Spain: Buckwheat Market Overview 2021

Buckwheat Market Size in Spain

The Spanish buckwheat market totaled $X in 2019, approximately reflecting 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). Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level in 2019 and is expected to retain growth in the immediate term.

Buckwheat Exports

Exports from Spain

In 2019, the amount of buckwheat exported from Spain declined remarkably to X tonnes, dropping by -X% against the previous year. Overall, exports showed a dramatic descent. The growth pace was the most rapid in 2018 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at X tonnes in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, buckwheat exports dropped significantly to $X in 2019. Over the period under review, exports faced a significant curtailment. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

Portugal (X tonnes) was the main destination for buckwheat exports from Spain, with a X% share of total exports. Moreover, buckwheat exports to Portugal exceeded the volume sent to the second major destination, the Netherlands (X tonnes), fourfold. The third position in this ranking was occupied by Italy (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Portugal totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-X% per year) and Italy (-X% per year).

In value terms, Portugal ($X) remains the key foreign market for buckwheat exports from Spain, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Portugal amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-X% per year) and Italy (-X% per year).

Export Prices by Country

In 2019, the average buckwheat export price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the export price recorded a slight slump. The pace of growth was the most pronounced in 2017 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Portugal ($X per tonne), while the average price for exports to Italy ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Portugal, while the prices for the other major destinations experienced a decline.

Buckwheat Imports

Imports into Spain

In 2019, approx. X tonnes of buckwheat were imported into Spain; jumping by X% on 2018. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, buckwheat imports soared to $X in 2019. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2019, the Netherlands (X tonnes) constituted the largest supplier of buckwheat to Spain, with a X% share of total imports. Moreover, buckwheat imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume from the Netherlands amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and the Czech Republic (+X% per year).

In value terms, the Netherlands ($X), Italy ($X) and the Czech Republic ($X) appeared to be the largest buckwheat suppliers to Spain, together comprising X% of total imports.

Italy (+X% per year) 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 2019, dropping by -X% against the previous year. Overall, the import price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2009 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per tonne in 2011; however, from 2012 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per tonne), while the price for the Czech Republic ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced a decline.

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), with a combined 72% share 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), together accounting for 75% 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 Spain?

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In value terms, the Netherlands ($2.2M), Italy ($1.1M) and the Czech Republic ($66K) constituted the largest buckwheat suppliers to Spain, with a combined 94% share of total imports.

What are the leading importers of buckwheat from Spain?

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In value terms, Portugal ($40K) remains the key foreign market for buckwheat exports from Spain, comprising 76% of total exports. The second position in the ranking was occupied by the Netherlands ($9.8K), with a 19% share of total exports. It was followed by Italy, with a 3.2% share.

What is the average export price for buckwheat in Spain?

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In 2019, the average buckwheat export price amounted to $267 per tonne, waning by -13.4% against the previous year.

What is the average import price for buckwheat in Spain?

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The average buckwheat import price stood at $307 per tonne in 2019, declining by -34.8% against the previous year.