Ireland: Milled Rice Market 2020

Milled Rice Market Size in Ireland

The revenue of the milled rice market in Ireland amounted to $X in 2018, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total market indicated resilient growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, milled rice consumption increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2008 when the market value increased by X% y-o-y. Milled rice consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Milled Rice Exports

Exports from Ireland

In 2018, approx. X tons of milled rice were exported from Ireland; jumping by X% against the previous year. In general, milled rice exports, however, continue to indicate an abrupt descent. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, milled rice exports attained their peak figure at X tons in 2011; however, from 2012 to 2018, exports remained at a lower figure.

In value terms, milled rice exports amounted to $X in 2018. In general, milled rice exports, however, continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Exports peaked at $X in 2011; however, from 2012 to 2018, exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for milled rice exports from Ireland, accounting for a X% share of total exports. Moreover, milled rice exports to Spain exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was occupied by the UK (X tons), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Spain stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-X% per year) and the UK (-X% per year).

In value terms, Spain ($X), the UK ($X) and the Netherlands ($X) were the largest markets for milled rice exported from Ireland worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Spain recorded the highest growth rate of market size, over the period under review, while exports for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average milled rice export price stood at $X per ton in 2018, approximately reflecting the previous year. Overall, the export price indicated notable growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, milled rice export price decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2011; however, from 2012 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was the UK ($X per ton), while the average price for exports to Burundi ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Uganda, while the prices for the other major destinations experienced more modest paces of growth.

Milled Rice Imports

Imports into Ireland

In 2018, the milled rice imports into Ireland amounted to X tons, rising by X% against the previous year. Overall, the total imports indicated a resilient expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. Over the period under review, milled rice imports attained their peak figure in 2018 and are likely to continue its growth in the near future.

In value terms, milled rice imports stood at $X in 2018. In general, the total imports indicated prominent growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, milled rice imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. Over the period under review, milled rice imports attained their peak figure in 2018 and are likely to see steady growth in the near future.

Imports by Country

The UK (X tons), Pakistan (X tons) and the Netherlands (X tons) were the main suppliers of milled rice imports to Ireland, with a combined X% share of total imports. These countries were followed by Spain, Belgium, Italy, Thailand and India, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by India, while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of milled rice to Ireland, comprising X% of total milled rice imports. The second position in the ranking was occupied by Pakistan ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2007 to 2018, the average annual growth rate of value from the UK totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2018, the average milled rice import price amounted to $X per ton, growing by X% against the previous year. In general, the milled rice import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by X% year-to-year. Over the period under review, the average import prices for milled rice attained their maximum in 2018 and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was the UK ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform