Greece: Rice Market 2025

Rice Market Size in Greece

In 2021, after three years of growth, there was significant decline in the Greek rice market, when its value decreased by -35.4% to $X. Overall, consumption showed a relatively flat trend pattern. Rice consumption peaked at $X in 2020, and then declined notably in the following year.

Rice Production in Greece

In value terms, rice production shrank remarkably to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 18% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then fell sharply in the following year.

The average yield of rice in Greece shrank to X tons per ha in 2021, with a decrease of -13% compared with the year before. In general, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 12%. Over the period under review, the average rice yield reached the maximum level at X tons per ha in 2015; however, from 2016 to 2021, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of rice production in Greece declined slightly to X ha, reducing by -3.3% compared with the year before. The harvested area increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when the harvested area increased by 21% against the previous year. As a result, the harvested area attained the peak level of X ha, and then contracted in the following year.

Rice Exports

Exports from Greece

In 2021, overseas shipments of rice increased by 1.6% to X tons, rising for the second year in a row after two years of decline. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 32%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, rice exports rose significantly to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 26%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Bulgaria (X tons), Spain (X tons) and Belgium (X tons) were the main destinations of rice exports from Greece, with a combined 42% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +23.3%), while the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Poland ($X) and Spain ($X) were the largest markets for rice exported from Greece worldwide, together accounting for 34% of total exports.

In terms of the main countries of destination, Bulgaria, with a CAGR of +18.6%, recorded 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

In 2021, the average rice export price amounted to $X per ton, picking up by 6.5% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 13% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Rice Imports

Imports into Greece

In 2021, after four years of growth, there was significant decline in purchases abroad of rice, when their volume decreased by -41.5% to X tons. Overall, total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by 52% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020, and then reduced remarkably in the following year.

In value terms, rice imports dropped notably to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then shrank significantly in the following year.

Imports by Country

Pakistan (X tons), Italy (X tons) and India (X tons) were the main suppliers of rice imports to Greece, with a combined 56% share of total imports. Belgium, Paraguay, Bangladesh, Bulgaria, Cambodia, Spain, Thailand, the Netherlands, Guyana and Germany lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Guyana (with a CAGR of +151.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X), Italy ($X) and Belgium ($X) were the largest rice suppliers to Greece, together accounting for 57% of total imports. These countries were followed by India, Germany, the Netherlands, Bangladesh, Thailand, Paraguay, Cambodia, Spain, Bulgaria and Guyana, which together accounted for a further 34%.

In terms of the main suppliers, Guyana, with a CAGR of +188.8%, recorded 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

The average rice import price stood at $X per ton in 2021, surging by 27% against the previous year. Overall, the import price, however, continues to indicate a mild downturn. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guyana (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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