Broken Rice Price in Iran - 2021

Contents:

  1. Broken Rice Price in Iran (CIF) - 2022
  2. Broken Rice Price in Iran (FOB) - 2022
  3. Broken Rice Imports in Iran
  4. 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)
COUNTRY2019202020212022CAGR,
2019-2022
Free Zones1781281682034.5%
United Arab Emirates45.632.935.280.620.9%
India25.149.112.028.54.3%
Pakistan35.217.012.612.0-30.1%
Others1.40.91.21.1-7.7%
Total2852282293254.5%

Top Suppliers of Broken Rice to Iran in 2022:

  1. United Arab Emirates (692.2 tons)
  2. Free Zones (167.1 tons)
  3. India (73.0 tons)
  4. 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)
COUNTRY2019202020212022CAGR,
2019-2022
TurkeyN/AN/AN/A68.00%
Iraq1.12.441.951.4260.2%
Canada0.52.09.622.8257.3%
United KingdomN/A0.2N/A14.9763.1%
Armenia0.41.810.911.7208.1%
United Arab Emirates0.10.70.35.6282.6%
Others0.52.612.25.4121.0%
Total2.69.774.9180310.6%

Top Export Markets for Broken Rice from Iran in 2022:

  1. Turkey (373.7 tons)
  2. Iraq (33.7 tons)
  3. Armenia (26.4 tons)
  4. Canada (24.8 tons)
  5. United Kingdom (14.3 tons)
  6. United Arab Emirates (13.6 tons)

Source: IndexBox Market Intelligence Platform

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