Ukraine: Buckwheat Market 2024

Buckwheat Market Size in Ukraine

The Ukrainian buckwheat market dropped to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption showed a abrupt slump. Buckwheat consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Buckwheat Production in Ukraine

In value terms, buckwheat production skyrocketed to $X in 2022 estimated in export price. In general, production faced a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of X%. Buckwheat production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of buckwheat in Ukraine was estimated at X tons per ha in 2022, approximately equating 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the yield increased by X% against the previous year. Over the period under review, the average buckwheat yield reached the peak level at X tons per ha in 2019; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of buckwheat were harvested in Ukraine; which is down by X% compared with the previous year's figure. Over the period under review, the harvested area saw a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the harvested area dedicated to buckwheat production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Buckwheat Exports

Exports from Ukraine

In 2022, the amount of buckwheat exported from Ukraine reduced notably to X tons, waning by X% compared with 2021 figures. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, buckwheat exports declined significantly to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons) was the main destination for buckwheat exports from Ukraine, accounting for a X% share of total exports. Moreover, buckwheat exports to Poland exceeded the volume sent to the second major destination, Hungary (X tons), eightfold. The United Arab Emirates (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Poland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and the United Arab Emirates (X% per year).

In value terms, Poland ($X) remains the key foreign market for buckwheat exports from Ukraine, comprising X% of total exports. The second position in the ranking was held by Hungary ($X), with an X% share of total exports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Poland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average buckwheat export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Buckwheat Imports

Imports into Ukraine

In 2022, overseas purchases of buckwheat decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, buckwheat imports shrank notably to $X in 2022. Overall, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Kazakhstan (X tons), Russia (X tons) and Latvia (X tons) were the main suppliers of buckwheat imports to Ukraine, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Kazakhstan ($X) constituted the largest supplier of buckwheat to Ukraine, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports. It was followed by Latvia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Kazakhstan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Latvia (X% per year).

Import Prices by Country

The average buckwheat import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price recorded prominent growth. The growth pace was the most rapid in 2015 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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