Russian Federation: Paddy Rice Market 2024

Paddy Rice Market Size in the Russian Federation

The Russian paddy rice market expanded significantly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Paddy rice consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Paddy Rice Production in the Russian Federation

In value terms, paddy rice production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Paddy rice production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

In 2022, the average yield of paddy rice in Russia amounted to X tons per ha, stabilizing at the year before. In general, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the yield increased by X% against the previous year. The paddy rice yield peaked at X tons per ha in 2020; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The paddy rice harvested area in Russia expanded modestly to X ha in 2022, growing by X% on the previous year's figure. In general, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to paddy rice production attained the maximum at X ha in 2016; however, from 2017 to 2022, the harvested area failed to regain momentum.

Paddy Rice Exports

Exports from the Russian Federation

In 2022, paddy rice exports from Russia declined remarkably to X tons, which is down by X% on 2021. Overall, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, paddy rice exports reduced markedly to $X in 2022. Over the period under review, exports faced a abrupt curtailment. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for paddy rice exports from Russia, with a X% share of total exports. It was followed by Kazakhstan (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey stood at X%.

In value terms, Turkey ($X) remains the key foreign market for paddy rice exports from Russia, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Turkey totaled X%.

Export Prices by Country

In 2022, the average paddy rice export price amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Turkey amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Libya (X%), while the prices for the other major destinations experienced more modest paces of growth.

Paddy Rice Imports

Imports into the Russian Federation

Paddy rice imports into Russia soared to X tons in 2022, with an increase of X% against the year before. In general, imports recorded a significant increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, paddy rice imports reduced to $X in 2022. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of paddy rice to Russia, accounting for a X% share of total imports. Moreover, paddy rice imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Kyrgyzstan (X% per year).

In value terms, Turkey ($X), Italy ($X) and Kyrgyzstan ($X) appeared to be the largest paddy rice suppliers to Russia, together comprising X% of total imports.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average paddy rice import price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price recorded a mild reduction. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined sharply in the following year.

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 Italy ($X per ton), while the price for Kyrgyzstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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