Saudi Arabia: Buckwheat Market Overview 2021

Buckwheat Market Size in Saudi Arabia

After four years of growth, the Saudi buckwheat market decreased by -X% to $X in 2019. Overall, consumption recorded a abrupt setback. The pace of growth appeared the most rapid in 2011 when the market value increased by X% year-to-year. Over the period under review, the market attained the peak level at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.

Buckwheat Exports

Exports from Saudi Arabia

Buckwheat exports from Saudi Arabia shrank remarkably to X kg in 2019, waning by -X% against the previous year. Over the period under review, exports faced a abrupt descent. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes. From 2011 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, buckwheat exports contracted rapidly to $X in 2019. Overall, exports recorded a drastic downturn. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Exports peaked at $X in 2010; however, from 2011 to 2019, exports failed to regain the momentum.

Exports by Country

Yemen (X kg) was the main destination for buckwheat exports from Saudi Arabia, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Yemen amounted to -X%.

In value terms, Yemen ($X) also remains the key foreign market for buckwheat exports from Saudi Arabia.

From 2007 to 2019, the average annual rate of growth in terms of value to Yemen totaled -X%.

Export Prices by Country

The average buckwheat export price stood at $X per tonne in 2019, flattening at the previous year. Overall, the export price saw mild growth. The growth pace was the most rapid in 2011 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per tonne in 2013; however, from 2014 to 2019, export prices stood at a somewhat lower figure.

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

From 2007 to 2019, the rate of growth in terms of prices for Yemen amounted to +X% per year.

Buckwheat Imports

Imports into Saudi Arabia

In 2019, supplies from abroad of buckwheat decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, buckwheat imports reduced sharply to $X in 2019. In general, imports recorded a slight curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. Imports peaked at $X in 2018, and then reduced dramatically in the following year.

Imports by Country

In 2019, Yemen (X tonnes) constituted the largest supplier of buckwheat to Saudi Arabia, accounting for a X% share of total imports. Moreover, buckwheat imports from Yemen exceeded the figures recorded by the second-largest supplier, India (X tonnes), fourfold.

From 2007 to 2019, the average annual growth rate of volume from Yemen totaled +X%.

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

From 2007 to 2019, the average annual rate of growth in terms of value from Yemen stood at +X%.

Import Prices by Country

The average buckwheat import price stood at $X per tonne in 2019, dropping by -X% against the previous year. Overall, the import price, however, showed a resilient expansion. The growth pace was the most rapid in 2013 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2014 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was India ($X per tonne), while the price for Yemen totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for buckwheat in the world?

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The countries with the highest volumes of buckwheat consumption in 2019 were China (859K tonnes), Russia (723K tonnes) and France (194K tonnes), together comprising 72% of global consumption. These countries were followed by Poland, Ukraine, Japan, the U.S., Brazil, Lithuania and Kazakhstan, which together accounted for a further 22%.

What are the largest producers of buckwheat in the world?

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The countries with the highest volumes of buckwheat production in 2019 were China (860K tonnes), Russia (786K tonnes) and France (192K tonnes), with a combined 75% share of global production. These countries were followed by Poland, Ukraine, the U.S., Brazil, Lithuania, Kazakhstan and Japan, which together accounted for a further 21%.

What are the leading suppliers of buckwheat to Saudi Arabia?

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In value terms, Yemen ($22K) constituted the largest supplier of buckwheat to Saudi Arabia, comprising 72% of total imports. The second position in the ranking was occupied by India ($7.9K), with a 26% share of total imports.

What are the leading importers of buckwheat from Saudi Arabia?

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In value terms, Yemen ($292) remains the key foreign market for buckwheat exports from Saudi Arabia.

What is the average export price for buckwheat in Saudi Arabia?

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The average buckwheat export price stood at $2,317 per tonne in 2019, approximately reflecting the previous year.

What is the average import price for buckwheat in Saudi Arabia?

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The average buckwheat import price stood at $571 per tonne in 2019, declining by -8.4% against the previous year.