Luxembourg: Buckwheat Market 2024

Buckwheat Market Size in Luxembourg

The Luxembourg buckwheat market surged to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption continues to indicate a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Buckwheat Production in Luxembourg

In value terms, buckwheat production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the production volume increased by X%. Buckwheat production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average buckwheat yield in Luxembourg totaled less than X kg per ha, leveling off at 2021. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the buckwheat harvested area in Luxembourg was estimated at less than X ha, remaining constant against the previous year. In general, the harvested area recorded a relatively flat trend pattern.

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Buckwheat Exports

Exports from Luxembourg

In 2022, overseas shipments of buckwheat decreased by X% to X kg, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, buckwheat exports fell sharply to $X in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X kg), Germany (X kg) and France (X kg) were the main destinations of buckwheat exports from Luxembourg, together accounting for X% of total exports. These countries were followed by Azerbaijan, which accounted for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Azerbaijan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for buckwheat exported from Luxembourg were Germany ($X), Belgium ($X) and France ($X), with a combined X% share of total exports. Azerbaijan lagged somewhat behind, comprising a further X%.

Azerbaijan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average buckwheat export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Buckwheat Imports

Imports into Luxembourg

In 2022, approx. X tons of buckwheat were imported into Luxembourg; growing by X% on the year before. Over the period under review, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, buckwheat imports surged to $X in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Lithuania (X tons) and France (X tons) were the main suppliers of buckwheat imports to Luxembourg, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Lithuania ($X) and France ($X) constituted the largest buckwheat suppliers to Luxembourg, with a combined X% share of total imports.

Among the main suppliers, France, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average buckwheat import price amounted to $X per ton, dropping by X% against the previous year. Overall, the import price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%).

Source: IndexBox Platform

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