United Kingdom - Rice - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRice Price in the UK - 2023
Contents:
- Rice Price in the UK (CIF) - 2022
- Rice Price in the UK (FOB) - 2022
- Rice Imports in the UK
- Rice Exports in the UK
Rice Price in the UK (CIF) - 2022
In 2022, the average rice import price amounted to $869 per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 11%. Over the period under review, average import prices reached the peak figure at $967 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($1,275 per ton), while the price for Myanmar ($384 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Rice Price in the UK (FOB) - 2022
In 2022, the average rice export price amounted to $1,659 per ton, with an increase of 2.4% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rice export price increased by +48.4% against 2017 indices. The growth pace was the most rapid in 2018 an increase of 20% against the previous year. The export price peaked at $1,895 per ton in 2014; however, from 2015 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 Canada ($2,715 per ton), while the average price for exports to the United States ($877 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 Belgium (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Rice Imports in the UK
In 2022, rice imports into the UK rose significantly to 691K tons, picking up by 6.1% compared with the previous year. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 14%. As a result, imports attained the peak of 767K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, rice imports reached $601M in 2022. The total import value increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 18%. As a result, imports reached the peak of $625M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Rice in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 118 | 158 | 169 | 161 | 10.9% |
| Pakistan | 96.2 | 119 | 118 | 99.4 | 1.1% |
| Italy | 57.7 | 75.0 | 63.5 | 81.8 | 12.3% |
| Spain | 60.0 | 56.0 | 36.8 | 51.4 | -5.0% |
| Uruguay | 6.2 | 18.0 | 16.6 | 40.4 | 86.8% |
| Thailand | 49.2 | 47.3 | 31.6 | 35.8 | -10.1% |
| Myanmar | 11.6 | 13.0 | 0.3 | 33.2 | 42.0% |
| United States | 12.2 | 13.8 | 13.6 | 18.6 | 15.1% |
| Cambodia | 9.7 | 11.8 | 7.7 | 15.7 | 17.4% |
| Argentina | 2.3 | 4.3 | 7.5 | 15.4 | 88.5% |
| Guyana | 14.6 | 9.8 | 4.8 | 7.0 | -21.7% |
| Netherlands | 38.6 | 34.0 | 42.5 | 2.5 | -59.8% |
| Belgium | 21.1 | 23.5 | 30.3 | 1.8 | -56.0% |
| Others | 33.6 | 41.1 | 32.8 | 36.7 | 3.0% |
| Total | 531 | 625 | 575 | 601 | 4.2% |
Top Suppliers of Rice to the UK in 2022:
- India (150.0K tons)
- Pakistan (102.0K tons)
- Myanmar (86.6K tons)
- Italy (72.4K tons)
- Uruguay (64.8K tons)
- Spain (50.0K tons)
- Thailand (39.2K tons)
- Argentina (26.7K tons)
- United States (23.7K tons)
- Cambodia (17.2K tons)
- Guyana (11.3K tons)
- Netherlands (3.1K tons)
- Belgium (1.6K tons)
Rice Exports in the UK
In 2022, the amount of rice exported from the UK skyrocketed to 32K tons, growing by 19% compared with 2021 figures. Overall, exports, however, faced a abrupt decrease.
In value terms, rice exports skyrocketed to $54M in 2022. Over the period under review, exports, however, showed a abrupt setback.
| Export of Rice in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 18.8 | 21.9 | 10.3 | 12.9 | -11.8% |
| Netherlands | 9.7 | 12.8 | 11.2 | 12.1 | 7.6% |
| France | 15.0 | 14.9 | 8.3 | 11.7 | -7.9% |
| Germany | 7.4 | 9.2 | 4.1 | 4.9 | -12.8% |
| Italy | 4.2 | 4.4 | 2.0 | 2.8 | -12.6% |
| Belgium | 3.6 | 3.6 | 2.0 | 1.6 | -23.7% |
| Spain | 2.8 | 2.8 | 0.3 | 0.8 | -34.1% |
| Others | 12.0 | 13.9 | 5.8 | 6.8 | -17.2% |
| Total | 73.6 | 83.5 | 44.0 | 53.6 | -10.0% |
Top Export Markets for Rice from the UK in 2022:
- Ireland (8.2K tons)
- Netherlands (7.8K tons)
- France (6.1K tons)
- Germany (2.8K tons)
- Italy (2.0K tons)
- Belgium (1.1K tons)
- Spain (0.6K tons)
This report provides an in-depth analysis of the rice market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 27 - Rice, paddy
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the rice market in the UK.
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In May 2023, the Rice price in the United Kingdom amounted to $1,057 per ton (CIF), showing a 3.4% decrease compared to the previous month.
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Explore the top import markets for rice and discover key statistics and insights. Learn about the countries with the highest import value for rice, including China, the Philippines, Iran, and more.
823
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.
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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.
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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
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Global rice consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
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Global rice exports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
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Global rice imports amounted to X thousand tons in 2015, declining by -X% against the previous year level.
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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.
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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
