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

Global Buckwheat Market Overview 2019

Buckwheat Market Size

The global buckwheat market revenue amounted to $X in 2018, falling by -X% against the previous year. Over the last decade, buckwheat consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013, when the market value increased by X% against the previous year. In that year, the global buckwheat market reached its peak level of $X. From 2014 to 2018, the growth of the global buckwheat market remained at a somewhat lower figure.

Buckwheat Production

In value terms, buckwheat production totaled $X in 2018 estimated in export prices. Over the period under review, buckwheat production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013, when the the output figure increased by X% year-to-year. In that year, global buckwheat production attained its peak level of $X. From 2014 to 2018, global buckwheat production growth remained at a lower figure.

The countries with the highest volumes of buckwheat production in 2018 were Russia (X tonnes), China (X tonnes) and Ukraine (X tonnes), together comprising X% of global production.

From 2007 to 2018, the most notable rate of growth in terms of buckwheat production, amongst the main producing countries, was attained by China, while the other global leaders experienced more modest paces of growth.

Global average buckwheat yield amounted to X kg per ha in 2018, going up by X% against the previous year. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2011, when the yield increased by X% against the previous year. In that year, the average buckwheat yield reached its peak level of X tonne per ha. From 2012 to 2018, the growth of the average buckwheat yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the global harvested area of buckwheat stood at X ha, surging by X% against the previous year. In general, buckwheat harvested area continues to indicate a significant growth. The pace of growth appeared the most rapid in 2015, with an increase of X% y-o-y. Global buckwheat harvested area peaked in 2018, and is likely to see steady growth in the immediate term.

Buckwheat Exports

Exports 2007-2018

In 2018, the global exports of buckwheat amounted to X tonnes, jumping by X% against the previous year. Overall, buckwheat exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2018, when the exports increased by X% against the previous year. In that year, global buckwheat exports attained their peak , and are likely to continue its growth in the immediate term.

In value terms, buckwheat exports stood at $X in 2018. Over the last decade, the total exports indicated a prominent increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the buckwheat exports decreased by -X% against 2015 indices. Over the period under review, global buckwheat exports attained their peak figure at $X in 2011; however, from 2012 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, China (X tonnes) was the largest exporter for buckwheat, making up X% of total exports. Russia (X tonnes) occupied the second position in the ranking, followed by Latvia (X tonnes), the Netherlands (X tonnes), the U.S. (X tonnes), Lithuania (X tonnes) and Canada (X tonnes). All these countries together took approx. X% share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Latvia (+X%), Russia (+X%), Lithuania (+X%), Canada (+X%), the Netherlands (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2018. The U.S. (-X%), Canada (-X%), the Netherlands (-X%), Lithuania (-X%), Latvia (-X%), China (-X%) and Russia (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest buckwheat markets worldwide were China ($X), Russia ($X) and the U.S. ($X), with a combined X% share of global exports.

Russia recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last decade, while the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average buckwheat export price amounted to $X per tonne, waning by -X% against the previous year. Over the last decade, the buckwheat export price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2009, an increase of X% against the previous year. Global export price peaked at $X per tonne in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

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

From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by the U.S., while the other global leaders experienced a decline in the export price figures.

Buckwheat Imports

Imports 2007-2018

Global imports totaled X tonnes in 2018, picking up by X% against the previous year. Overall, buckwheat imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2018, when the imports increased by X% year-to-year. In that year, global buckwheat imports attained their peak , and are likely to continue its growth in the immediate term.

In value terms, buckwheat imports amounted to $X in 2018. Overall, buckwheat imports continue to indicate a relatively flat trend pattern. Global imports peaked at $X in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Japan represented the key importing country with an import of about X tonnes, which finished at X% of total imports. The Czech Republic (X tonnes) occupied the second position in the ranking, followed by Poland (X tonnes). All these countries together occupied near X% share of total imports. Lithuania (X tonnes), Germany (X tonnes), Ukraine (X tonnes), the Netherlands (X tonnes), France (X tonnes), Italy (X tonnes), Azerbaijan (X tonnes) and Guatemala (X tonnes) occupied a minor share of total imports.

From 2007 to 2018, average annual rates of growth with regard to buckwheat imports into Japan stood at +X%. At the same time, the Czech Republic (+X%), Azerbaijan (+X%), Guatemala (+X%), Poland (+X%), Germany (+X%), Ukraine (+X%), Lithuania (+X%), Italy (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, France (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Italy, Guatemala, Azerbaijan, Ukraine, Germany, Lithuania, Poland, the Czech Republic and Japan decreased by -X%, -X%, -X%, -X%, -X%, -X%, -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual rate of growth in terms of value in Japan stood at +X%. In the other countries, the average annual rates were as follows: Poland (+X% per year) and Italy (+X% per year).

Import Prices by Country

In 2018, the average buckwheat import price amounted to $X per tonne, shrinking by -X% against the previous year. Over the last decade, the buckwheat import price continues to indicate a drastic decline. The pace of growth appeared the most rapid in 2011, an increase of X% year-to-year. Over the period under review, the average import prices for buckwheat attained their peak figure at $X per tonne in 2012; however, from 2013 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average import prices amongst the major importing countries. In 2018, the country with the highest import price was Italy ($X per tonne), while Azerbaijan ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by Italy, while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform