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

Global Buckwheat Market Overview 2018

Buckwheat Production

Global buckwheat market revenue amounted to $X in 2017, lowering by -X% against the previous year. This figure reflects total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, buckwheat consumption continues to indicate a drastic descent. The pace of growth appeared the most rapid in 2013, when the market value increased by X% y-o-y. In that year, the global buckwheat market attained its maximum level of $X. From 2014 to 2017, growth of the global buckwheat market failed to regain its strength.

Global buckwheat production amounted to X tonnes in 2017, remaining stable against the previous year. In general, buckwheat production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011, an increase of X% from the previous year. Global buckwheat production peaked in 2017, and is likely to continue its growth in the immediate term. The general positive trend of buckwheat output was largely conditioned by a relatively flat trend pattern of the harvested area and a slight growth in yield figures.

Russia (X tonnes) constituted the country with the largest volume of buckwheat production, comprising approx. X% of total production. Moreover, buckwheat production in Russia exceeded the figures recorded by the world's second largest producer, China (X tonnes), threefold. The third position in this ranking was occupied by Ukraine (X tonnes), with a X% share.

In Russia, buckwheat production increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: China (-X% per year) and Ukraine (-X% per year).

Global average buckwheat yield amounted to X tonne per ha in 2017, growing by X% against the previous year. The yield figure had been increasing at an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011, when it surged by X% y-o-y. Global buckwheat yield peaked in 2017, and is expected to retain its growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Global buckwheat harvested area amounted to X ha in 2017, therefore, remained relatively stable against the previous year. In general, buckwheat harvested area continues to indicate a slight shrinkage. The growth pace was the most rapid in 2011, an increase of X% y-o-y. Global buckwheat harvested area peaked of X ha in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Buckwheat Exports

In 2017, approx. X tonnes of buckwheat were exported worldwide; rising by X% against the previous year. Overall, buckwheat exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017, when it surged by X% y-o-y. In that year, the global buckwheat exports reached its maximum volume, and are likely to continue its growth in the immediate term.

In value terms, buckwheat exports stood at $X in 2017. In general, the total exports indicated a remarkable expansion from 2007 to 2017: it value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the buckwheat exports increased by +X% against 2013 indices. Over the period under review, the global buckwheat exports reached its maximum level in 2017, and are likely to see steady growth in the immediate term.

Buckwheat Exports by Country

In 2017, the U.S. (X tonnes), distantly followed by China (X tonnes), Russia (X tonnes), Lithuania (X tonnes), Latvia (X tonnes), Poland (X tonnes), and Canada (X tonnes) were the key exporters of buckwheat, together comprising X% of total exports. The following exporters - Kazakhstan (X tonnes), Spain (X tonnes), India (X tonnes), and the Netherlands (X tonnes) together made up X% of total exports.

From 2007 to 2017, the most notable growth rate of exports, among the main exporting countries, was attained by Spain (+X% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), China ($X), and Russia ($X) constituted the countries with the highest levels of exports in 2017, with a combined X% share of global exports. These countries were followed by Canada, Poland, Latvia, the Netherlands, Spain, Kazakhstan, Lithuania and India, which together accounted for a further X%.

Kazakhstan (+X% per year) recorded the highest growth rate of exports, in terms of the main exporting countries, over the last X years, while the other global leaders experienced more modest paces of growth.

Buckwheat Export Prices by Country

The average buckwheat export price stood at $X per tonne in 2017, coming down by -X% against the previous year. In general, the export price indicated a strong growth from 2007 to 2017: it increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the buckwheat export price decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2010, when the average export prices increased by X% year-to-year. Over the period under review, the average export prices for buckwheat attained its peak figure level of $X per tonne in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by country of destination; the country with the highest export price was the Netherlands ($X per tonne), while Lithuania ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable growth rate of export prices was attained by Kazakhstan (+X% per year), while the other global leaders experienced more modest paces of growth.