Romania: Milled Rice Market 2020

Milled Rice Market Size in Romania

The revenue of the milled rice market in Romania amounted to $X in 2018, going down by -X% against the previous year. Over the period under review, the total market indicated temperate growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, milled rice consumption decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2008 when the market value increased by X% against the previous year. Milled rice consumption peaked at $X in 2011; however, from 2012 to 2018, consumption stood at a somewhat lower figure.

Milled Rice Production in Romania

In value terms, milled rice production stood at $X in 2018 estimated in export prices. Overall, the total output indicated a strong increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when production volume increased by X% year-to-year. Milled rice production peaked at $X in 2009; however, from 2010 to 2018, production remained at a lower figure.

Average yield of milled rice in Romania stood at X ton per ha in 2018, growing by X% against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when yield increased by X% against the previous year. Milled rice yield peaked at X ton per ha in 2009; however, from 2010 to 2018, yield stood 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 2018, approx. X ha of milled rice were harvested in Romania; leveling off at the previous year. In general, the total harvested area indicated a mild expansion from 2007 to 2018: its figure increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, milled rice harvested area decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. In that year, the milled rice harvested area attained its peak level of X ha. From 2010 to 2018, the growth of the milled rice harvested area failed to regain its momentum.

Milled Rice Exports

Exports from Romania

In 2018, approx. X tons of milled rice were exported from Romania; growing by X% against the previous year. Over the period under review, milled rice exports continue to indicate outstanding growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. In that year, milled rice exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, milled rice exports amounted to $X in 2018. In general, milled rice exports continue to indicate an extraordinary expansion. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, milled rice exports attained their peak figure at $X in 2014; however, from 2015 to 2018, exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for milled rice exports from Romania, accounting for a X% share of total exports. Moreover, milled rice exports to Turkey exceeded the volume sent to the second major destination, Italy (X tons), fourfold. The third position in this ranking was occupied by Moldova (X tons), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Turkey totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Moldova (+X% per year).

In value terms, the largest markets for milled rice exported from Romania were Turkey ($X), Italy ($X) and Moldova ($X), with a combined X% share of total exports. The Czech Republic, Bulgaria, Armenia and Slovakia lagged somewhat behind, together accounting for a further X (+X% per year) experienced the highest rates of growth with regard to market size, in terms of the main countries of destination over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average milled rice export price stood at $X per ton in 2018, declining by -X% against the previous year. Over the period under review, the milled rice export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2017, and then declined slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Italy ($X per ton), while the average price for exports to Turkey ($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 the Czech Republic, while the prices for the other major destinations experienced mixed trend patterns.

Milled Rice Imports

Imports into Romania

In 2018, the milled rice imports into Romania stood at X tons, standing approx. at the previous year. In general, milled rice imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. In that year, milled rice imports attained their peak of X tons. From 2012 to 2018, the growth of milled rice imports remained at a lower figure.

In value terms, milled rice imports amounted to $X in 2018. In general, the total imports indicated a pronounced expansion 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 decreased by -X% against 2014 indices. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. In that year, milled rice imports attained their peak of $X. From 2012 to 2018, the growth of milled rice imports remained at a lower figure.

Imports by Country

In 2018, Bulgaria (X tons) constituted the largest milled rice supplier to Romania, accounting for a X% share of total imports. Moreover, milled rice imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Spain (X tons), eightfold. The third position in this ranking was occupied by Hungary (X tons), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Bulgaria stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Hungary (+X% per year).

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

From 2007 to 2018, the average annual rate of growth in terms of value from Bulgaria amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+X% per year) and Italy (+X% per year).

Import Prices by Country

The average milled rice import price stood at $X per ton in 2018, surging by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. In that year, the average import prices for milled rice reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the average import prices for milled rice remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Pakistan, while the prices for the other major suppliers experienced more modest paces of growth.

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Source: IndexBox Platform