Saudi Arabia: Milled Rice Market 2020

Milled Rice Exports

Exports from Saudi Arabia

In 2018, the amount of semi-milled or wholly milled (bleached) rice exported from Saudi Arabia totaled X tons, rising by X% against the previous year. Overall, milled rice exports, however, continue to indicate an abrupt decline. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Exports peaked at X tons in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, milled rice exports amounted to $X in 2018. Over the period under review, milled rice exports, however, continue to indicate a noticeable drop. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Over the period under review, milled rice exports reached their peak figure at $X in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

Yemen (X tons) was the main destination for milled rice exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, milled rice exports to Yemen exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. Bahrain (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Yemen totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-X% per year) and Bahrain (+X% per year).

In value terms, Yemen ($X) remains the key foreign market for milled rice exports from Saudi Arabia, comprising X% of total milled rice exports. The second position in the ranking was occupied by Kuwait ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Yemen amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-X% per year) and the United Arab Emirates (+X% per year).

Export Prices by Country

The average milled rice export price stood at $X per ton in 2018, stabilizing at the previous year. Over the period under review, the export price indicated a remarkable expansion from 2007 to 2018: its price 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 export price decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% against the previous year. Over the period under review, the average export prices for semi-milled or wholly milled (bleached) rice attained their maximum at $X per ton in 2013; however, from 2014 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 Kuwait ($X per ton), while the average price for exports to Burkina Faso ($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 India, while the prices for the other major destinations experienced more modest paces of growth.

Milled Rice Imports

Imports into Saudi Arabia

In 2018, the milled rice imports into Saudi Arabia stood at X tons, rising by X% against the previous year. Over the period under review, milled rice imports continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, milled rice imports reached their maximum at X tons in 2014; however, from 2015 to 2018, imports remained at a lower figure.

In value terms, milled rice imports amounted to $X in 2018. Over the period under review, the total imports indicated a resilient expansion 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 imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Imports peaked at $X in 2014; however, from 2015 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, India (X tons) constituted the largest supplier of milled rice to Saudi Arabia, accounting for a X% share of total imports. Moreover, milled rice imports from India exceeded the figures recorded by the second-largest supplier, the U.S. (X tons), sevenfold. The third position in this ranking was occupied by Pakistan (X tons), with a X% share.

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

In value terms, India ($X) constituted the largest supplier of milled rice to Saudi Arabia, comprising X% of total milled rice imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

From 2007 to 2018, the average annual growth rate of value from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Pakistan (+X% per year).

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 was the most pronounced in 2009 when the average import price increased by X% year-to-year. In that year, the average import prices for semi-milled or wholly milled (bleached) rice reached their peak level of $X per ton. From 2010 to 2018, the growth in terms of the average import prices for semi-milled or wholly milled (bleached) rice remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Australia ($X per ton), while the price for the U.S. ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform