Milled Rice Price in Ukraine - 2023
Contents:
- Milled Rice Price in Ukraine (CIF) - 2023
- Milled Rice Price in Ukraine (FOB) - 2022
- Milled Rice Imports in Ukraine
- Milled Rice Exports in Ukraine
Milled Rice Price in Ukraine (CIF) - 2023
The average milled rice import price stood at $735 per ton in May 2023, rising by 6.3% against the previous month. In general, the import price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 15% month-to-month. The import price peaked at $1,005 per ton in May 2022; however, from June 2022 to May 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Pakistan ($2,412 per ton), while the price for India ($653 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Pakistan (+7.9%), while the prices for the other major suppliers experienced a decline.
Milled Rice Price in Ukraine (FOB) - 2022
The average milled rice export price stood at $1,028 per ton in 2022, increasing by 36% against the previous year. In general, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, milled rice export price increased by +99.3% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lebanon ($1,620 per ton), while the average price for exports to Romania ($770 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 Romania (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.
Milled Rice Imports in Ukraine
In 2022, approx. 72K tons of semi-milled or wholly milled (bleached) rice were imported into Ukraine; growing by 8.7% against 2021 figures. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 46%. As a result, imports attained the peak of 104K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, milled rice imports skyrocketed to $60M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.3% 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 +87.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Milled Rice in Ukraine (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 9.1 | 11.7 | 15.4 | 20.4 | 30.9% |
| China | 7.1 | 19.7 | 6.1 | 18.4 | 37.4% |
| Pakistan | 9.4 | 6.6 | 5.5 | 7.8 | -6.0% |
| Thailand | 2.3 | 3.8 | 2.0 | 4.9 | 28.7% |
| Myanmar | N/A | N/A | N/A | 2.6 | 0% |
| Vietnam | 1.1 | 1.3 | 0.9 | 2.1 | 24.1% |
| Kazakhstan | 0.1 | 0.2 | 2.6 | 1.4 | 141.0% |
| Others | 2.9 | 3.8 | 3.9 | 2.2 | -8.8% |
| Total | 31.9 | 47.2 | 36.4 | 59.8 | 23.3% |
Top Suppliers of Milled Rice to Ukraine in 2022:
- India (25.8K tons)
- China (22.4K tons)
- Pakistan (9.6K tons)
- Thailand (5.0K tons)
- Myanmar (2.8K tons)
- Vietnam (2.4K tons)
- Kazakhstan (2.1K tons)
Milled Rice Exports in Ukraine
Milled rice exports from Ukraine shrank notably to 842 tons in 2022, reducing by -86.1% compared with the previous year's figure. Over the period under review, exports recorded a precipitous curtailment. The growth pace was the most rapid in 2021 when exports increased by 31% against the previous year. As a result, the exports reached the peak of 6K tons, and then dropped significantly in the following year.
In value terms, milled rice exports reduced dramatically to $866K in 2022. Overall, exports showed a dramatic setback. The growth pace was the most rapid in 2021 with an increase of 19%. As a result, the exports attained the peak of $4.6M, and then reduced sharply in the following year.
| Export of Milled Rice in Ukraine (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lebanon | 0.2 | N/A | N/A | 400 | 1159.9% |
| Moldova | 442 | 557 | 1,476 | 252 | -17.1% |
| Romania | 561 | 278 | 519 | 199 | -29.2% |
| Turkey | 3,268 | 2,803 | 2,342 | 0.8 | -93.7% |
| Others | 172 | 184 | 218 | 14.1 | -56.6% |
| Total | 4,443 | 3,821 | 4,556 | 866 | -42.0% |
Top Export Markets for Milled Rice from Ukraine in 2022:
- Moldova (327.1 tons)
- Romania (258.8 tons)
- Lebanon (246.6 tons)
- Turkey (1.0 tons)
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