Europe: Buckwheat Market 2024

Buckwheat Market Size in Europe

The Europe buckwheat market expanded slightly to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Buckwheat Production in Europe

In value terms, buckwheat production expanded notably to $X in 2022 estimated in export price. In general, production saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of buckwheat production was Russia (X tons), comprising approx. X% of total volume. Moreover, buckwheat production in Russia exceeded the figures recorded by the second-largest producer, France (X tons), fivefold. Poland (X tons) ranked third in terms of total production with an X% share.

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

In 2022, the average yield of buckwheat in Europe reached X tons per ha, growing by X% on 2021. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the buckwheat yield attained the maximum level 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 fell slightly to X ha in 2022, which is down by X% on 2021 figures. Overall, the harvested area continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2017 to 2022, the growth of the buckwheat harvested area failed to regain momentum.

Buckwheat Exports

Exports in Europe

In 2022, overseas shipments of buckwheat decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of export peaked at X tons in 2021, and then shrank in the following year.

In value terms, buckwheat exports expanded significantly to $X in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

Russia dominates exports structure, accounting for X tons, which was approx. 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) and Germany (X tons) took a little share of total exports.

Exports from Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Estonia (X%), Lithuania (X%), Latvia (X%), Germany (X%) and Poland (X%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing exporter exported in 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. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and Latvia (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price continues to indicate measured growth. The pace of growth was the most pronounced in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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 Germany ($X per ton), while Russia ($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 Europe

In 2022, overseas purchases 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, saw prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then dropped rapidly in the following year.

In value terms, buckwheat imports rose to $X in 2022. Overall, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

Lithuania (X tons), Poland (X tons), Italy (X tons), Latvia (X tons), Ukraine (X tons), France (X tons), Germany (X tons), Austria (X tons), the Netherlands (X tons), Estonia (X tons), Belgium (X tons) and the Czech Republic (X tons) represented roughly X% of total imports in 2022.

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

In value terms, the largest buckwheat importing markets in Europe were Lithuania ($X), Italy ($X) and Poland ($X), with a combined X% share of total imports.

Lithuania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 Europe amounted to $X per ton, picking up by X% against the previous year. Overall, the import price showed a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices attained the peak figure 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 the Netherlands ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :