Eastern Europe: Buckwheat Market 2024

Buckwheat Market Size in Eastern Europe

The East European buckwheat market was estimated at $X in 2022, growing by X% against the previous year. In general, consumption continues to indicate a mild slump. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Buckwheat Production in Eastern Europe

In value terms, buckwheat production rose rapidly to $X in 2022 estimated in export price. In general, production showed a noticeable contraction. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Russia (X tons) constituted the country with the largest volume of buckwheat production, accounting for X% of total volume. Moreover, buckwheat production in Russia exceeded the figures recorded by the second-largest producer, Poland (X tons), sevenfold. The third position in this ranking was held by Ukraine (X tons), with an X% share.

In Russia, buckwheat production increased at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Poland (X% per year) and Ukraine (X% per year).

In 2022, the average yield of buckwheat in Eastern Europe expanded to X tons per ha, picking up by X% against 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of X%. The level of yield peaked at X tons per ha in 2020; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The buckwheat harvested area reduced to X ha in 2022, with a decrease of X% against the previous year's figure. Overall, the harvested area continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the harvested area dedicated to buckwheat production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Buckwheat Exports

Exports in Eastern Europe

In 2022, after two years of growth, there was significant decline in shipments abroad of buckwheat, when their volume decreased by X% to X tons. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then shrank in the following year.

In value terms, buckwheat exports reached $X in 2022. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

Russia dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. Latvia (X tons) ranks second in terms of the total exports with a X% share, followed by Poland (X%) and Lithuania (X%). Estonia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to buckwheat exports from Russia stood at X%. At the same time, Estonia (X%), Lithuania (X%), Latvia (X%) and Poland (X%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Russia and Estonia increased by X and X percentage points, respectively.

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

In Russia, buckwheat exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (X% per year) and Latvia (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price saw a pronounced expansion. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Buckwheat Imports

Imports in Eastern Europe

In 2022, supplies from abroad of buckwheat decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2021, and then contracted remarkably in the following year.

In value terms, buckwheat imports expanded notably to $X in 2022. In general, imports, however, saw a significant expansion. The growth pace was the most rapid in 2020 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

The countries with the highest levels of buckwheat imports in 2022 were Lithuania (X tons), Poland (X tons), Latvia (X tons) and Ukraine (X tons), together recording X% of total import. It was distantly followed by Estonia (X tons), making up a X% share of total imports. The Czech Republic (X tons) took a little share of total imports.

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

In value terms, Lithuania ($X), Poland ($X) and Latvia ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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