India: Buckwheat Market 2025

Buckwheat Market Size in India

In 2022, after two years of growth, there was decline in the Indian buckwheat market, when its value decreased by -2.9% to $X. Over the period under review, consumption showed a mild reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Buckwheat Production in India

In value terms, buckwheat production expanded to $X in 2022 estimated in export price. Overall, production, however, saw a slight decline. The growth pace was the most rapid in 2020 when the production volume increased by 12%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of buckwheat in India was estimated at less than X kg per ha in 2022, flattening at the year before. Over the period under review, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of buckwheat in India totaled less than X ha, remaining stable against the year before. In general, the harvested area recorded a relatively flat trend pattern.

Buckwheat Exports

Exports from India

In 2022, shipments abroad of buckwheat was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,923%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, buckwheat exports skyrocketed to $X in 2022. Overall, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 944%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Nepal (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main destinations of buckwheat exports from India, together comprising 60% of total exports. China, the United States, Thailand, Libya, Kuwait, Vietnam, South Africa, the Netherlands, Morocco and the UK lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +388.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for buckwheat exported from India were Nepal ($X), South Korea ($X) and Taiwan (Chinese) ($X), together accounting for 44% of total exports. The United States, Libya, China, Thailand, the UK, Kuwait, Vietnam, South Africa, Morocco and the Netherlands lagged somewhat behind, together accounting for a further 39%.

In terms of the main countries of destination, Vietnam, with a CAGR of +310.9%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average buckwheat export price amounted to $X per ton, falling by -10.4% against the previous year. Over the period under review, the export price, however, recorded a modest increase. The growth pace was the most rapid in 2021 an increase of 74%. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Buckwheat Imports

Imports into India

In 2022, overseas purchases of buckwheat decreased by 99.9% to X kg, falling for the fourth year in a row after three years of growth. Overall, imports faced a sharp decrease. The pace of growth appeared the most rapid in 2014 when imports increased by 230%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, buckwheat imports fell remarkably to $X in 2022. In general, imports showed a sharp decline. The most prominent rate of growth was recorded in 2014 with an increase of 86%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Switzerland (X kg) was the main supplier of buckwheat to India, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Switzerland was relatively modest.

In value terms, Switzerland ($X) constituted the largest supplier of buckwheat to India.

From 2012 to 2022, the average annual rate of growth in terms of value from Switzerland was relatively modest.

Import Prices by Country

In 2022, the average buckwheat import price amounted to $X per ton, jumping by 663% against the previous year. In general, the import price saw a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.6% per year.

Source: IndexBox Platform

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