Spain: Paddy Rice Market 2024

Paddy Rice Market Size in Spain

The Spanish paddy rice market contracted slightly to $X in 2022, waning by X% against the previous year. In general, consumption, however, showed a noticeable descent. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Paddy Rice Production in Spain

In value terms, paddy rice production dropped modestly to $X in 2022 estimated in export price. In general, production, however, showed a perceptible descent. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of paddy rice in Spain reduced modestly to X tons per ha, remaining relatively unchanged against 2021 figures. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. The paddy rice yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of paddy rice were harvested in Spain; increasing by X% against 2021 figures. In general, the harvested area, however, saw a mild decrease. Over the period under review, the harvested area dedicated to paddy rice production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

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Paddy Rice Exports

Exports from Spain

In 2022, approx. X tons of paddy rice were exported from Spain; growing by X% on 2021 figures. In general, exports, however, showed a mild descent. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, paddy rice exports skyrocketed to $X in 2022. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X tons) was the main destination for paddy rice exports from Spain, with a X% share of total exports. Moreover, paddy rice exports to Portugal exceeded the volume sent to the second major destination, Italy (X tons), more than tenfold. Morocco (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Portugal amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Morocco (X% per year).

In value terms, Portugal ($X) remains the key foreign market for paddy rice exports from Spain, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with an X% share of total exports. It was followed by Morocco, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Portugal stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Morocco (X% per year).

Export Prices by Country

The average paddy rice export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Portugal ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Paddy Rice Imports

Imports into Spain

After two years of growth, purchases abroad of paddy rice decreased by X% to X tons in 2022. Over the period under review, imports recorded a noticeable slump. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, paddy rice imports fell significantly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at $X in 2021, and then contracted significantly in the following year.

Imports by Country

Portugal (X tons), Italy (X tons) and France (X tons) were the main suppliers of paddy rice imports to Spain, together accounting for X% of total imports. The United States and Thailand lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), Portugal ($X) and the United States ($X) appeared to be the largest paddy rice suppliers to Spain, together comprising X% of total imports.

Among the main suppliers, the United States, with a CAGR of X%, saw the highest rates of growth with regard to 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 average paddy rice import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price showed a buoyant increase. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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