Belgium: Milled Rice Market 2020

Milled Rice Market Size in Belgium

The revenue of the milled rice market in Belgium amounted to $X in 2018, growing by X% against the previous year. In general, the total market indicated remarkable growth 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. Based on 2018 figures, milled rice consumption increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Milled rice consumption peaked at $X in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Milled Rice Production in Belgium

In value terms, milled rice production amounted to $X in 2018 estimated in export prices. Over the period under review, milled rice production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, milled rice production attained its maximum level at $X in 2014; however, from 2015 to 2018, production stood at a somewhat lower figure.

Average yield of milled rice in Belgium totaled X kg per ha in 2018, leveling off at the previous year. Over the period under review, the milled rice yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of milled rice production in Belgium stood at X ha, remaining relatively unchanged against the previous year. Overall, the milled rice harvested area continues to indicate a relatively flat trend pattern.

Milled Rice Exports

Exports from Belgium

In 2018, approx. X tons of milled rice were exported from Belgium; rising by X% against the previous year. The total export volume increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, milled rice exports attained their peak figure in 2018 and are likely to see steady growth in the near future.

In value terms, milled rice exports amounted to $X in 2018. The total export value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. In that year, milled rice exports reached their peak of $X. From 2014 to 2018, the growth of milled rice exports remained at a lower figure.

Exports by Country

France (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of milled rice exports from Belgium, with a combined X% share of total exports. These countries were followed by the UK, Sweden, the Czech Republic and Switzerland, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by the Czech Republic, while exports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest markets for milled rice exported from Belgium worldwide, with a combined X% share of total exports. These countries were followed by the UK, Sweden, Switzerland and the Czech Republic, which together accounted for a further X Czech Republic experienced the highest growth rate of market size, among the main countries of destination over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average milled rice export price stood at $X per ton in 2018, surging by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Sweden ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced a decline.

Milled Rice Imports

Imports into Belgium

In 2018, the amount of milled rice imported into Belgium totaled X tons, increasing by X% against the previous year. Over the period under review, the total imports indicated a resilient expansion from 2007 to 2018: its volume 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. Based on 2018 figures, milled rice imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, milled rice imports totaled $X in 2018. Over the period under review, the total imports indicated a resilient increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, milled rice imports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Imports peaked at $X in 2013; however, from 2014 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Myanmar (X tons) constituted the largest supplier of milled rice to Belgium, accounting for a X% share of total imports. Moreover, milled rice imports from Myanmar exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. India (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Myanmar stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and India (+X% per year).

In value terms, Myanmar ($X), India ($X) and Spain ($X) appeared to be the largest milled rice suppliers to Belgium, with a combined X% share of total imports.

In terms of the main suppliers, Myanmar recorded the highest growth rate of market size, over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average milled rice import price stood at $X per ton in 2018, rising by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. In that year, the average import prices for milled rice reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the average import prices for milled rice remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Pakistan ($X per ton), while the price for Kazakhstan ($X per ton) 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 more modest paces of growth.

Source: IndexBox Platform