Norway: Buckwheat Market 2025

Buckwheat Market Size in Norway

In 2022, the Norwegian buckwheat market increased by 51% to $X, rising for the fourth consecutive year after four years of decline. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Buckwheat Exports

Exports from Norway

In 2022, after four years of decline, there was significant growth in shipments abroad of buckwheat, when their volume increased by 151% to X kg. In general, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 when exports increased by 648%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, buckwheat exports soared to $X in 2022. Overall, exports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2013 when exports increased by 961% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X kg) was the main destination for buckwheat exports from Norway, with a 63% share of total exports. Moreover, buckwheat exports to Sweden exceeded the volume sent to the second major destination, the Netherlands (X kg), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-26.3% per year) and Denmark (-78.4% per year).

In value terms, Sweden ($X) remains the key foreign market for buckwheat exports from Norway, comprising 49% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 6.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden totaled -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-27.0% per year) and Denmark (-71.2% per year).

Export Prices by Country

The average buckwheat export price stood at $X per ton in 2022, which is down by -21.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2013 an increase of 42% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to the Netherlands ($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 Denmark (+33.4%), while the prices for the other major destinations experienced a decline.

Buckwheat Imports

Imports into Norway

In 2022, overseas purchases of buckwheat increased by 47% to X tons, rising for the fourth consecutive year after four years of decline. Over the period under review, imports, however, continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2020 when imports increased by 96% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, buckwheat imports surged to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 75% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of buckwheat imports to Norway, together accounting for 68% of total imports. Russia, Lithuania, Latvia, Denmark and Germany lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +93.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest buckwheat suppliers to Norway were Poland ($X), China ($X) and the Netherlands ($X), with a combined 69% share of total imports. Russia, Lithuania, Latvia, Denmark and Germany lagged somewhat behind, together comprising a further 26%.

Latvia, with a CAGR of +85.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average buckwheat import price stood at $X per ton in 2022, increasing by 3.3% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, buckwheat import price increased by +19.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 19% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Russia ($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 (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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