Saudi Arabia: Buckwheat Market Overview 2021

Buckwheat Market Size in Saudi Arabia

The Saudi buckwheat market surged to $X in 2020, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a noticeable expansion. The most prominent rate of growth was recorded in 2013 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs in 2020 and is likely to continue growth in years to come.

Buckwheat Exports

Exports from Saudi Arabia

In 2020, exports of buckwheat from Saudi Arabia declined significantly to X kg, with a decrease of -X% on 2019 figures. Over the period under review, exports saw a deep downturn. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. From 2011 to 2020, the growth exports remained at a lower figure.

In value terms, buckwheat exports shrank sharply to $X in 2020. In general, exports faced a drastic downturn. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

Exports by Country

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

From 2007 to 2020, the average annual rate of growth in terms of volume to Yemen totaled -X%.

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

From 2007 to 2020, the average annual growth rate of value to Yemen totaled -X%.

Export Prices by Country

In 2020, the average buckwheat export price amounted to $X per tonne, therefore, remained relatively stable against the previous year. Over the period under review, the export price enjoyed slight growth. The pace of growth appeared 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 2020, 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 2020, the rate of growth in terms of prices for Yemen amounted to +X% per year.

Buckwheat Imports

Imports into Saudi Arabia

Buckwheat imports into Saudi Arabia surged to X tonnes in 2020, with an increase of X% on 2019 figures. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, buckwheat imports soared to $X in 2020. Over the period under review, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the near future.

Imports by Country

Yemen (X tonnes), Pakistan (X tonnes) and India (X tonnes) were the main suppliers of buckwheat imports to Saudi Arabia.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Yemen, while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest buckwheat suppliers to Saudi Arabia were India ($X), Yemen ($X) and Pakistan ($X), together accounting for X% of total imports.

Yemen saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average buckwheat import price stood at $X per tonne in 2020, picking up by X% against the previous year. Over the period under review, the import price posted buoyant growth. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was India ($X per tonne), while the price for Pakistan ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

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 2020 were China (821K tonnes), Russia (738K tonnes) and France (202K tonnes), with a combined 71% share of global consumption. These countries were followed by Poland, Ukraine, the U.S., Japan, Lithuania, Brazil 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 2020 were China (831K tonnes), Russia (770K tonnes) and France (200K tonnes), together accounting for 74% of global production. These countries were followed by Poland, the U.S., Ukraine, Lithuania, Brazil, Japan and Kazakhstan, which together accounted for a further 21%.

What are the leading suppliers of buckwheat to Saudi Arabia?

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In value terms, India ($107K), Yemen ($55K) and Pakistan ($27K) appeared to be the largest buckwheat suppliers to Saudi Arabia, with a combined 100% share of total imports.

What are the leading importers of buckwheat from Saudi Arabia?

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In value terms, Yemen ($248) 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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In 2020, the average buckwheat export price amounted to $2,344 per tonne, remaining constant against 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 $1,187 per tonne in 2020, rising by 39% against the previous year.