Asia: Buckwheat Market 2024

Buckwheat Market Size in Asia

The Asian buckwheat market rose slightly to $X in 2022, surging by X% against the previous year. Overall, consumption recorded a slight curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Buckwheat Production in Asia

In value terms, buckwheat production reached $X in 2022 estimated in export price. Over the period under review, production saw a slight descent. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

China (X tons) constituted the country with the largest volume of buckwheat production, accounting for X% of total volume. Moreover, buckwheat production in China exceeded the figures recorded by the second-largest producer, Kazakhstan (X tons), ninefold. Japan (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual growth rate of volume in China totaled X%. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Japan (X% per year).

The average buckwheat yield reduced to X kg per ha in 2022, therefore, remained relatively stable against the year before. In general, the yield showed a mild downturn. The most prominent rate of growth was recorded in 2016 when the yield increased by X% against the previous year. Over the period under review, the buckwheat yield attained the maximum level at X kg per ha in 2012; however, from 2013 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of buckwheat were harvested in Asia; dropping by X% compared with 2021. Overall, the harvested area recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the harvested area dedicated to buckwheat production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

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Buckwheat Exports

Exports in Asia

In 2022, overseas shipments of buckwheat were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, faced a abrupt shrinkage. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, buckwheat exports reached $X in 2022. In general, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons) and Kazakhstan (X tons) dominates exports structure, together generating X% of total exports. It was distantly followed by India (X tons), generating a X% share of total exports. Mongolia (X tons) and Myanmar (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Mongolia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest buckwheat supplying countries in Asia were China ($X), Kazakhstan ($X) and India ($X), together accounting for X% of total exports. Mongolia and Myanmar lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Mongolia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, picking up by X% against the previous year. Export price indicated a strong increase from 2012 to 2022: its price 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 2022 figures, buckwheat export price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced more modest paces of growth.

Buckwheat Imports

Imports in Asia

Buckwheat imports fell slightly to X tons in 2022, with a decrease of X% against the year before. Total imports indicated slight growth from 2012 to 2022: its volume 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 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, buckwheat imports stood at $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: 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 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

Japan represented the major importer of buckwheat in Asia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by China (X tons), Azerbaijan (X tons), Georgia (X tons) and Kazakhstan (X tons), together achieving a X% share of total imports. South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported buckwheat in Asia, comprising X% of total imports. The second position in the ranking was held by Azerbaijan ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Japan amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Azerbaijan (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, picking up by X% against the previous year. Import price indicated a temperate increase from 2012 to 2022: its price 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 2022 figures, buckwheat import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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