EU: Paddy Rice Market 2024

Paddy Rice Market Size in the EU

The EU paddy rice market declined slightly to $X in 2022, standing approx. at the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Paddy Rice Production in the EU

In value terms, paddy rice production shrank to $X in 2022 estimated in export price. In general, production, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Italy (X tons) remains the largest paddy rice producing country in the European Union, comprising approx. X% of total volume. Moreover, paddy rice production in Italy exceeded the figures recorded by the second-largest producer, Spain (X tons), twofold. Greece (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Italy was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Spain (X% per year) and Greece (X% per year).

The average paddy rice yield rose modestly to X tons per ha in 2022, surging by X% compared with the previous year's figure. Over the period under review, the yield, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X%. The level of yield peaked at X tons per ha in 2017; however, from 2018 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of paddy rice production in the European Union expanded modestly to X ha, surging by X% against the previous year's figure. Overall, the harvested area, however, recorded a relatively flat trend pattern. Over the period under review, the harvested area dedicated to paddy rice production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Paddy Rice Exports

Exports in the EU

In 2022, overseas shipments of paddy rice decreased by X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports continue to indicate a mild slump. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, paddy rice exports rose to $X in 2022. Total exports indicated modest growth from 2012 to 2022: its value 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, exports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Greece (X tons), Bulgaria (X tons) and Spain (X tons), together resulting at X% of total export. Italy (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by France (X%) and the Netherlands (X%). Romania (X tons) took a little share of total exports.

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

In value terms, the largest paddy rice supplying countries in the European Union were Greece ($X), Bulgaria ($X) and Italy ($X), together comprising X% of total exports.

Bulgaria, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

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

Paddy Rice Imports

Imports in the EU

In 2022, after three years of growth, there was significant decline in supplies from abroad of paddy rice, when their volume decreased by X% to X tons. In general, imports, however, enjoyed a modest increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, paddy rice imports rose markedly to $X in 2022. Total imports indicated moderate growth from 2012 to 2022: its value 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, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2016 when imports increased by X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of paddy rice, namely Italy, Portugal and France, represented more than half of total import. Belgium (X tons) took the next position in the ranking, followed by Bulgaria (X tons), Romania (X tons) and the Netherlands (X tons). All these countries together took near X% share of total imports.

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

In value terms, the largest paddy rice importing markets in the European Union were Italy ($X), Portugal ($X) and France ($X), together comprising X% of total imports. Romania, the Netherlands, Bulgaria and Belgium lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Romania, 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 the European Union stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :