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Japan - Buckwheat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBuckwheat Price in Japan - 2023
Contents:
- Buckwheat Price in Japan (CIF) - 2023
- Buckwheat Price in Japan (FOB) - 2022
- Buckwheat Imports in Japan
- Buckwheat Exports in Japan
Buckwheat Price in Japan (CIF) - 2023
The average buckwheat import price stood at $960 per ton in July 2023, with an increase of 12% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 17% month-to-month. As a result, import price reached the peak level of $1,134 per ton. From June 2023 to July 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($1,454 per ton), while the price for Russia ($605 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Buckwheat Price in Japan (FOB) - 2022
In 2022, the average buckwheat export price amounted to $1,132 per ton, surging by 17% against the previous year. Overall, the export price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 254% against the previous year. The export price peaked at $2,886 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to South Africa ($1,157 per ton) and France ($1,157 per ton), while the average price for exports to Australia ($1,006 per ton) and the United States ($1,156 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mongolia (+50.4%), while the prices for the other major destinations experienced mixed trend patterns.
Buckwheat Imports in Japan
In 2022, supplies from abroad of buckwheat was finally on the rise to reach 31K tons after two years of decline. Overall, imports, however, recorded a deep slump.
In value terms, buckwheat imports skyrocketed to $28M in 2022. In general, imports, however, continue to indicate a pronounced contraction.
Import of Buckwheat in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 14.2 | 10.8 | 10.2 | 12.1 | -5.2% |
Russia | 3.9 | 3.1 | 5.6 | 6.3 | 17.3% |
China | 10.8 | 7.3 | 4.8 | 6.2 | -16.9% |
Brazil | 0.7 | 1.4 | 1.6 | 2.6 | 54.9% |
Others | 0.4 | 0.4 | 0.7 | 0.9 | 31.0% |
Total | 30.0 | 22.8 | 22.9 | 28.1 | -2.2% |
Top Suppliers of Buckwheat to Japan in 2022:
- United States (12.9K tons)
- Russia (8.1K tons)
- China (6.1K tons)
- Brazil (3.2K tons)
Buckwheat Exports in Japan
In 2022, shipments abroad of buckwheat decreased by -50.8% to 18 tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 981%. As a result, the exports attained the peak of 269 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, buckwheat exports shrank significantly to $21K in 2022. Overall, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 335% against the previous year. As a result, the exports reached the peak of $277K. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Buckwheat in Japan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 17.8 | 21.6 | 14.0 | 8.0 | -23.4% |
France | 22.0 | 5.9 | 8.8 | 4.8 | -39.8% |
Singapore | N/A | N/A | 2.2 | 3.6 | 63.6% |
Australia | N/A | N/A | N/A | 3.0 | 0% |
South Africa | N/A | N/A | N/A | 1.6 | 0% |
Russia | N/A | N/A | 9.9 | N/A | 0% |
China | N/A | 121 | N/A | N/A | 0% |
Mongolia | N/A | 124 | N/A | N/A | 0% |
Others | 23.9 | 5.1 | 1.4 | N/A | -75.8% |
Total | 63.7 | 277 | 36.3 | 20.9 | -31.0% |
Top Export Markets for Buckwheat from Japan in 2022:
- United States (6.9 tons)
- France (4.1 tons)
- Singapore (3.1 tons)
- Australia (3.0 tons)
- South Africa (1.3 tons)
This report provides an in-depth analysis of the buckwheat market in Japan. 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:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Overall, imports of Buckwheat remained stable, with a noteworthy increase in value to $2.5M in November 2023.
In April 2023, the buckwheat price stood at $970 per ton (CIF, Japan), falling by -3% against the previous month.
In the immediate term, the global buckwheat market may face a shortage due to an export ban introduced in Russia. The country, being the largest producer and exporter of buckwheat, restricted exporting unprocessed buckwheat, coarsely ground buckwheat groats, and crushed buckwheat grain from June 5, 2021, to August 31. Russia took this step to preserve the volumes of the buckwheat grain for its domestic consumption and prevent a spike in prices inside the country. China, Latvia and Ukraine featured the most prominent increases in imports from Russia in 2021.
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Global buckwheat imports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
In 2015, the countries with the highest levels of production in 2015 were Russia (X thousand tons), China (X thousand tons), France (X thousand tons), together accounting for X% of total output.
In 2015, gross yield of buckwheat in the world increased after the fall of 2013-2014. Production volumes are increasing in Russia, as well as in China, together accounting for two thirds of global production. According to e
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