Broken Rice Price in Iran - 2021
Contents:
- Broken Rice Price in Iran (CIF) - 2022
- Broken Rice Price in Iran (FOB) - 2022
- Broken Rice Imports in Iran
- Broken Rice Exports in Iran
Broken Rice Price in Iran (CIF) - 2022
In 2022, the average broken rice import price amounted to $326 per ton, falling by -28.4% against the previous year. Over the period under review, the import price showed a perceptible descent. The growth pace was the most rapid in 2015 an increase of 37%. As a result, import price reached the peak level of $473 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
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 Free Zones ($1,212 per ton), while the price for the United Arab Emirates ($116 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+14.3%), while the prices for the other major suppliers experienced a decline.
Broken Rice Price in Iran (FOB) - 2022
In 2022, the average broken rice export price amounted to $365 per ton, reducing by -67.6% against the previous year. Overall, the export price, however, saw perceptible growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 71%. The export price peaked at $1,707 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($1,524 per ton), while the average price for exports to Turkey ($182 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 Armenia (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Broken Rice Imports in Iran
After two years of decline, purchases abroad of broken rice increased by 98% to 997 tons in 2022. Over the period under review, imports recorded prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, broken rice imports soared to $325K in 2022. Overall, total imports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +4.4% 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 +42.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Broken Rice in Iran (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Free Zones | 178 | 128 | 168 | 203 | 4.5% |
United Arab Emirates | 45.6 | 32.9 | 35.2 | 80.6 | 20.9% |
India | 25.1 | 49.1 | 12.0 | 28.5 | 4.3% |
Pakistan | 35.2 | 17.0 | 12.6 | 12.0 | -30.1% |
Others | 1.4 | 0.9 | 1.2 | 1.1 | -7.7% |
Total | 285 | 228 | 229 | 325 | 4.5% |
Top Suppliers of Broken Rice to Iran in 2022:
- United Arab Emirates (692.2 tons)
- Free Zones (167.1 tons)
- India (73.0 tons)
- Pakistan (59.9 tons)
Broken Rice Exports in Iran
In 2022, approx. 493 tons of broken rice were exported from Iran; growing by 641% on the previous year. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, broken rice exports skyrocketed to $180K in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 669%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Broken Rice in Iran (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | N/A | N/A | N/A | 68.0 | 0% |
Iraq | 1.1 | 2.4 | 41.9 | 51.4 | 260.2% |
Canada | 0.5 | 2.0 | 9.6 | 22.8 | 257.3% |
United Kingdom | N/A | 0.2 | N/A | 14.9 | 763.1% |
Armenia | 0.4 | 1.8 | 10.9 | 11.7 | 208.1% |
United Arab Emirates | 0.1 | 0.7 | 0.3 | 5.6 | 282.6% |
Others | 0.5 | 2.6 | 12.2 | 5.4 | 121.0% |
Total | 2.6 | 9.7 | 74.9 | 180 | 310.6% |
Top Export Markets for Broken Rice from Iran in 2022:
- Turkey (373.7 tons)
- Iraq (33.7 tons)
- Armenia (26.4 tons)
- Canada (24.8 tons)
- United Kingdom (14.3 tons)
- United Arab Emirates (13.6 tons)
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This year, rice prices are forecast to ease, thanks primarily to rising production and exports from India, Thailand, Vietnam, China, and Pakistan. India dominates global trade, more than doubling its supplies at a competitive cost over the past two years.
Over 2020-2021 period, the global rice market displayed robust production indicators. Despite a pronounced shortage of shipping containers threatening to disrupt supplies to Africa, the global rice export market continues to expand. India maintains its status as the largest exporter, boasting the most competitive rice export prices.
Global rice consumption amounted to X tons in 2016 (in terms of milled rice weight), posting modest but robust gains from 2007-2016. The total consumption volume increased at an average annual rate of +X%. Over the period under review, the globa
Global rice consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
Global rice exports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
Global rice imports amounted to X thousand tons in 2015, declining by -X% against the previous year level.
In 2015, the countries with the highest levels of rice production were China (X thousand tons), India (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
India, despite a slight drop in exports in 2014, continued its dominance in the global rice trade. In 2014, India exported X thousand tons of rice totaling X million USD, X% under the previous year. Its primary trading partner was Saudi Arab