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Thailand - Buckwheat - Market Analysis, Forecast, Size, Trends and Insights
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Thailand: Buckwheat Market Overview 2021

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Buckwheat Market Size in Thailand

The Thai buckwheat market fell markedly to $X in 2019, declining by -X% against the previous year. Overall, consumption recorded a abrupt downturn. The most prominent rate of growth was recorded in 2009 when the market value increased by X% year-to-year. Buckwheat consumption peaked at $X in 2017; however, from 2018 to 2019, consumption stood at a somewhat lower figure.

Buckwheat Production in Thailand

In value terms, buckwheat production shrank to $X in 2019 estimated in export prices. Overall, production continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2009 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2007; however, from 2008 to 2019, production remained at a lower figure.

In 2019, the average buckwheat yield in Thailand stood at X kg per ha, stabilizing at 2018 figures. Overall, the yield saw 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 2019, the buckwheat harvested area in Thailand was estimated at X ha, flattening at the previous year. In general, the harvested area showed a relatively flat trend pattern.

Buckwheat Exports

Exports from Thailand

Buckwheat exports from Thailand totaled X tonnes in 2019, picking up by X% on the previous year's figure. In general, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure in 2019 and are likely to see steady growth in years to come.

In value terms, buckwheat exports expanded modestly to $X in 2019. Over the period under review, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure in 2019 and are expected to retain growth in years to come.

Exports by Country

Singapore (X tonnes) was the main destination for buckwheat exports from Thailand, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Singapore was relatively modest.

From 2007 to 2019, the average annual rate of growth in terms of value to Singapore was relatively modest.

Export Prices by Country

The average buckwheat export price stood at $X per tonne in 2019, dropping by -X% against the previous year. In general, the export price continues to indicate a noticeable contraction. The export price peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.

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

From 2007 to 2019, the rate of growth in terms of prices for Singapore amounted to X% per year.

Buckwheat Imports

Imports into Thailand

After two years of decline, purchases abroad of buckwheat increased by X% to X tonnes in 2019. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tonnes. From 2015 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, buckwheat imports surged to $X in 2019. Overall, imports, however, showed notable growth. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2015 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2019, China (X tonnes) constituted the largest buckwheat supplier to Thailand, accounting for a X% share of total imports. Moreover, buckwheat imports from China exceeded the figures recorded by the second-largest supplier, India (X tonnes), threefold. Australia (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Australia (-X% per year).

In value terms, the largest buckwheat suppliers to Thailand were China ($X), Australia ($X) and India ($X), with a combined X% share of total imports. Belgium, Japan, Malaysia and the U.S. lagged somewhat behind, together accounting for a further X U.S. (+X% per year) saw the highest rates of growth with regard to the value of imports, in terms of 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, waning by -X% against the previous year. Over the period under review, import price indicated a resilient increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, buckwheat import price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2017; however, from 2018 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Belgium, 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?
+
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. Poland, Ukraine, Japan, the U.S., Brazil, Lithuania and Kazakhstan lagged somewhat behind, together accounting for a further 22%.
What are the largest producers of buckwheat in the world?
+
The countries with the highest volumes of buckwheat production in 2019 were China (860K tonnes), Russia (786K tonnes) and France (192K tonnes), with a combined 75% share of global production. Poland, Ukraine, the U.S., Brazil, Lithuania, Kazakhstan and Japan lagged somewhat behind, together accounting for a further 21%.
What are the leading suppliers of buckwheat to Thailand?
+
In value terms, the largest buckwheat suppliers to Thailand were China ($12K), Australia ($12K) and India ($3K), with a combined 83% share of total imports. These countries were followed by Belgium, Japan, Malaysia and the U.S., which together accounted for a further 15%.
What is the average export price for buckwheat in Thailand?
+
In 2019, the average buckwheat export price amounted to $251 per tonne, with a decrease of -5.3% against the previous year.
What is the average import price for buckwheat in Thailand?
+
The average buckwheat import price stood at $1,021 per tonne in 2019, waning by -7.9% against the previous year.

Product coverage:
• FCL 89 - Buckwheat

This report provides an in-depth analysis of the buckwheat market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Thailand

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Thailand
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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