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World - Buckwheat - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Global Buckwheat Market Overview 2020

Buckwheat Market Size

The global buckwheat market reached $X in 2019, flattening at the previous year. Overall, the total consumption indicated temperate growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2011 when the market value increased by X% year-to-year. Global consumption peaked at $X in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.

Buckwheat Production

In value terms, buckwheat production rose modestly to $X in 2019 estimated in export prices. Over the period under review, production showed a measured increase. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, global production hit record highs at $X in 2015; however, from 2016 to 2019, production stood at a somewhat lower figure.

The countries with the highest volumes of buckwheat production in 2019 were China (X tonnes), Russia (X tonnes) and France (X tonnes), with a combined X% share of global production.

From 2007 to 2019, the most notable rate of growth in terms of buckwheat production, amongst the leading producing countries, was attained by China, while buckwheat production for the other global leaders experienced more modest paces of growth.

The global average buckwheat yield reached X kg per ha in 2019, therefore, remained relatively stable against 2018 figures. In general, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the yield increased by X% y-o-y. Over the period under review, the average buckwheat yield attained the maximum level at X tonnes per ha in 2016; however, from 2017 to 2019, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the global harvested area of buckwheat rose modestly to X ha, surging by X% compared with the previous year's figure. Over the period under review, the harvested area saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the harvested area increased by X% year-to-year. The global harvested area peaked at X ha in 2017; however, from 2018 to 2019, the harvested area stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of buckwheat production in 2019 were China (X tonnes), Russia (X tonnes) and France (X tonnes), together accounting for X% of global production. Ukraine, Poland, the U.S., Kazakhstan, Brazil and Lithuania lagged somewhat behind, together accounting for a further X 2007 to 2019, the biggest increases were in Lithuania, while buckwheat production for the other global leaders experienced more modest paces of growth.

Buckwheat Exports

Exports

Global buckwheat exports expanded notably to X tonnes in 2019, growing by X% compared with the previous year. Over the period under review, total exports indicated perceptible growth from 2007 to 2019: its volume 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, exports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, global exports attained the peak figure in 2019 and are likely to see steady growth in years to come.

In value terms, buckwheat exports rose slightly to $X in 2019. In general, total exports indicated a perceptible expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, global exports attained the maximum at $X in 2011; however, from 2012 to 2019, exports remained at a lower figure.

Exports by Country

In 2019, Russia (X tonnes) was the main exporter of buckwheat, generating X% of total exports. China (X tonnes) ranks second in terms of the total exports with a X% share, followed by Lithuania (X%), the U.S. (X%), Latvia (X%) and Poland (X%). The following exporters - Kazakhstan (X tonnes) and Canada (X tonnes) - each accounted for a X% share of total exports.

From 2007 to 2019, average annual rates of growth with regard to buckwheat exports from Russia stood at +X%. At the same time, Latvia (+X%), Poland (+X%), Lithuania (+X%), Kazakhstan (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2019. Canada experienced a relatively flat trend pattern. By contrast, China (-X%) illustrated a downward trend over the same period. While the share of Russia (+X p.p.), Latvia (+X p.p.), Lithuania (+X p.p.), Poland (+X p.p.) and the U.S. (+X p.p.) increased significantly in terms of the global exports from 2007-2019, the share of China (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest buckwheat supplying countries worldwide were Russia ($X), China ($X) and the U.S. ($X), with a combined X% share of global exports. These countries were followed by Lithuania, Latvia, Poland, Canada and Kazakhstan, which together accounted for a further X the main exporting countries, Latvia saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average buckwheat export price stood at $X per tonne in 2019, shrinking by -X% against the previous year. Over the period under review, export price indicated slight growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, buckwheat export price decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2010 an increase of X% against the previous year. Global export price peaked at $X per tonne in 2011; however, from 2012 to 2019, export prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Buckwheat Imports

Imports

After two years of growth, purchases abroad of buckwheat decreased by -X% to X tonnes in 2019. Overall, imports, however, continue to indicate slight growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Over the period under review, global imports attained the peak figure at X tonnes in 2018, and then dropped notably in the following year.

In value terms, buckwheat imports contracted to $X in 2019. In general, total imports indicated measured growth from 2007 to 2019: its value 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, imports decreased by -X% against 2015 indices. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. As a result, imports attained the peak of $X. From 2012 to 2019, the growth of global imports remained at a somewhat lower figure.

Imports by Country

Japan was the major importing country with an import of around X tonnes, which reached X% of total imports. Poland (X tonnes) held a X% share (based on tonnes) of total imports, which put it in second place, followed by Italy (X%), Spain (X%), France (X%) and Ukraine (X%). The Netherlands (X tonnes), the U.S. (X tonnes), Lithuania (X tonnes) and Germany (X tonnes) occupied a relatively small share of total imports.

