at a lower figure.

In value terms, buckwheat imports soared to $X in 2020. Over the period under review, imports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

Imports by Country

China (X tonnes), Russia (X tonnes) and Ukraine (X tonnes) were the main suppliers of buckwheat imports to Israel, together accounting for X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest buckwheat suppliers to Israel were China ($X), Russia ($X) and Ukraine ($X), with a combined X% share of total imports.

China (+X% per year) recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average buckwheat import price stood at $X per tonne in 2020, with an increase of X% against the previous year. In general, import price indicated measured growth from 2007 to 2020: its price 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. The import price peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Ukraine ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia, 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 2020 were China (821K tonnes), Russia (738K tonnes) and France (202K tonnes), with a combined 71% share of global consumption. Poland, Ukraine, the U.S., Japan, Lithuania, Brazil and Kazakhstan lagged somewhat behind, together comprising 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 2020 were China (831K tonnes), Russia (770K tonnes) and France (200K tonnes), with a combined 74% share of global production. Poland, the U.S., Ukraine, Lithuania, Brazil, Japan and Kazakhstan lagged somewhat behind, together accounting for a further 21%.

What are the leading suppliers of buckwheat to Israel?

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In value terms, the largest buckwheat suppliers to Israel were China ($191K), Russia ($160K) and Ukraine ($77K), together accounting for 100% of total imports.

What are the leading importers of buckwheat from Israel?

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In value terms, the U.S. ($1.6K) remains the key foreign market for buckwheat exports from Israel, comprising 68% of total exports. The second position in the ranking was occupied by Canada ($730), with a 30% share of total exports.

What is the average export price for buckwheat in Israel?

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In 2020, the average buckwheat export price amounted to $1,863 per tonne, falling by -5.1% against the previous year.

What is the average import price for buckwheat in Israel?

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The average buckwheat import price stood at $782 per tonne in 2020, rising by 31% against the previous year.