Lithuania: Buckwheat Market 2025

Buckwheat Market Size in Lithuania

In 2022, the Lithuanian buckwheat market increased by 15% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption continues to indicate a prominent expansion. Buckwheat consumption peaked in 2022 and is expected to retain growth in the immediate term.

Buckwheat Production in Lithuania

In value terms, buckwheat production skyrocketed to $X in 2022 estimated in export price. In general, production saw a strong increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by 93% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

The average yield of buckwheat in Lithuania amounted to X tons per ha in 2022, approximately mirroring 2021. The yield figure increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2016 with an increase of 15%. As a result, the yield attained the peak level of X tons per ha; 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.

In 2022, the buckwheat harvested area in Lithuania rose modestly to X ha, with an increase of 2% compared with the previous year. In general, the total harvested area indicated a remarkable increase from 2012 to 2022: its figure increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, buckwheat harvested area decreased by -1.9% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 23%. The buckwheat harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Buckwheat Exports

Exports from Lithuania

For the third year in a row, Lithuania recorded decline in overseas shipments of buckwheat, which decreased by -3.5% to X tons in 2022. Over the period under review, exports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2013 when exports increased by 334% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, buckwheat exports expanded slightly to $X in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 258%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X tons), France (X tons) and Italy (X tons) were the main destinations of buckwheat exports from Lithuania, together accounting for 93% of total exports. Germany and Latvia lagged somewhat behind, together comprising a further 4.6%.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +118.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for buckwheat exported from Lithuania were Poland ($X), France ($X) and Italy ($X), together comprising 90% of total exports. Latvia and Germany lagged somewhat behind, together accounting for a further 5.9%.

Latvia, with a CAGR of +101.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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, picking up by 8.2% against the previous year. Overall, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 75%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to France ($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 Italy (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Buckwheat Imports

Imports into Lithuania

In 2022, overseas purchases of buckwheat increased by 19% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2013 when imports increased by 626% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, buckwheat imports soared to $X in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 508%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Russia (X tons) constituted the largest buckwheat supplier to Lithuania, with a 83% share of total imports. Moreover, buckwheat imports from Russia exceeded the figures recorded by the second-largest supplier, Latvia (X tons), tenfold. The third position in this ranking was held by Estonia (X tons), with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+6.1% per year) and Estonia (+0.6% per year).

In value terms, Russia ($X) constituted the largest supplier of buckwheat to Lithuania, comprising 81% of total imports. The second position in the ranking was taken by Latvia ($X), with a 9.5% share of total imports. It was followed by Estonia, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value from Russia stood at +22.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+14.9% per year) and Estonia (+7.7% per year).

Import Prices by Country

The average buckwheat import price stood at $X per ton in 2022, picking up by 14% against the previous year. Over the period under review, the import price showed prominent growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 46% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Kazakhstan ($X per ton) and Latvia ($X per ton), while the price for Russia ($X per ton) and Estonia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform