Turkey: Rice Market Overview 2021

Rice Market Size in Turkey

The Turkish rice market fell to $X in 2020, with a decrease of -X% against the previous year. In general, the total consumption indicated a prominent increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2010 when the market value increased by X% year-to-year. Rice consumption peaked at $X in 2011; however, from 2012 to 2020, consumption failed to regain the momentum.

Rice Production in Turkey

In value terms, rice production amounted to $X in 2020 estimated in export prices. Over the period under review, the total production indicated resilient growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2008 when the production volume increased by X% against the previous year. Rice production peaked at $X in 2011; however, from 2012 to 2020, production remained at a lower figure.

The average yield of rice in Turkey reached X tonnes per ha in 2020, remaining constant against the previous year's figure. The yield figure increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. The rice yield peaked at X tonnes per ha in 2011; however, from 2012 to 2020, 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 2020, the rice harvested area in Turkey expanded to X ha, increasing by X% against 2019 figures. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 when the harvested area increased by X% year-to-year. The rice harvested area peaked in 2020 and is expected to retain growth in the near future.

Rice Exports

Exports from Turkey

In 2020, shipments abroad of rice was finally on the rise to reach X tonnes after two years of decline. Over the period under review, exports continue to indicate significant growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, rice exports skyrocketed to $X in 2020. In general, exports continue to indicate significant growth. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Syrian Arab Republic (X tonnes), Iraq (X tonnes) and Libya (X tonnes) were the main destinations of rice exports from Turkey, together comprising X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Libya (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Syrian Arab Republic ($X) and Libya ($X) appeared to be the largest markets for rice exported from Turkey worldwide, together comprising X% of total exports. Israel, Ukraine, Lebanon, Sudan, Belgium, Morocco and Azerbaijan lagged somewhat behind, together comprising a further X (+X% per year) recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average rice export price amounted to $X per tonne, shrinking by -X% against the previous year. In general, the export price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The export price peaked at $X per tonne in 2009; however, from 2010 to 2020, export prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine, while the prices for the other major destinations experienced a decline.

Rice Imports

Imports into Turkey

In 2020, purchases abroad of rice increased by X% to X tonnes, rising for the second year in a row after three years of decline. Over the period under review, imports showed a resilient increase. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Imports peaked in 2020 and are likely to continue growth in years to come.

In value terms, rice imports soared to $X in 2020. Overall, imports showed a strong increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2020 and are expected to retain growth in the near future.

Imports by Country

In 2020, China (X tonnes) constituted the largest rice supplier to Turkey, with a X% share of total imports. Moreover, rice imports from China exceeded the figures recorded by the second-largest supplier, Greece (X tonnes), threefold. Russia (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+X% per year) and Russia (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+X% per year) and Italy (+X% per year).

Import Prices by Country

In 2020, the average rice import price amounted to $X per tonne, picking up by X% against the previous year. Overall, the import price, however, recorded a mild curtailment. The growth pace was the most rapid in 2013 an increase of X% year-to-year. Over the period under review, average import prices reached the maximum at $X per tonne in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per tonne), while the price for Brazil ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Greece, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rice in the world?

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The countries with the highest volumes of rice consumption in 2020 were China (212M tonnes), India (166M tonnes) and Bangladesh (57M tonnes), with a combined 57% share of global consumption.

What are the largest producers of rice in the world?

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The countries with the highest volumes of rice production in 2020 were China (212M tonnes), India (181M tonnes) and Bangladesh (56M tonnes), together accounting for 58% of global production.

What are the leading suppliers of rice to Turkey?

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In value terms, China ($76M) constituted the largest supplier of rice to Turkey, comprising 26% of total imports. The second position in the ranking was occupied by Greece ($31M), with a 11% share of total imports. It was followed by Italy, with a 10% share.

What are the leading importers of rice from Turkey?

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In value terms, Iraq ($37M), Syrian Arab Republic ($27M) and Libya ($9.3M) were the largest markets for rice exported from Turkey worldwide, together accounting for 61% of total exports. Israel, Ukraine, Lebanon, Sudan, Belgium, Morocco and Azerbaijan lagged somewhat behind, together comprising a further 25%.

What is the average export price for rice in Turkey?

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In 2020, the average rice export price amounted to $555 per tonne, declining by -23.6% against the previous year.

What is the average import price for rice in Turkey?

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The average rice import price stood at $494 per tonne in 2020, rising by 5% against the previous year.