Global Buckwheat Market 2022

Buckwheat Market Size

The global buckwheat market fell to $X in 2021, waning by less than X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Global consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Buckwheat Production

In value terms, buckwheat production shrank to $X in 2021 estimated in export price. In general, production showed a mild reduction. The growth pace was the most rapid in 2020 with an increase of X%. Global production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

The countries with the highest volumes of buckwheat production in 2021 were Russia (X tons), China (X tons) and France (X tons), with a combined X% share of global production. Poland, Ukraine, the United States, Lithuania, Brazil, Japan and Kazakhstan lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Lithuania (with a CAGR of +X%), while production for the other global leaders experienced more modest paces of growth.

In 2021, the global average buckwheat yield fell modestly to X tons per ha, waning by less than X% compared with the previous year's figure. The yield figure increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 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 2020, and then fell slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The global buckwheat harvested area contracted slightly to X ha in 2021, remaining stable against 2020 figures. Overall, the harvested area continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2016 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to buckwheat production attained the peak figure at X ha in 2017; however, from 2018 to 2021, the harvested area remained at a lower figure.

Buckwheat Exports

Exports

After two years of decline, overseas shipments of buckwheat increased by X% to X tons in 2021. The total export volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the global exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, buckwheat exports soared to $X in 2021. Over the period under review, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia was the major exporter of buckwheat in the world, with the volume of exports reaching X tons, which was near X% of total exports in 2021. Latvia (X tons) ranks second in terms of the total exports with a X% share, followed by Poland (X%), the United States (X%), Lithuania (X%) and China (less than X%). Kazakhstan (X tons) took a minor share of total exports.

Exports from Russia increased at an average annual rate of +X% from 2012 to 2021. At the same time, Kazakhstan (+X%), Latvia (+X%), Lithuania (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2012-2021. By contrast, the United States (-X%) and China (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Russia, Latvia, Lithuania, Kazakhstan and Poland increased by +X, +X, less than X, less than X and less than X percentage points, respectively.

In value terms, Russia ($X) remains the largest buckwheat supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Poland ($X), with an X% share of global exports. It was followed by Latvia, with an X% share.

From 2012 to 2021, the average annual growth rate of value in Russia stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+X% per year) and Latvia (+X% per year).

Export Prices by Country

In 2021, the average buckwheat export price amounted to $X per ton, growing by X% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, buckwheat export price increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Poland ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

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

Buckwheat Imports

Imports

In 2021, after two years of decline, there was significant growth in overseas purchases of buckwheat, when their volume increased by X% to X tons. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, buckwheat imports soared to $X in 2021. Overall, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the six major importers of buckwheat, namely Japan, China, Ukraine, Italy, Poland and Lithuania, represented more than half of total import. The following importers - France (X tons), Germany (X tons), Azerbaijan (X tons), Latvia (X tons), Malaysia (X tons), Georgia (X tons) and the United States (X tons) - together made up X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Japan ($X), Italy ($X) and China ($X) constituted the countries with the highest levels of imports in 2021, with a combined X% share of global imports. Poland, Ukraine, Lithuania, France, Germany, Azerbaijan, Georgia, Latvia, the United States and Malaysia lagged somewhat behind, together comprising a further X terms of the main importing countries, Azerbaijan, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average buckwheat import price stood at $X per ton in 2021, picking up by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. Global import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform