United Kingdom: Buckwheat Market 2025

Buckwheat Market Size in the UK

In 2022, the UK buckwheat market decreased by -34.5% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption continues to indicate a abrupt contraction. Buckwheat consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Buckwheat Exports

Exports from the UK

In 2022, overseas shipments of buckwheat were finally on the rise to reach X tons after five years of decline. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 400%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, buckwheat exports skyrocketed to $X in 2022. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Hong Kong SAR (X tons), Germany (X tons) and the United States (X tons) were the main destinations of buckwheat exports from the UK, with a combined 63% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +207.5%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) emerged as the key foreign market for buckwheat exports from the UK, comprising 49% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 20% share of total exports. It was followed by Ireland, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value to Sweden amounted to +145.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+106.6% per year) and Ireland (+11.1% per year).

Export Prices by Country

In 2022, the average buckwheat export price amounted to $X per ton, picking up by 88% against the previous year. In general, the export price recorded temperate growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Germany ($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 Sweden (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Buckwheat Imports

Imports into the UK

In 2022, overseas purchases of buckwheat decreased by -28.5% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 38%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, buckwheat imports declined notably to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 60%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Poland (X tons), Germany (X tons) and France (X tons) were the main suppliers of buckwheat imports to the UK, with a combined 47% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +27.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest buckwheat suppliers to the UK were Poland ($X), Germany ($X) and Hungary ($X), with a combined 47% share of total imports.

Poland, with a CAGR of +21.5%, recorded 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

In 2022, the average buckwheat import price amounted to $X per ton, shrinking by -2.5% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +9.5% 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 +18.0% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 91% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then fell slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :