Middle East: Paddy Rice Market 2024

Paddy Rice Market Size in the Middle East

The Middle Eastern paddy rice market rose slightly to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, saw a noticeable descent. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Paddy Rice Production in the Middle East

In value terms, paddy rice production rose significantly to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Iran (X tons), Turkey (X tons) and Iraq (X tons), with a combined X% share of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Iraq (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

The average paddy rice yield fell to X tons per ha in 2022, stabilizing at 2021. Overall, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the yield increased by X% against the previous year. Over the period under review, the paddy rice yield reached the peak level at X tons per ha in 2017; however, from 2018 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, the total area harvested in terms of paddy rice production in the Middle East rose slightly to X ha, growing by X% on 2021. In general, the harvested area, however, continues to indicate a slight setback. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2020 to 2022, the growth of the paddy rice harvested area remained at a lower figure.

Paddy Rice Exports

Exports in the Middle East

In 2022, shipments abroad of paddy rice increased by X% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports saw a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, paddy rice exports surged to $X in 2022. In general, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, the United Arab Emirates (X tons) represented the major exporter of paddy rice, mixing up X% of total exports. Turkey (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (X%) and Oman (X%). Israel (X tons) followed a long way behind the leaders.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Israel (X%), Oman (X%), Turkey (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. Oman (X p.p.) and Israel (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest paddy rice supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, dropping by X% against the previous year. Export price indicated a slight increase from 2012 to 2022: its price 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, paddy rice export price decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Paddy Rice Imports

Imports in the Middle East

In 2022, overseas purchases of paddy rice decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, paddy rice imports fell significantly to $X in 2022. Overall, imports showed a deep reduction. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Yemen was the main importing country with an import of about X tons, which amounted to X% of total imports. Turkey (X tons) ranks second in terms of the total imports with a X% share, followed by Saudi Arabia (X%).

Yemen was also the fastest-growing in terms of the paddy rice imports, with a CAGR of X% from 2012 to 2022. Saudi Arabia (X%) and Turkey (X%) illustrated a downward trend over the same period. While the share of Yemen (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Yemen ($X) constitutes the largest market for imported paddy rice in the Middle East, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Yemen totaled X%. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Turkey (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price showed a modest increase. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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