Imports into Japan decreased at an average annual rate of -X% from 2007 to 2019. At the same time, Spain (+X%), Poland (+X%), Ukraine (+X%), Germany (+X%), Italy (+X%), Lithuania (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2019. By contrast, France (-X%) and the Netherlands (-X%) illustrated a downward trend over the same period. Poland (+X p.p.), Spain (+X p.p.), Ukraine (+X p.p.) and Italy (+X p.p.) significantly strengthened its position in terms of the global imports, while France, the Netherlands and Japan saw its share reduced by -X%, -X% and -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported buckwheat worldwide, comprising X% of global imports. The second position in the ranking was occupied by Italy ($X), with a X% share of global imports. It was followed by Poland, with a X% share.

In Japan, buckwheat imports remained relatively stable over the period from 2007-2019. In the other countries, the average annual rates were as follows: Italy (+X% per year) and Poland (+X% per year).

Import Prices by Country

In 2019, the average buckwheat import price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, import price indicated a mild expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. 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 2016 indices. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was the Netherlands ($X per tonne), while Ukraine ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders 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 (1.2M tonnes), Russia (843K tonnes) and France (206K tonnes), together accounting for 75% of global consumption.
What are the largest producers of buckwheat in the world?
+
The countries with the highest volumes of buckwheat production in 2019 were China (1.2M tonnes), Russia (925K tonnes) and France (196K tonnes), with a combined 78% share of global production. These countries were followed by Ukraine, Poland, the U.S., Kazakhstan, Brazil and Lithuania, which together accounted for a further 17%.
What are the leading suppliers of buckwheat in the world?
+
In value terms, Russia ($25M), China ($15M) and the U.S. ($14M) constituted the countries with the highest levels of exports in 2019, together comprising 58% of global exports. These countries were followed by Lithuania, Latvia, Poland, Canada and Kazakhstan, which together accounted for a further 27%.
What are the leading importers of buckwheat in the world?
+
In value terms, Japan ($30M) constitutes the largest market for imported buckwheat worldwide, comprising 34% of global imports. The second position in the ranking was occupied by Italy ($7M), with a 8% share of global imports. It was followed by Poland, with a 6.3% share.
What is the average export price for buckwheat in the world?
+
In 2019, the average buckwheat export price amounted to $436 per tonne, waning by -8.8% against the previous year.
What is the average import price for buckwheat in the world?
+
In 2019, the average buckwheat import price amounted to $511 per tonne, picking up by 6.6% against the previous year.

Product coverage:
• FCL 89 - Buckwheat

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



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• 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
CONSUMPTION BY COUNTRY
3.3
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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

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

The Largest Exporters on The Market and How They Succeed

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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
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, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Harvested Area, By Country, 2007–2019
Table 7:
Yield, By Country, 2007–2019
Table 8:
Imports, In Physical Terms, By Country, 2007–2019
Table 9:
Imports, In Value Terms, By Country, 2007–2019
Table 10:
Import Prices, By Country Of Destination, 2007–2019
Table 11:
Exports, In Physical Terms, By Country, 2007–2019
Table 12:
Exports, In Value Terms, By Country, 2007–2019
Table 13:
Export Prices, By Country Of Origin, 2007–2019
Table 14:
Producer Prices, By Major Producing Country, 2019
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2019
Figure 18:
Production, In Value Terms, 2007–2019
Figure 19:
Area Harvested, 2007–2019
Figure 20:
Yield, 2007–2019
Figure 21:
Production, By Country, 2019
Figure 22:
Production, In Physical Terms, By Country, 2007–2019
Figure 23:
Harvested Area, By Country, 2019
Figure 24:
Harvested Area, By Country, 2007–2019
Figure 25:
Yield, By Country, 2007–2019
Figure 26:
Imports, In Physical Terms, 2007–2019
Figure 27:
Imports, In Value Terms, 2007–2019
Figure 28:
Imports, In Physical Terms, By Country, 2019
Figure 29:
Imports, In Physical Terms, By Country, 2007–2019
Figure 30:
Imports, In Value Terms, By Country, 2007–2019
Figure 31:
Import Prices, By Country, 2007–2019
Figure 32:
Exports, In Physical Terms, 2007–2019
Figure 33:
Exports, In Value Terms, 2007–2019
Figure 34:
Exports, In Physical Terms, By Country, 2019
Figure 35:
Exports, In Physical Terms, By Country, 2007–2019
Figure 36:
Exports, In Value Terms, By Country, 2007–2019
Figure 37:
Export Prices, 2007–2019

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