Iran: Rice Market 2024

Rice Market Size in Iran

In 2022, the Iranian rice market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a noticeable reduction. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Rice Production in Iran

In value terms, rice production dropped to $X in 2022 estimated in export price. Overall, production saw a noticeable increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The average yield of rice in Iran reached X tons per ha in 2022, therefore, remained relatively stable against the previous year's figure. Over the period under review, the yield, however, showed a mild setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The rice 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 rice production in Iran rose sharply to X ha, surging by X% on 2021 figures. Overall, the harvested area, however, continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2019 when the harvested area increased by X%. The rice harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area failed to regain momentum.

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Rice Exports

Exports from Iran

In 2022, rice exports from Iran soared to X tons, rising by X% against 2021 figures. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, rice exports expanded slightly to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for rice exports from Iran, accounting for a X% share of total exports. Moreover, rice exports to Turkey exceeded the volume sent to the second major destination, Canada (X tons), ninefold. The third position in this ranking was taken by Australia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Australia (X% per year).

In value terms, the largest markets for rice exported from Iran were Turkey ($X), Canada ($X) and Australia ($X), with a combined X% share of total exports. Germany, Switzerland, Kuwait, the United Arab Emirates and Armenia lagged somewhat behind, together comprising a further X%.

Kuwait, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average rice export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2014 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 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 Germany ($X per ton), while the average price for exports to Turkey ($X 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 Armenia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Rice Imports

Imports into Iran

In 2022, after two years of decline, there was significant growth in supplies from abroad of rice, when their volume increased by X% to X tons. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, rice imports soared to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main rice supplier to Iran, with a X% share of total imports. It was followed by India (X tons), with less than X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Pakistan (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of rice to Iran, comprising X% of total imports. The second position in the ranking was taken by India ($X), with less than X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Pakistan (X% per year).

Import Prices by Country

The average rice import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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