Broken Rice Price in Estonia - 2023

Broken Rice Price in Estonia (CIF) - 2022

In 2022, the average broken rice import price amounted to $691 per ton, increasing by 2.1% against the previous year. In general, the import price, however, showed a mild setback. The growth pace was the most rapid in 2021 an increase of 19% against the previous year. The import price peaked at $822 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($732 per ton), while the price for the Czech Republic totaled $681 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Broken Rice Price in Estonia (FOB) - 2022

In 2022, the average broken rice export price amounted to $1,415 per ton, reducing by -3.4% against the previous year. In general, the export price showed a perceptible descent. The export price peaked at $1,627 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($1,738 per ton), while the average price for exports to the Netherlands ($169 per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+1.1%).

Broken Rice Imports in Estonia

For the fourth year in a row, Estonia recorded growth in purchases abroad of broken rice, which increased by 35% to 149 tons in 2022. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, broken rice imports surged to $103K in 2022. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Broken Rice in Estonia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Czech Republic	N/A	24.3	47.3	80.4	81.9%
Lithuania	N/A	25.3	26.7	22.2	-6.3%
Latvia	3.7	3.9	N/A	N/A	5.4%
Italy	43.8	N/A	N/A	N/A	0%
Others	0.3	0.1	0.6	N/A	41.4%
Total	47.7	53.6	74.6	103	29.3%

Top Suppliers of Broken Rice to Estonia in 2022:

Czech Republic (118.1 tons)
Lithuania (30.4 tons)

Broken Rice Exports in Estonia

In 2022, the amount of broken rice exported from Estonia skyrocketed to 612 kg, rising by 17% compared with 2021 figures. The total export volume increased at an average annual rate of +16.6% from 2021 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, broken rice exports rose markedly to $866 in 2022. The total export value increased at an average annual rate of +12.6% from 2021 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.