Russian Federation: Buckwheat Market 2024

Buckwheat Market Size in the Russian Federation

The Russian buckwheat market expanded to $X in 2022, growing by X% against the previous year. Overall, consumption saw a mild curtailment. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Buckwheat Production in the Russian Federation

In value terms, buckwheat production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

In 2022, the average yield of buckwheat in Russia rose to X tons per ha, picking up by X% compared with the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the average buckwheat yield reached the maximum level at X tons per ha in 2020; however, from 2021 to 2022, the yield failed to regain momentum. 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 in Russia declined to X ha in 2022, waning by X% against the previous year. Overall, the harvested area saw a mild decline. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the harvested area dedicated to buckwheat production reached the peak figure at X ha in 2016; however, from 2017 to 2022, the harvested area remained at a lower figure.

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Buckwheat Exports

Exports from the Russian Federation

In 2022, after two years of growth, there was significant decline in overseas shipments of buckwheat, when their volume decreased by X% to X tons. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, buckwheat exports totaled $X in 2022. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Lithuania (X tons), China (X tons) and Azerbaijan (X tons) were the main destinations of buckwheat exports from Russia, together comprising X% of total exports. Japan, Latvia, Georgia, Poland, Kazakhstan and Ukraine lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for buckwheat exported from Russia were Lithuania ($X), Azerbaijan ($X) and China ($X), with a combined X% share of total exports. Georgia, Latvia, Japan, Poland, Kazakhstan and Ukraine lagged somewhat behind, together comprising a further X%.

Georgia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2022, the average buckwheat export price amounted to $X per ton, growing by X% against the previous year. In general, the export price showed a notable increase. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Kazakhstan ($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 Tanzania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Buckwheat Imports

Imports into the Russian Federation

In 2022, imports of buckwheat into Russia contracted notably to X tons, reducing by X% compared with the year before. Over the period under review, imports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, buckwheat imports contracted significantly to $X in 2022. Overall, imports recorded a sharp decline. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Mongolia (X tons) and Kazakhstan (X tons) were the main suppliers of buckwheat imports to Russia.

From 2012 to 2022, the biggest increases were recorded for Mongolia (with a CAGR of X%).

In value terms, Mongolia ($X) constituted the largest supplier of buckwheat to Russia, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Mongolia was relatively modest.

Import Prices by Country

The average buckwheat import price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mongolia ($X per ton), while the price for Kazakhstan amounted to $X per ton.

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

Source: IndexBox Platform

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