Milled Rice Price in Slovakia - 2023
Contents:
- Milled Rice Price in Slovakia (CIF) - 2023
- Milled Rice Price in Slovakia (FOB) - 2023
- Milled Rice Imports in Slovakia
- Milled Rice Exports in Slovakia
Milled Rice Price in Slovakia (CIF) - 2023
In June 2023, the average milled rice import price amounted to $1,098 per ton, waning by -7.2% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 11% month-to-month. As a result, import price reached the peak level of $1,230 per ton. From May 2023 to June 2023, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the countries with the highest prices were Poland ($1,316 per ton) and the Czech Republic ($1,225 per ton), while the price for Hungary ($881 per ton) and the Netherlands ($906 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Romania (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Milled Rice Price in Slovakia (FOB) - 2023
The average milled rice export price stood at $1,069 per ton in June 2023, with a decrease of -14.2% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 14% against the previous month. Over the period under review, the average export prices hit record highs at $1,283 per ton in April 2023; however, from May 2023 to June 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In June 2023, the country with the highest price was the Czech Republic ($1,267 per ton), while the average price for exports to Hungary stood at $1,058 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+1.2%).
Milled Rice Imports in Slovakia
In 2022, the amount of semi-milled or wholly milled (bleached) rice imported into Slovakia amounted to 31K tons, surging by 5.5% compared with the year before. The total import volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 when imports increased by 8.3%. As a result, imports reached the peak of 32K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, milled rice imports skyrocketed to $30M in 2022. The total import value increased at an average annual rate of +8.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Milled Rice in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 5.5 | 8.1 | 9.7 | 8.4 | 15.2% |
| China | 3.2 | 4.0 | 4.8 | 7.0 | 29.8% |
| Italy | 6.7 | 6.7 | 4.9 | 4.9 | -9.9% |
| Romania | 0.3 | 1.1 | 1.2 | 1.8 | 81.7% |
| Vietnam | 0.4 | 1.4 | 1.6 | 1.5 | 55.4% |
| Poland | 2.2 | 2.4 | 1.8 | 1.3 | -16.1% |
| Guyana | N/A | N/A | 0.1 | 0.6 | 500.0% |
| Hungary | 1.7 | 0.4 | 0.3 | 0.3 | -43.9% |
| Others | 3.6 | 4.1 | 1.8 | 4.4 | 6.9% |
| Total | 23.6 | 28.2 | 26.0 | 30.1 | 8.4% |
Top Suppliers of Milled Rice to Slovakia in 2022:
- China (9.0K tons)
- Czech Republic (7.8K tons)
- Italy (4.9K tons)
- Romania (2.1K tons)
- Vietnam (1.3K tons)
- Poland (0.8K tons)
- Guyana (0.7K tons)
- Hungary (0.2K tons)
Milled Rice Exports in Slovakia
In 2022, after three years of growth, there was significant decline in overseas shipments of semi-milled or wholly milled (bleached) rice, when their volume decreased by -18.2% to 3K tons. In general, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 77% against the previous year. As a result, the exports reached the peak of 3.6K tons, and then dropped notably in the following year.
In value terms, milled rice exports plummeted to $3.1M in 2022. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 135%. As a result, the exports attained the peak of $4.8M, and then declined significantly in the following year.
| Export of Milled Rice in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 812 | 1,178 | 1,241 | 2,322 | 41.9% |
| Czech Republic | 479 | 448 | 1,251 | 703 | 13.6% |
| Poland | 244 | 111 | 529 | 31.0 | -49.7% |
| Austria | 84.0 | 291 | 1,666 | 7.7 | -54.9% |
| Others | 8.3 | 27.4 | 136 | 48.6 | 80.2% |
| Total | 1,627 | 2,056 | 4,822 | 3,112 | 24.1% |
Top Export Markets for Milled Rice from Slovakia in 2022:
- Hungary (2254.8 tons)
- Czech Republic (663.5 tons)
- Poland (16.1 tons)
- Austria (3.9 tons)
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