IndexBox, Inc. has just published a new report “World – Buckwheat – Market Analysis, Forecast, Size, Trends and Insights“. Here is a summary of the report’s key findings.
In 2017, imports of buckwheat worldwide totaled 182K tonnes, ascending by 17% against the previous year figure. The total import volume increased at an average annual rate of +1.8% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2017, when it surged by 17% y-o-y. In that year, buckwheat imports attained its maximum volume, and are likely to continue its growth in the immediate term.
In value terms, buckwheat imports amounted to $116M in 2017. Overall, buckwheat imports continue to indicate a relatively flat trend pattern. Global import peaked of $131M in 2011; however, from 2012 to 2017, it failed to regain its strength.
Buckwheat Imports By Country
Japan (45K tonnes), and Spain (38K tonnes) represented roughly 46% of total imports of buckwheat in 2017. Italy (14K tonnes) occupied the second position in the ranking, followed by Lithuania (12K tonnes), France (9.9K tonnes), and the U.S. (8.3K tonnes). All these countries together took approx. 24% share of total imports. Ukraine (7.8K tonnes), Russia (5K tonnes), Poland (4.6K tonnes), the Netherlands (3.9K tonnes), Canada (3.8K tonnes), and Germany (3.6K tonnes) occupied the mild share of total imports.
From 2007 to 2017, the most notable growth rate of imports, among the main importing countries, was attained by Lithuania (+53.3% per year), while the other global leaders experienced more modest paces of growth.
In value terms, Japan ($38M) constitutes the largest market for imported buckwheat worldwide, making up 32% of global imports. The second position in the ranking was occupied by Italy ($10M), with the share of 9% of global imports. It was followed by the U.S., with the share of 7%.
In Japan, buckwheat imports increased at an average annual rate of +2.9% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates: Italy (+18.1% per year) and the U.S. (+12.5% per year).
Buckwheat Import Prices By Country
In 2017, the average import price for buckwheat amounted to $637 per tonne, dropping by -9.8% against the previous year. In general, buckwheat import price continues to indicate a mild reduction. The pace of growth was the most pronounced in 2011, an increase of 17% year-to-year. In that year, average import price for buckwheat reached its maximum level of $940 per tonne. From 2012 to 2017, growth of average import price for buckwheat stood at a somewhat lower level.
Import prices varied noticeably by country of destination; the country with the highest import price was the U.S. ($1,053 per tonne), while Spain ($4 per tonne) was among the lowest.
From 2007 to 2017, the most notable growth rate of import prices was attained by the U.S. (+7.7% per year), while the other global leaders experienced more modest paces of growth.
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.
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