Buckwheat Market Overview in Australia
In value terms, buckwheat production totaled $ in 2018 estimated in export prices. Over the period under review, production showed a buoyant increase. Over the period under review, production hit record highs in 2018 and is likely to continue growth in the immediate term.
The average yield of buckwheat in Australia was estimated at kg per ha in 2018, almost unchanged from the year before. Overall, the yield continues to indicate 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 Australia amounted to ha in 2018, standing approx. at the previous year's figure. In general, the harvested area saw a relatively flat trend pattern.
The value of the buckwheat market in Australia declined modestly to $ in 2018, which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption faced a abrupt descent. The most prominent rate of growth was recorded in 2013 when the market value increased by % year-to-year. Over the period under review, the market attained the peak level at $ in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.