Eastern Europe: Paddy Rice Market 2024

Paddy Rice Market Size in Eastern Europe

The East European paddy rice market expanded sharply to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Paddy Rice Production in Eastern Europe

In value terms, paddy rice production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

The country with the largest volume of paddy rice production was Russia (X tons), accounting for X% of total volume. Moreover, paddy rice production in Russia exceeded the figures recorded by the second-largest producer, Bulgaria (X tons), more than tenfold. The third position in this ranking was held by Ukraine (X tons), with a X% share.

In Russia, paddy rice production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Bulgaria (X% per year) and Ukraine (X% per year).

In 2022, the average yield of paddy rice in Eastern Europe amounted to X tons per ha, leveling off at 2021 figures. Over the period under review, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the paddy rice yield reached the peak level at X tons per ha in 2019; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of paddy rice were harvested in Eastern Europe; increasing by X% compared with 2021. In general, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Paddy Rice Exports

Exports in Eastern Europe

In 2022, approx. X tons of paddy rice were exported in Eastern Europe; with a decrease of X% against 2021 figures. Over the period under review, exports recorded a abrupt slump. The growth pace was the most rapid in 2019 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, paddy rice exports contracted notably to $X in 2022. In general, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Bulgaria (X tons) was the major exporter of paddy rice, achieving X% of total exports. Russia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Romania (X%). Hungary (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to paddy rice exports from Bulgaria stood at X%. At the same time, Hungary (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Romania (X%) and Russia (X%) illustrated a downward trend over the same period. Bulgaria (X p.p.) and Hungary (X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bulgaria ($X) emerged as the largest paddy rice supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Bulgaria amounted to X%. In the other countries, the average annual rates were as follows: Russia (X% per year) and Romania (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, growing by X% against the previous year. Export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paddy rice export price increased by X% against 2016 indices. The growth pace was the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced more modest paces of growth.

Paddy Rice Imports

Imports in Eastern Europe

In 2022, the amount of paddy rice imported in Eastern Europe soared to X tons, with an increase of X% compared with 2021. Overall, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, paddy rice imports skyrocketed to $X in 2022. Over the period under review, imports recorded a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Bulgaria (X tons) and Romania (X tons) represented roughly X% of total imports in 2022. Poland (X tons) held the next position in the ranking, followed by Ukraine (X tons). All these countries together held approx. X% share of total imports. Hungary (X tons), the Czech Republic (X tons) and Russia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Bulgaria ($X) and Poland ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Ukraine, Hungary, the Czech Republic and Russia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Ukraine, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, continues to indicate a slight setback. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :