EU: Paddy Rice Market 2024

Paddy Rice Market Size in the EU

The EU paddy rice market reduced modestly to $X in 2022, leveling off at the previous year. In general, consumption, however, saw a mild decline. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Paddy Rice Production in the EU

In value terms, paddy rice production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a slight contraction. The pace of growth appeared the most rapid in 2019 with an increase of 15%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Italy (X tons) constituted the country with the largest volume of paddy rice production, comprising approx. 54% of total volume. Moreover, paddy rice production in Italy exceeded the figures recorded by the second-largest producer, Spain (X tons), twofold. The third position in this ranking was taken by Greece (X tons), with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume in Italy was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Spain (-2.8% per year) and Greece (+1.4% per year).

The average paddy rice yield expanded slightly to X tons per ha in 2022, increasing by 2% against the year before. In general, the yield, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 4.5% against the previous year. The level of yield peaked 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 harvested area of paddy rice in the European Union rose to X ha, picking up by 2.3% on the previous year. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Paddy Rice Exports

Exports in the EU

In 2022, shipments abroad of paddy rice decreased by -13.5% to X tons, falling for the second year in a row after three years of growth. In general, exports saw a slight curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 38%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, paddy rice exports expanded slightly to $X in 2022. Total exports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -17.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 37%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Greece (X tons), Bulgaria (X tons) and Spain (X tons) represented roughly 69% of total exports in 2022. It was distantly followed by Italy (X tons), France (X tons) and Romania (X tons), together committing a 22% share of total exports. The Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +6.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Greece ($X), Bulgaria ($X) and Italy ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 59% of total exports.

In terms of the main exporting countries, Bulgaria, with a CAGR of +7.7%, 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 the European Union stood at $X per ton in 2022, jumping by 20% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.3%), while the other leaders experienced more modest paces of growth.

Paddy Rice Imports

Imports in the EU

After three years of growth, overseas purchases of paddy rice decreased by -5.5% to X tons in 2022. Overall, imports, however, recorded a slight expansion. The growth pace was the most rapid in 2015 with an increase of 76% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, paddy rice imports expanded remarkably to $X in 2022. Total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +39.8% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of 38%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The countries with the highest levels of paddy rice imports in 2022 were Italy (X tons), Portugal (X tons) and France (X tons), together accounting for 65% of total import. Belgium (X tons) ranks next in terms of the total imports with a 5.4% share, followed by Bulgaria (5.3%), the Netherlands (4.9%) and Romania (4.8%). Germany (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Romania (with a CAGR of +10.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest paddy rice importing markets in the European Union were Italy ($X), Portugal ($X) and France ($X), together comprising 62% of total imports. Germany, Romania, the Netherlands, Bulgaria and Belgium lagged somewhat behind, together comprising a further 23%.

In terms of the main importing countries, Romania, with a CAGR of +9.8%, saw the highest rates of growth with regard to 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

In 2022, the import price in the European Union amounted to $X per ton, picking up by 20% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 25%. Over the period under review, import prices hit record highs 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 ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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