Saudi Arabia: Buckwheat Market 2022

Buckwheat Market Size in Saudi Arabia

In 2021, the Saudi buckwheat market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, saw a significant expansion. Buckwheat consumption peaked at $X in 2020, and then contracted in the following year.

Buckwheat Production in Saudi Arabia

In value terms, buckwheat production shrank to $X in 2021 estimated in export prices. Over the period under review, production, however, posted a significant expansion. The growth pace was the most rapid in 2013 when the production volume increased by X% y-o-y. Buckwheat production peaked at $X in 2020, and then dropped slightly in the following year.

In 2021, the average yield of buckwheat in Saudi Arabia amounted to less than X kg per ha, remaining stable against the year before. In general, the yield showed 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 2021, the buckwheat harvested area in Saudi Arabia was estimated at less than X ha, approximately reflecting the year before. Overall, the harvested area saw a relatively flat trend pattern.

Buckwheat Exports

Exports from Saudi Arabia

After three years of decline, overseas shipments of buckwheat increased by X% to X kg in 2021. Overall, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, buckwheat exports stood at $X in 2021. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2015 when exports increased by X% y-o-y. Over the period under review, the exports reached the peak figure at $X in 2018; afterwards, it flattened through to 2021.

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 2012 to 2021, the average annual rate of growth in terms 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 2012 to 2021, the average annual growth rate of value to Yemen totaled +X%.

Export Prices by Country

In 2021, the average buckwheat export price amounted to $X per tonne, reducing by -X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% y-o-y. As a result, the export price reached the peak level of $X per tonne. From 2014 to 2021, the the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Yemen amounted to +X% per year.

Buckwheat Imports

Imports into Saudi Arabia

In 2021, purchases abroad of buckwheat decreased by X% to less than X kg for the first time since 2018, thus ending a two-year declining trend. Overall, imports showed a relatively flat trend pattern. Imports peaked at X tonnes in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, buckwheat imports totaled $less than X in 2021. Over the period under review, imports saw a relatively flat trend pattern. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Yemen (X tonnes) was the main supplier of buckwheat to Saudi Arabia, accounting for a approx. X% share of total imports.

From 2012 to 2018, the average annual growth rate of volume from Yemen was relatively modest.

In value terms, Yemen ($X) constituted the largest supplier of buckwheat to Saudi Arabia.

From 2012 to 2018, the average annual growth rate of value from Yemen was relatively modest.

Import Prices by Country

In 2018, the average buckwheat import price amounted to $X per tonne, standing approx. at the previous year. Overall, the import price recorded a relatively flat trend pattern. The import price peaked in 2018 and is expected to retain growth in the near future.

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

From 2012 to 2018, the rate of growth in terms of prices for Yemen amounted to X% per year.

Source: IndexBox Platform