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?

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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?

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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?

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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?

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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?

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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?

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In 2019, the average buckwheat import price amounted to $511 per tonne, picking up by 6.6% against the previous year.