Spain - Buckwheat - Market Analysis, Forecast, Size, Trends and Insights

Spain: Buckwheat Market Overview 2020

Buckwheat Market Size in Spain

The revenue of the buckwheat market in Spain amounted to $X in 2018, picking up by X% against the previous year. Over the period under review, buckwheat consumption continues to indicate remarkable growth. The pace of growth was the most pronounced in 2014 when the market value increased by X% year-to-year. Over the period under review, the buckwheat market reached its maximum level in 2018 and is expected to retain its growth in the immediate term.

Buckwheat Production in Spain

In value terms, buckwheat production amounted to $X in 2018 estimated in export prices. In general, buckwheat production, however, continues to indicate an extraordinary expansion. Over the period under review, buckwheat production attained its maximum level at $X in 2015; however, from 2016 to 2018, production failed to regain its momentum.

In 2018, the average buckwheat yield in Spain stood at X kg per ha, remaining constant against the previous year. Over the period under review, the buckwheat yield continues to indicate 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.

Buckwheat harvested area in Spain stood at X ha in 2018, flattening at the previous year. Over the period under review, the buckwheat harvested area continues to indicate a relatively flat trend pattern.

Buckwheat Exports

Exports from Spain

In 2018, the amount of buckwheat exported from Spain amounted to X tonnes, shrinking by -X% against the previous year. In general, buckwheat exports, however, continue to indicate skyrocketing growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. In that year, buckwheat exports reached their peak of X tonnes. From 2016 to 2018, the growth of buckwheat exports failed to regain its momentum.

In value terms, buckwheat exports totaled $X in 2018. In general, buckwheat exports, however, continue to indicate a skyrocketing expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. In that year, buckwheat exports attained their peak of $X. From 2016 to 2018, the growth of buckwheat exports failed to regain its momentum.

Exports by Country

France (X tonnes), Portugal (X tonnes) and the Netherlands (X tonnes) were the main destinations of buckwheat exports from Spain, together comprising X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by France (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), the Netherlands ($X) and France ($X) were the largest markets for buckwheat exported from Spain worldwide, together comprising X% of total exports.

Portugal (+X% per year) recorded the highest rates of growth with regard to exports, in terms of the main countries of destination over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average buckwheat export price stood at $X per tonne in 2018, approximately reflecting the previous year. In general, the buckwheat export price continues to indicate an abrupt slump. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% against the previous year. In that year, the average export prices for buckwheat reached their peak level of $X per tonne. From 2012 to 2018, the growth in terms of the average export prices for buckwheat failed to regain its momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to France ($X per tonne) was amongst the lowest.

From 2007 to 2018, 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 2018, the amount of buckwheat imported into Spain totaled X tonnes, declining by -X% against the previous year. Overall, buckwheat imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Over the period under review, buckwheat imports attained their peak figure at X tonnes in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, buckwheat imports stood at $X in 2018. In general, buckwheat imports continue to indicate perceptible growth. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. In that year, buckwheat imports attained their peak of $X. From 2015 to 2018, the growth of buckwheat imports remained at a somewhat lower figure.

Imports by Country

In 2018, Bulgaria (X tonnes) constituted the largest supplier of buckwheat to Spain, with a X% share of total imports. Moreover, buckwheat imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Ireland (X tonnes), more than tenfold.

From 2007 to 2018, the average annual growth rate of volume from Bulgaria amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+X% per year) and the Netherlands (+X% per year).

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

From 2007 to 2018, the average annual rate of growth in terms of value from Bulgaria was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Ireland (+X% per year).

Import Prices by Country

In 2018, the average buckwheat import price amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, the buckwheat import price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2008 when the average import price increased by X% against the previous year. Over the period under review, the average import prices for buckwheat reached their maximum at $X per tonne in 2011; however, from 2012 to 2018, import prices stood at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform