SADC: Buckwheat Market 2024

Buckwheat Market Size in SADC

The SADC buckwheat market reached $X in 2022, with an increase of X% against the previous year. Overall, consumption saw a buoyant expansion. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Buckwheat Production in SADC

In value terms, buckwheat production reduced slightly to $X in 2022 estimated in export price. In general, production, however, showed pronounced growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

The country with the largest volume of buckwheat production was Tanzania (X tons), accounting for X% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in Tanzania stood at X%.

In 2022, the average buckwheat yield in SADC reduced to X tons per ha, remaining constant against the year before. Over the period under review, the yield, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha; afterwards, it flattened through to 2022. 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 dropped modestly to X ha in 2022, approximately equating the year before. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2021, and then shrank in the following year.

Buckwheat Exports

Exports in SADC

After four years of growth, shipments abroad of buckwheat decreased by X% to X tons in 2022. Over the period under review, exports showed a precipitous contraction. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, buckwheat exports fell notably to $X in 2022. In general, exports recorded a sharp slump. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of buckwheat, namely South Africa, represented more than two-thirds of total export.

South Africa was also the fastest-growing in terms of the buckwheat exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of South Africa increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest buckwheat supplier in SADC.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at X%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price posted significant growth. As a result, the export price attained 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 South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to X% per year.

Buckwheat Imports

Imports in SADC

In 2022, overseas purchases of buckwheat decreased by X% to X tons, falling for the third year in a row after three years of growth. In general, imports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, buckwheat imports declined remarkably to $X in 2022. Overall, imports faced a dramatic downturn. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

South Africa was the major importer of buckwheat in SADC, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Democratic Republic of the Congo (X tons), comprising a X% share of total imports. The following importers - Botswana (X tons) and Zimbabwe (X tons) - together made up X% of total imports.

South Africa was also the fastest-growing in terms of the buckwheat imports, with a CAGR of X% from 2012 to 2022. At the same time, Democratic Republic of the Congo (X%) and Zimbabwe (X%) displayed positive paces of growth. By contrast, Botswana (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Democratic Republic of the Congo (X p.p.), Botswana (X p.p.) and Zimbabwe (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported buckwheat in SADC, comprising X% of total imports. The second position in the ranking was taken by Botswana ($X), with a X% share of total imports. It was followed by Democratic Republic of the Congo, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Botswana (X% per year) and Democratic Republic of the Congo (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price, however, showed a moderate increase. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Botswana ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zimbabwe (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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