Report Update Nov 1, 2024

Saudi Arabia - Buckwheat - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Buckwheat Market 2024

Buckwheat Market Size in Saudi Arabia

The Saudi buckwheat market totaled less than $X in 2022, approximately reflecting the previous year. In general, consumption, however, recorded a significant expansion. The pace of growth was the most pronounced in 2019 when the market value decreased by 99.9%. Buckwheat consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Buckwheat Production in Saudi Arabia

In value terms, buckwheat production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, showed a significant increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by 63% against the previous year. Buckwheat production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of buckwheat in Saudi Arabia amounted to less than X kg per ha in 2022, almost unchanged from the previous year's figure. Over the period under review, the yield recorded 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.

The buckwheat harvested area in Saudi Arabia stood at less than X ha in 2022, stabilizing at the year before. Overall, the harvested area recorded a relatively flat trend pattern.

Buckwheat Exports

Exports from Saudi Arabia

After two years of decline, shipments abroad of buckwheat decreased by 0% to X kg in 2018. In general, exports saw a abrupt decline. The smallest decline of 99.9% was in 2016. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2018, the exports remained at a lower figure.

In value terms, buckwheat exports stood at $X in 2018. Over the period under review, exports showed a buoyant expansion. The smallest decline of 99.9% was in 2016. Over the period under review, the exports attained the maximum in 2018 and are expected to retain growth in the near future.

Exports by Country

Yemen (X kg) was the main destination for buckwheat exports from Saudi Arabia, accounting for a approx. 100% share of total exports.

From 2015 to 2018, the average annual rate of growth in terms of volume to Yemen amounted to -15.7%.

From 2015 to 2018, the average annual growth rate of value to Yemen totaled +7.8%.

Export Prices by Country

In 2018, the average buckwheat export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price continues to indicate a significant increase. The growth pace was the most rapid in 2016 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices attained the peak figure in 2018 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Yemen.

From 2015 to 2018, the rate of growth in terms of prices for Yemen amounted to +27.9% per year.

Buckwheat Imports

Imports into Saudi Arabia

In 2022, the amount of buckwheat imported into Saudi Arabia contracted significantly to X kg, which is down by -63.3% on 2021. Over the period under review, imports continue to indicate a sharp descent. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, buckwheat imports fell markedly to $X in 2022. In general, imports showed a dramatic contraction. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X kg) was the main buckwheat supplier to Saudi Arabia, accounting for a 98% share of total imports. It was followed by Bahrain (X kg), with a 1.8% share of total imports.

From 2018 to 2022, the average annual growth rate of volume from India was relatively modest.

In value terms, India ($X) constituted the largest supplier of buckwheat to Saudi Arabia, comprising 98% of total imports. The second position in the ranking was taken by Bahrain ($X), with a 1.8% share of total imports.

From 2018 to 2022, the average annual growth rate of value from India was relatively modest.

Import Prices by Country

The average buckwheat import price stood at $X per ton in 2022, picking up by 36% against the previous year. In general, the import price recorded a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Bahrain stood at $X per ton.

From 2018 to 2022, the most notable rate of growth in terms of prices was attained by India (+76.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for buckwheat in the world?

The countries with the highest volumes of buckwheat consumption in 2021 were Russia, China and France, together comprising 67% of global consumption. These countries were followed by Poland, Ukraine, Lithuania, the United States, Japan, Brazil and Kazakhstan, which together accounted for a further 26%.

What are the largest producers of buckwheat in the world?

The countries with the highest volumes of buckwheat production in 2021 were Russia, China and France, with a combined 71% share of global production. Poland, Ukraine, the United States, Lithuania, Brazil, Japan and Kazakhstan lagged somewhat behind, together accounting for a further 24%.

What are the leading suppliers of buckwheat to Saudi Arabia?

In value terms, Yemen constituted the largest supplier of buckwheat to Saudi Arabia.

What are the leading importers of buckwheat from Saudi Arabia?

In value terms, Yemen remains the key foreign market for buckwheat exports from Saudi Arabia.

What is the average export price for buckwheat in Saudi Arabia?

The average buckwheat export price stood at $2,274 per ton in 2021, waning by -4.5% against the previous year.

What is the average import price for buckwheat in Saudi Arabia?

The average buckwheat import price stood at $535 per ton in 2018, standing approx. at the previous year.

This report provides an in-depth analysis of the buckwheat market in Saudi Arabia. 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:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023