South-Eastern Asia: Buckwheat Market 2024

Buckwheat Market Size in South-Eastern Asia

In 2022, the Southeast Asian buckwheat market decreased by X% to $X, falling for the third consecutive year after two years of growth. In general, consumption continues to indicate a pronounced decrease. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Buckwheat Production in South-Eastern Asia

In value terms, buckwheat production surged to $X in 2022 estimated in export price. In general, production, however, posted a significant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

The country with the largest volume of buckwheat production was Cambodia (X tons), comprising approx. X% of total volume. Moreover, buckwheat production in Cambodia exceeded the figures recorded by the second-largest producer, Myanmar (X tons), twofold. Malaysia (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual growth rate of volume in Cambodia totaled X%. In the other countries, the average annual rates were as follows: Myanmar (X% per year) and Malaysia (X% per year).

Buckwheat Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of buckwheat increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, buckwheat exports soared to $X in 2022. Overall, exports, however, showed a noticeable setback. The pace of growth was the most pronounced in 2015 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2022. Malaysia (X tons) ranks second in terms of the total exports with a X% share, followed by Singapore (X%).

Exports from Myanmar increased at an average annual rate of X% from 2012 to 2022. At the same time, Singapore (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. While the share of Myanmar (X p.p.) and Singapore (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) displayed negative dynamics.

In value terms, Myanmar ($X), Malaysia ($X) and Singapore ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Singapore, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price showed a slight increase. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the export price figures.

Buckwheat Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of buckwheat decreased by X% to X tons, falling for the third consecutive year after two years of growth. Overall, imports showed a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, buckwheat imports fell markedly to $X in 2022. In general, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X tons) was the main importer of buckwheat, making up X% of total imports. It was distantly followed by Thailand (X tons), creating a X% share of total imports. Singapore (X tons) and Vietnam (X tons) followed a long way behind the leaders.

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

In value terms, the largest buckwheat importing markets in South-Eastern Asia were Malaysia ($X), Thailand ($X) and Singapore ($X), together accounting for X% of total imports. Vietnam lagged somewhat behind, comprising a further X%.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price saw a tangible expansion. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a 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 Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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