Turkey: Rice Market Overview 2020

Rice Market Size in Turkey

The market revenue of rice increased by X% in Turkey to $X for the second year in a row after two years of decline. Overall, rice consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the market value increased by X% y-o-y. Rice consumption peaked at $X in 2009; however, from 2010 to 2018, consumption stood at a somewhat lower figure.

Rice Production in Turkey

In value terms, rice production totaled $X in 2018 estimated in export prices. Over the period under review, the total output indicated a prominent expansion 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% against the previous year. Over the period under review, rice production hit record highs at $X in 2009; however, from 2010 to 2018, production remained at a lower figure.

Rice Exports

Exports from Turkey

After four years of growth, the exports of rice decreased by -X% from Turkey to X tonnes in 2018. Overall, rice exports, however, showed a skyrocketing increase. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Exports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, rice exports dropped remarkably to $X in 2018. In general, rice exports, however, enjoyed a skyrocketing expansion. The pace of growth was the most pronounced in 2009 when exports increased by X% year-to-year. Exports peaked at $X in 2010; however, from 2011 to 2018, exports failed to regain their momentum.

Exports by Country

Syrian Arab Republic (X tonnes), Libya (X tonnes) and Iraq (X tonnes) were the main destinations of rice exports from Turkey, with a combined X% share of total exports. These countries were followed by Jordan, Belgium, Benin, Israel, Palestine and Free Zones, which together accounted for a further X 2007 to 2018, the biggest increases were in Benin (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Syrian Arab Republic ($X), Iraq ($X) and Libya ($X) constituted the largest markets for rice exported from Turkey worldwide, together accounting for X% of total exports. These countries were followed by Jordan, Israel, Belgium, Palestine, Benin and Free Zones, which together accounted for a further X the main countries of destination, Benin (+X% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average rice export price stood at $X per tonne in 2018, jumping by X% against the previous year. Overall, the rice export price enjoyed modest growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2009; however, from 2010 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Jordan ($X per tonne), while the average price for exports to Benin ($X per tonne) was amongst the lowest.

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

Rice Imports

Imports into Turkey

After two years of growth, the imports of rice decreased by -X% into Turkey to X tonnes in 2018. Overall, rice imports showed a deep reduction. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, rice imports attained their maximum at X tonnes in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, rice imports fell remarkably to $X in 2018. Over the period under review, rice imports continue to indicate a drastic reduction. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

China (X tonnes), Russia (X tonnes) and Bulgaria (X tonnes) were the main suppliers of rice imports to Turkey, with a combined X% share of total imports.

From 2007 to 2018, the biggest increases were in China (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rice suppliers to Turkey were Egypt ($X), Greece ($X) and China ($X), with a combined X% share of total imports.

In terms of the main suppliers, China (+X% per year) recorded 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 average rice import price stood at $X per tonne in 2018, rising by X% against the previous year. Overall, the rice import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per tonne in 2008; however, from 2009 to 2018, import prices failed to regain their momentum.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Egypt, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform