We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Report ECOWAS - Buckwheat - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Feb 1, 2025

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

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

ECOWAS: Buckwheat Market 2025

Buckwheat Market Size in ECOWAS

The ECOWAS buckwheat market soared to $X in 2022, growing by 31% against the previous year. In general, consumption showed significant growth. 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 ECOWAS

In value terms, buckwheat production soared to $X in 2022 estimated in export price. The total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +16.8% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 32%. The level of production peaked in 2022 and is likely to see steady growth in the immediate term.

The countries with the highest volumes of production in 2022 were Niger (X tons), Benin (X tons) and Mali (X tons), together comprising 81% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Mali (with a CAGR of +2.3%), while production for the other leaders experienced more modest paces of growth.

Buckwheat Exports

Exports in ECOWAS

After two years of decline, overseas shipments of buckwheat increased by 2,184% to X tons in 2022. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 4,551% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, buckwheat exports soared to $X in 2022. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2018 with an increase of 1,696%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Niger was the main exporter of buckwheat in ECOWAS, with the volume of exports resulting at X tons, which was near 88% of total exports in 2022. It was distantly followed by Burkina Faso (X tons), constituting an 11% share of total exports. Nigeria (X tons) followed a long way behind the leaders.

Niger experienced a relatively flat trend pattern with regard to volume of exports of buckwheat. At the same time, Nigeria (+15.3%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of +15.3% from 2012-2022. By contrast, Burkina Faso (-36.5%) illustrated a downward trend over the same period. Niger (+88 p.p.) and Burkina Faso (+11 p.p.) significantly strengthened its position in terms of the total exports, while Nigeria saw its share reduced by -62.5% from 2012 to 2022, respectively.

In value terms, the largest buckwheat supplying countries in ECOWAS were Burkina Faso ($X), Niger ($X) and Nigeria ($X), with a combined 99% share of total exports.

Among the main exporting countries, Nigeria, with a CAGR of +12.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, dropping by -73.8% against the previous year. Overall, the export price showed a abrupt setback. The growth pace was the most rapid in 2015 an increase of 1,050% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (+8.5%).

Buckwheat Imports

Imports in ECOWAS

Buckwheat imports soared to X tons in 2022, increasing by 39% compared with the year before. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2015 with an increase of 1,098%. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, buckwheat imports soared to $X in 2022. Overall, imports saw a significant increase. The growth pace was the most rapid in 2015 when imports increased by 3,802%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Nigeria (X tons) represented the main importer of buckwheat in ECOWAS, achieving 98% of total import.

Nigeria was also the fastest-growing in terms of the buckwheat imports, with a CAGR of +88.4% from 2012 to 2022. While the share of Nigeria (+95 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported buckwheat in ECOWAS.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria amounted to +61.3%.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, falling by -16.3% against the previous year. Overall, the import price, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2015 an increase of 226%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Nigeria.

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to -14.4% per year.

Source: IndexBox Platform

This report provides an in-depth analysis of the buckwheat market in ECOWAS. 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 2030.

Product coverage:

  • FCL 89 - Buckwheat

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in ECOWAS, split by region and country
  • Trade (exports and imports) in ECOWAS
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Benin
    • Burkina Faso
    • Cabo Verde
    • Gambia
    • Ghana
    • Guinea
    • Guinea-Bissau
    • Liberia
    • Mali
    • Niger
    • Nigeria
    • Senegal
    • Sierra Leone
    • Togo
    • Cote d'Ivoire

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Harvested Area, By Country, 2012-2024
    7. Yield, By Country, 2012-2024
    8. Imports, In Physical Terms, By Country, 2012–2024
    9. Imports, In Value Terms, By Country, 2012–2024
    10. Import Prices, By Country Of Destination, 2012–2024
    11. Exports, In Physical Terms, By Country, 2012–2024
    12. Exports, In Value Terms, By Country, 2012–2024
    13. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2024
    19. Production, In Value Terms, 2012–2024
    20. Area Harvested, 2012–2024
    21. Yield, 2012–2024
    22. Production, By Country, 2024
    23. Production, In Physical Terms, By Country, 2012–2024
    24. Harvested Area, By Country, 2024
    25. Harvested Area, By Country, 2012-2024
    26. Yield, By Country, 2012-2024
    27. Imports, In Physical Terms, 2012–2024
    28. Imports, In Value Terms, 2012–2024
    29. Imports, In Physical Terms, By Country, 2024
    30. Imports, In Physical Terms, By Country, 2012–2024
    31. Imports, In Value Terms, By Country, 2012–2024
    32. Import Prices, By Country, 2012–2024
    33. Exports, In Physical Terms, 2012–2024
    34. Exports, In Value Terms, 2012–2024
    35. Exports, In Physical Terms, By Country, 2024
    36. Exports, In Physical Terms, By Country, 2012–2024
    37. Exports, In Value Terms, By Country, 2012–2024
    38. Export Prices, 2012–2024

Recommended reports

Asia - Buckwheat - Market Analysis, Forecast, Size, Trends and Insights
$599
Feb 1, 2025
Eye 565

This report provides an in-depth analysis of the buckwheat market in Asia.

U.S. - Buckwheat - Market Analysis, Forecast, Size, Trends and Insights
$599
Feb 1, 2025
Eye 704

This report provides an in-depth analysis of the buckwheat market in the U.S..

China - Buckwheat - Market Analysis, Forecast, Size, Trends and Insights
$599
Feb 1, 2025
Eye 618

This report provides an in-depth analysis of the buckwheat market in China.

EU - Buckwheat - Market Analysis, Forecast, Size, Trends and Insights
$599
Feb 1, 2025
Eye 696

This report provides an in-depth analysis of the buckwheat market in the EU.

World - Buckwheat - Market Analysis, Forecast, Size, Trends and Insights
$599
Feb 1, 2025
Eye 3752

This report provides an in-depth analysis of the global buckwheat market.

Free Data: Buckwheat - ECOWAS
Table
Buckwheat - ECOWAS - Table
Dashboard
Buckwheat - ECOWAS - Dashboard
Report
Buckwheat - ECOWAS - Report