Lithuania - Buckwheat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBuckwheat Price in Lithuania - 2023
Contents:
- Buckwheat Price in Lithuania (CIF) - 2023
- Buckwheat Price in Lithuania (FOB) - 2023
- Buckwheat Imports in Lithuania
- Buckwheat Exports in Lithuania
Buckwheat Price in Lithuania (CIF) - 2023
In September 2023, the average buckwheat import price amounted to $679 per ton, shrinking by -9.1% against the previous month. In general, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in July 2023 an increase of 41% month-to-month. Over the period under review, average import prices attained the peak figure at $1,119 per ton in September 2022; however, from October 2022 to September 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Latvia ($681 per ton), while the price for Kazakhstan stood at $673 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Latvia (-2.7%), while the prices for the other major suppliers experienced a decline.
Buckwheat Price in Lithuania (FOB) - 2023
In September 2023, the average buckwheat export price amounted to $612 per ton, waning by -7.5% against the previous month. In general, the export price showed a deep contraction. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 5.2% month-to-month. Over the period under review, the average export prices reached the peak figure at $1,181 per ton in September 2022; however, from October 2022 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was the Czech Republic ($1,135 per ton), while the average price for exports to Poland ($496 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+0.8%), while the prices for the other major destinations experienced a decline.
Buckwheat Imports in Lithuania
In 2022, approx. 20K tons of buckwheat were imported into Lithuania; with an increase of 19% on the previous year's figure. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 301% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, buckwheat imports soared to $16M in 2022. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 477% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Buckwheat in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.4 | 1.2 | 8.8 | 12.6 | 215.8% |
| Latvia | 0.7 | 0.6 | 2.1 | 1.5 | 28.9% |
| Estonia | 0.1 | 0.1 | 0.4 | 0.7 | 91.3% |
| Kazakhstan | N/A | N/A | N/A | 0.4 | 0% |
| Others | 0.3 | N/A | 0.3 | 0.4 | 10.1% |
| Total | 1.5 | 2.0 | 11.5 | 15.6 | 118.3% |
Top Suppliers of Buckwheat to Lithuania in 2022:
- Russia (16.8K tons)
- Latvia (1.7K tons)
- Estonia (0.8K tons)
- Kazakhstan (0.5K tons)
Buckwheat Exports in Lithuania
In 2022, the amount of buckwheat exported from Lithuania reduced slightly to 11K tons, with a decrease of -3.5% against 2021 figures. In general, exports showed a deep downturn.
In value terms, buckwheat exports amounted to $10M in 2022. The total export value increased at an average annual rate of +10.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Buckwheat in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 3.7 | 3.7 | 3.9 | 4.2 | 4.3% |
| France | 0.9 | 1.2 | 0.8 | 3.5 | 57.3% |
| Italy | 1.9 | 1.0 | 2.1 | 1.5 | -7.6% |
| Latvia | 0.1 | N/A | 0.1 | 0.3 | 44.2% |
| Germany | 0.7 | 1.1 | 1.6 | 0.3 | -24.6% |
| Others | 0.2 | 0.4 | 1.2 | 0.4 | 26.0% |
| Total | 7.5 | 7.4 | 9.7 | 10.1 | 10.4% |
Top Export Markets for Buckwheat from Lithuania in 2022:
- Poland (4.5K tons)
- France (3.9K tons)
- Italy (1.3K tons)
- Germany (0.3K tons)
- Latvia (0.2K tons)
This report provides an in-depth analysis of the buckwheat market in Lithuania. 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:
- Lithuania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Lithuania
- 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
-
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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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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3105
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2176
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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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The Mongozo Buckwheat White recently won gold at the World Beer Awards in London. Brewed with unique ingredients, the Buckwheat White is praised for its fresh and fruity aroma and smooth aftertaste. Most importantly, it is gluten-free, and is, therefor
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