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Philippines - Buckwheat - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Buckwheat Market Overview 2021

Buckwheat Market Size in the Philippines

In 2020, the Philippine buckwheat market decreased by -X% to $X for the first time since 2016, thus ending a three-year rising trend. Over the period under review, consumption showed slight growth. The most prominent rate of growth was recorded in 2019 when the market value increased by X% against the previous year. Buckwheat consumption peaked at $X in 2015; however, from 2016 to 2020, consumption stood at a somewhat lower figure.

Buckwheat Production in the Philippines

In value terms, buckwheat production contracted to $X in 2020 estimated in export prices. Over the period under review, production recorded moderate growth. The growth pace was the most rapid in 2019 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2020, production stood at a somewhat lower figure.

In 2020, the average yield of buckwheat in the Philippines amounted to X kg per ha, flattening at 2019. In general, the yield continues to indicate 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 2020, approx. X ha of buckwheat were harvested in the Philippines; remaining stable against the previous year's figure. In general, the harvested area showed a relatively flat trend pattern.

Buckwheat Exports

Exports from the Philippines

In 2020, the amount of buckwheat exported from the Philippines dropped rapidly to X tonnes, shrinking by -X% against the previous year. In general, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes. from 2017 to 2020, the growth exports failed to regain the momentum.

In value terms, buckwheat exports totaled $X in 2020. Overall, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. from 2017 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Japan (X tonnes) was the main destination for buckwheat exports from the Philippines, with a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Japan stood at +X%.

In value terms, Japan ($X) also remains the key foreign market for buckwheat exports from the Philippines.

From 2007 to 2020, the average annual rate of growth in terms of value to Japan amounted to +X%.

Export Prices by Country

The average buckwheat export price stood at $X per tonne in 2020, surging by X% against the previous year. Overall, export price indicated buoyant growth 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 export price increased by +X% against 2018 indices. The growth pace was the most rapid in 2019 an increase of X% year-to-year. The export price peaked in 2020 and is expected to retain growth in years to come.

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

From 2007 to 2020, the rate of growth in terms of prices for Japan amounted to +X% per year.

Buckwheat Imports

Imports into the Philippines

In 2020, supplies from abroad of buckwheat decreased by -X% to X tonnes, falling for the fourth year in a row after two years of growth. Overall, imports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2009; however, from 2010 to 2020, imports stood at a somewhat lower figure.

In value terms, buckwheat imports reduced dramatically to $X in 2020. Over the period under review, imports continue to indicate a precipitous decline. The pace of growth was the most pronounced in 2016 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. from 2017 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, the U.S. (X kg) constituted the largest buckwheat supplier to the Philippines, accounting for a X% share of total imports. Moreover, buckwheat imports from the U.S. exceeded the figures recorded by the second-largest supplier, India (X kg), tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Belgium (-X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of buckwheat to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Belgium (-X% per year).

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. Overall, the import price saw a strong expansion. The pace of growth was the most pronounced in 2010 an increase of X% year-to-year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for India ($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 U.S., while the prices for the other major suppliers experienced a decline.

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), with a combined 64% share of global consumption. Poland, Ukraine, the U.S., Japan, Lithuania, Brazil and Kazakhstan lagged somewhat behind, together accounting for 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), with a combined 69% 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 25%.
What are the leading suppliers of buckwheat to the Philippines?
+
In value terms, the U.S. ($666) constituted the largest supplier of buckwheat to the Philippines, comprising 97% of total imports. The second position in the ranking was occupied by India ($11), with a 1.6% share of total imports.
What are the leading importers of buckwheat from the Philippines?
+
In value terms, Japan ($14K) remains the key foreign market for buckwheat exports from the Philippines.
What is the average export price for buckwheat in the Philippines?
+
In 2020, the average buckwheat export price amounted to $864 per tonne, with an increase of 36% against the previous year.
What is the average import price for buckwheat in the Philippines?
+
In 2020, the average buckwheat import price amounted to $599 per tonne, increasing by 33% against the previous year.

Product coverage:
• FCL 89 - Buckwheat

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


Country coverage:
• Philippines

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Philippines
• 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

2.1
KEY FINDINGS
2.2
MARKET TRENDS  This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
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

This Chapter is Available Only for the Professional Edition PRO
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

This Chapter is Available Only for the Professional Edition PRO
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, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

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

The Largest Destinations for Exports

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

This Chapter is Available Only for the Professional Edition PRO
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 In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020
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