Report Latin America and the Caribbean - Buckwheat - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Sep 9, 2022

Latin America and the Caribbean - Buckwheat - Market Analysis, Forecast, Size, Trends and Insights
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Latin America and the Caribbean: Buckwheat Market 2022

Buckwheat Market Size in Latin America and the Caribbean

The Latin American buckwheat market reached $X in 2021, almost unchanged from the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Buckwheat Production in Latin America and the Caribbean

In value terms, buckwheat production fell slightly to $X in 2021 estimated in export price. In general, production continues to indicate a slight setback. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Brazil (X tons) remains the largest buckwheat producing country in Latin America and the Caribbean, accounting for X% of total volume. It was followed by Jamaica (X tons), with less than X% share of total production.

From 2012 to 2021, the average annual growth rate of volume in Brazil was relatively modest.

In 2021, the average buckwheat yield in Latin America and the Caribbean dropped modestly to X tons per ha, remaining relatively unchanged against the previous year. The yield figure increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the yield increased by less than X% against the previous year. The level of yield peaked at X tons per ha in 2020, and then fell modestly in the following year. 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 shrank to X ha in 2021, approximately equating the previous year's figure. Overall, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of less than X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2014 to 2021, the growth of the buckwheat harvested area remained at a lower figure.

Buckwheat Exports

Exports in Latin America and the Caribbean

In 2021, exports of buckwheat in Latin America and the Caribbean contracted to X tons, dropping by -X% on 2020. Overall, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, buckwheat exports rose significantly to $X in 2021. In general, exports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of export peaked in 2021 and is likely to continue growth in the near future.

Exports by Country

In 2021, Brazil (X tons) represented the main exporter of buckwheat in Latin America and the Caribbean, achieving X% of total export.

Brazil was also the fastest-growing in terms of the buckwheat exports, with a CAGR of +X% from 2012 to 2021. From 2012 to 2021, the share of Brazil increased by less than X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest buckwheat supplier in Latin America and the Caribbean.

From 2012 to 2021, the average annual growth rate of value in Brazil totaled +X%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, increasing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to +X% per year.

Buckwheat Imports

Imports in Latin America and the Caribbean

In 2021, overseas purchases of buckwheat were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, buckwheat imports soared to $X in 2021. Overall, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Mexico prevails in imports structure, accounting for X tons, which was approx. X% of total imports in 2021. It was distantly followed by Uruguay (X tons), comprising a X% share of total imports. The following importers - Suriname (X tons) and Ecuador (X tons) - each recorded a less than X% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to buckwheat imports into Mexico stood at +X%. At the same time, Ecuador (+X%), Uruguay (+X%) and Suriname (+X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. While the share of Mexico (+X p.p.) and Ecuador (less than X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Suriname (-X p.p.) and Uruguay (-X p.p.) displayed negative dynamics.

In value terms, Mexico ($X) constitutes the largest market for imported buckwheat in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Uruguay ($X), with a X% share of total imports. It was followed by Suriname, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico amounted to +X%. In the other countries, the average annual rates were as follows: Uruguay (+X% per year) and Suriname (+X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, which is down by -X% against the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Suriname ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Suriname (+X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for buckwheat in LatAmerica and the Caribbean?
+
Brazil constituted the country with the largest volume of buckwheat consumption, accounting for 99.9% of total volume. It was followed by Jamaica, with less than 0.1% share of total consumption.
What are the largest producers of buckwheat in LatAmerica and the Caribbean?
+
Brazil constituted the country with the largest volume of buckwheat production, accounting for 99.9% of total volume. It was followed by Jamaica, with less than 0.1% share of total production.
What are the leading exporters of buckwheat in LatAmerica and the Caribbean?
+
In value terms, Brazil remains the largest buckwheat supplier in Latin America and the Caribbean.
What are the leading importers of buckwheat in LatAmerica and the Caribbean?
+
In value terms, Mexico constitutes the largest market for imported buckwheat in Latin America and the Caribbean, comprising 62% of total imports. The second position in the ranking was held by Uruguay, with a 13% share of total imports. It was followed by Suriname, with a 7.5% share.
What is the average export price for buckwheat in LatAmerica and the Caribbean?
+
In 2021, the export price in Latin America and the Caribbean amounted to $569 per ton, jumping by 23% against the previous year.
What is the average import price for buckwheat in LatAmerica and the Caribbean?
+
In 2021, the import price in Latin America and the Caribbean amounted to $594 per ton, waning by -27.7% against the previous year.

This report provides an in-depth analysis of the buckwheat market in Latin America and the Caribbean. 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 2030.


Product coverage:
• FCL 89 - Buckwheat
Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• 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. 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. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2021
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

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2015–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Harvested Area, By Country, 2012–2021
Table 7:
Yield, By Country, 2012–2021
Table 8:
Imports, In Physical Terms, By Country, 2012–2021
Table 9:
Imports, In Value Terms, By Country, 2012–2021
Table 10:
Import Prices, By Country Of Destination, 2012–2021
Table 11:
Exports, In Physical Terms, By Country, 2012–2021
Table 12:
Exports, In Value Terms, By Country, 2012–2021
Table 13:
Export Prices, By Country Of Origin, 2012–2021
Table 14:
Producer Prices, By Major Producing Country, 2021
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
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, 2012–2021
Figure 18:
Production, In Value Terms, 2012–2021
Figure 19:
Area Harvested, 2012–2021
Figure 20:
Yield, 2012–2021
Figure 21:
Production, By Country, 2021
Figure 22:
Production, In Physical Terms, By Country, 2012–2021
Figure 23:
Harvested Area, By Country, 2021
Figure 24:
Harvested Area, By Country, 2012–2021
Figure 25:
Yield, By Country, 2012–2021
Figure 26:
Imports, In Physical Terms, 2012–2021
Figure 27:
Imports, In Value Terms, 2012–2021
Figure 28:
Imports, In Physical Terms, By Country, 2021
Figure 29:
Imports, In Physical Terms, By Country, 2012–2021
Figure 30:
Imports, In Value Terms, By Country, 2012–2021
Figure 31:
Import Prices, By Country, 2012–2021
Figure 32:
Exports, In Physical Terms, 2012–2021
Figure 33:
Exports, In Value Terms, 2012–2021
Figure 34:
Exports, In Physical Terms, By Country, 2021
Figure 35:
Exports, In Physical Terms, By Country, 2012–2021
Figure 36:
Exports, In Value Terms, By Country, 2012–2021
Figure 37:
Export Prices, 2012–2021
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