Europe: Rice Market 2024

Rice Market Size in Europe

In 2022, the Europe rice market increased by X% to $X, rising for the sixth consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Rice Production in Europe

In value terms, rice production rose remarkably to $X in 2022 estimated in export price. The total output 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 in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

The countries with the highest volumes of production in 2022 were Italy (X tons), Russia (X tons) and Spain (X tons), with a combined X% share of total production. Greece, the UK, Belgium and Portugal lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average rice yield was estimated at X tons per ha in 2022, remaining relatively unchanged against the previous year's figure. Over the period under review, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the yield increased by X% against the previous year. Over the period under review, the rice yield attained the peak level at X tons per ha in 2019; however, from 2020 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of rice in Europe expanded modestly to X ha, with an increase of X% compared with 2021. Overall, the harvested area, however, saw a relatively flat trend pattern. Over the period under review, the harvested area dedicated to rice production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Rice Exports

Exports in Europe

In 2022, the amount of rice exported in Europe rose notably to X tons, growing by X% against 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, rice exports soared to $X in 2022. Total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Italy (X tons) and Belgium (X tons) were the key exporters of rice in Europe, together creating X% of total exports. The Netherlands (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Spain (X%) and Bulgaria (X%). Greece (X tons), Portugal (X tons), Russia (X tons), Poland (X tons), France (X tons) and Germany (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Portugal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest rice supplying countries in Europe were Italy ($X), Belgium ($X) and the Netherlands ($X), together comprising X% of total exports. Spain, Bulgaria, Portugal, Greece, Germany, Poland, France and Russia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Portugal, with a CAGR of X%, saw the highest growth rate of 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 export price in Europe stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

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

Rice Imports

Imports in Europe

Rice imports surged to X tons in 2022, with an increase of X% against the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, rice imports soared to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), the UK (X tons), France (X tons), the Netherlands (X tons), Germany (X tons), Italy (X tons), Spain (X tons), Russia (X tons), Portugal (X tons), Poland (X tons), Bulgaria (X tons) and the Czech Republic (X tons) represented roughly X% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the UK ($X) and Belgium ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. The Netherlands, Germany, Italy, Spain, Portugal, Russia, Poland, the Czech Republic and Bulgaria lagged somewhat behind, together comprising a further X%.

Bulgaria, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, remaining constant against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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