Middle East: Milled Rice Market 2020

Milled Rice Market Size in the Middle East

In 2019, the Middle Eastern milled rice market increased by X% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. The level of consumption peaked at $X in 2014; however, from 2015 to 2019, consumption remained at a lower figure.

Milled Rice Production in the Middle East

In value terms, milled rice production skyrocketed to $X in 2019 estimated in export prices. In general, production enjoyed moderate growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2019, production failed to regain the momentum.

The countries with the highest volumes of milled rice production in 2019 were Iran (X tons), Turkey (X tons) and Iraq (X tons).

From 2007 to 2019, the biggest increases were in Turkey, while milled rice production for the other leaders experienced a decline in the production figures.

In 2019, the average milled rice yield in the Middle East contracted slightly to X tons per ha, therefore, remained relatively stable against the previous year's figure. Over the period under review, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the yield increased by X% y-o-y. As a result, the yield attained the peak level of X tons per ha. From 2017 to 2019, the growth of the milled rice yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of milled rice were harvested in the Middle East; leveling off at 2018 figures. In general, the harvested area recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2007; however, from 2008 to 2019, the harvested area failed to regain the momentum.

Production By Country in the Middle East

The countries with the highest volumes of milled rice production in 2019 were Iran (X tons) and Turkey (X tons), together accounting for X% of total production.

From 2007 to 2019, the biggest increases were in Turkey.

Milled Rice Exports

Exports in the Middle East

In 2019, shipments abroad of milled rice was finally on the rise to reach X tons for the first time since 2016, thus ending a two-year declining trend. In general, exports, however, showed a mild slump. The volume of export peaked at X tons in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure.

In value terms, milled rice exports soared to $X in 2019. Total exports indicated mild growth from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2019, Turkey (X tons) was the main exporter of milled rice, comprising X% of total exports. The United Arab Emirates (X tons) ranks second in terms of the total exports with a X% share, followed by Israel (X%). Saudi Arabia (X tons) and Yemen (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the milled rice exports, with a CAGR of +X% from 2007 to 2019. At the same time, Yemen (+X%) displayed positive paces of growth. By contrast, Saudi Arabia (-X%), the United Arab Emirates (-X%) and Israel (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Turkey and Yemen increased by +X% and +X% percentage points, while Saudi Arabia (-X p.p.), Israel (-X p.p.) and the United Arab Emirates (-X p.p.) saw their share reduced.

In value terms, the largest milled rice supplying countries in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), together comprising X% of total exports.

Turkey saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The milled rice export price in the Middle East stood at $X per ton in 2019, declining by -X% against the previous year. Export price indicated a moderate expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, milled rice export price decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Israel ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the other leaders experienced more modest paces of growth.

Milled Rice Imports

Imports in the Middle East

In 2019, supplies from abroad of milled rice increased by X% to X tons, rising for the second year in a row after four years of decline. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2019, imports remained at a lower figure.

In value terms, milled rice imports expanded notably to $X in 2019. Total imports indicated strong growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. The level of import peaked at $X in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of milled rice imports in 2019 were Iran (X tons), Saudi Arabia (X tons), Iraq (X tons) and the United Arab Emirates (X tons), together accounting for X% of total import. Yemen (X tons) took the next position in the ranking, followed by Turkey (X tons). All these countries together occupied near X% share of total imports. Oman (X tons) followed a long way behind the leaders.

From 2007 to 2019, the biggest increases were in Turkey, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest milled rice importing markets in the Middle East were Iran ($X), Saudi Arabia ($X) and Iraq ($X), with a combined X% share of total imports.

Among the main importing countries, Iran saw the highest growth rate of 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 milled rice import price in the Middle East stood at $X per ton in 2019, increasing by X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the import price increased by X% against the previous year. The level of import peaked in 2019 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Iran ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Iran, while the other leaders experienced more modest paces of growth.

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