Report Vietnam - Buckwheat - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Sep 9, 2022

Vietnam - Buckwheat - Market Analysis, Forecast, Size, Trends and Insights
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Vietnam: Buckwheat Market 2022

Buckwheat Market Size in Vietnam

In 2021, the Vietnamese buckwheat market decreased by -X% to $X, falling for the third consecutive year after two years of growth. Overall, consumption, however, showed a remarkable increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Buckwheat Production in Vietnam

In value terms, buckwheat production contracted dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X, and then reduced sharply in the following year.

In 2021, the average buckwheat yield in Vietnam stood at less than X kg per ha, leveling off at the previous year's figure. Over the period under review, the 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.

In 2021, approx. less than X ha of buckwheat were harvested in Vietnam; almost unchanged from 2020 figures. In general, the harvested area showed a relatively flat trend pattern.

Buckwheat Exports

Exports from Vietnam

In 2021, after nine years of growth, there was significant decline in shipments abroad of buckwheat, when their volume decreased by -X% to X tons. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2020, and then shrank in the following year.

In value terms, buckwheat exports dropped rapidly to $X in 2021. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2020, and then contracted notably in the following year.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for buckwheat exports from Vietnam, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Taiwan (Chinese) stood at +X%.

In value terms, Taiwan (Chinese) ($X) also remains the key foreign market for buckwheat exports from Vietnam.

From 2012 to 2021, the average annual growth rate of value to Taiwan (Chinese) stood at +X%.

Export Prices by Country

In 2021, the average buckwheat export price amounted to $X per ton, shrinking by less than X% against the previous year. Over the period under review, the export price showed a deep reduction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).

From 2012 to 2021, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +X% per year.

Buckwheat Imports

Imports into Vietnam

In 2021, purchases abroad of buckwheat was finally on the rise to reach X tons after two years of decline. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, buckwheat imports soared to $X in 2021. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X tons), India (X tons) and Germany (X tons) were the main suppliers of buckwheat imports to Vietnam, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, India ($X), Japan ($X) and Singapore ($X) constituted the largest buckwheat suppliers to Vietnam, together accounting for X% of total imports. Germany lagged somewhat behind, accounting for a further X the main suppliers, Germany, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average buckwheat import price amounted to $X per ton, surging by X% against the previous year. In general, the import price showed a remarkable increase. The most prominent rate of growth was recorded in 2014 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

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 2021 were Russia, China and France, together comprising 67% of global consumption. These countries were followed by Poland, Ukraine, the United States, Lithuania, Japan, Brazil and Kazakhstan, which together accounted for a further 25%.
What are the largest producers of buckwheat in the world?
+
The countries with the highest volumes of buckwheat production in 2021 were Russia, China and France, with a combined 70% share of global production. These countries were followed by Poland, Ukraine, the United States, Lithuania, Brazil, Japan and Kazakhstan, which together accounted for a further 24%.
What are the leading suppliers of buckwheat to Vietnam?
+
In value terms, the largest buckwheat suppliers to Vietnam were India, Japan and Singapore, together accounting for 88% of total imports. These countries were followed by Germany, which accounted for a further 7.9%.
What are the leading importers of buckwheat from Vietnam?
+
In value terms, Taiwan Chinese) remains the key foreign market for buckwheat exports from Vietnam.
What is the average export price for buckwheat in Vietnam?
+
The average buckwheat export price stood at $539 per ton in 2021, declining by less than 0.1% against the previous year.
What is the average import price for buckwheat in Vietnam?
+
In 2021, the average buckwheat import price amounted to $894 per ton, increasing by 9.7% against the previous year.

This report provides an in-depth analysis of the buckwheat market in Vietnam. 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 2030.


Product coverage:
• FCL 89 - Buckwheat
Country coverage:
• Vietnam

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Vietnam
• 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
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

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 PRODUCT

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 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
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 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
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, 2012–2021
Figure 22:
Production, In Value Terms, 2012–2021
Figure 23:
Area Harvested, 2012–2021
Figure 24:
Yield, 2012–2021
Figure 25:
Imports, In Physical Terms, 2012–2021
Figure 26:
Imports, In Value Terms, 2012–2021
Figure 27:
Imports, In Physical Terms, By Country, 2021
Figure 28:
Imports, In Physical Terms, By Country, 2012–2021
Figure 29:
Imports, In Value Terms, By Country, 2012–2021
Figure 30:
Import Prices, By Country Of Origin, 2012–2021
Figure 31:
Exports, In Physical Terms, 2012–2021
Figure 32:
Exports, In Value Terms, 2012–2021
Figure 33:
Exports, In Physical Terms, By Country, 2021
Figure 34:
Exports, In Physical Terms, By Country, 2012–2021
Figure 35:
Exports, In Value Terms, By Country, 2012–2021
Figure 36:
Export Prices, By Country Of Destination, 2012–2021
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