Middle East: Milled Rice Market 2020

Milled Rice Exports

Exports in the Middle East

The exports totaled X tons in 2018, coming down by -X% against the previous year. In general, milled rice exports continue to indicate a deep drop. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, milled rice exports reached their maximum at X tons in 2010; however, from 2011 to 2018, exports remained at a lower figure.

In value terms, milled rice exports stood at $X in 2018. In general, milled rice exports continue to indicate a drastic slump. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. In that year, milled rice exports attained their peak of $X. From 2009 to 2018, the growth of milled rice exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the main exporter of semi-milled or wholly milled (bleached) rice exported in the Middle East, with the volume of exports recording X tons, which was near X% of total exports in 2018. It was distantly followed by Turkey (X tons) and Saudi Arabia (X tons), together achieving a X% share of total exports. Kuwait (X tons) followed a long way behind the leaders.

Exports from the United Arab Emirates decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Turkey (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +X% from 2007-2018. By contrast, Kuwait (-X%) and Saudi Arabia (-X%) illustrated a downward trend over the same period. Turkey (+X p.p.) significantly strengthened its position in terms of the total exports, while Kuwait, Saudi Arabia and the United Arab Emirates saw its share reduced by -X%, -X% and -X% from 2007 to 2018, respectively.

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

In the United Arab Emirates, milled rice exports contracted by an average annual rate of -X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+X% per year) and Saudi Arabia (-X% per year).

Export Prices by Country

The milled rice export price in the Middle East stood at $X per ton in 2018, surging by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. In that year, the export prices for semi-milled or wholly milled (bleached) rice attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the export prices for semi-milled or wholly milled (bleached) rice remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in the United Arab Emirates ($X per ton) and Saudi Arabia ($X per ton), while Turkey ($X per ton) and Kuwait ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

Milled Rice Imports

Imports in the Middle East

The imports totaled X tons in 2018, growing by X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. Over the period under review, milled rice imports attained their peak figure at X tons in 2014; however, from 2015 to 2018, imports remained at a lower figure.

In value terms, milled rice imports totaled $X in 2018. The total imports indicated a remarkable 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 was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, milled rice imports attained their maximum at $X in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The imports of the four major importers of semi-milled or wholly milled (bleached) rice, namely Iran, Saudi Arabia, Iraq and the United Arab Emirates, represented more than two-thirds of total import. Yemen (X tons) ranks next in terms of the total imports with a X% share, followed by Kuwait (X%). Oman (X tons) and Qatar (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Kuwait, while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Iran ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports.

Iran recorded the highest growth rate of market size, in terms of the main importing countries over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

The milled rice import price in the Middle East stood at $X per ton in 2018, picking up by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the import price increased by X% year-to-year. Over the period under review, the import prices for semi-milled or wholly milled (bleached) rice reached their peak figure at $X per ton in 2009; however, from 2010 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Saudi Arabia ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Iran, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform