Spain - Rice - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpain: Rice Market 2024
Rice Market Size in Spain
The Spanish rice market surged to $X in 2021, with an increase of 35% against the previous year. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
Rice Production in Spain
In value terms, rice production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.
In 2021, the average yield of rice in Spain totaled X tons per ha, remaining constant against the previous year. Overall, the yield, however, showed a mild decline. The most prominent rate of growth was recorded in 2017 when the yield increased by 1.5% against the previous year. Over the period under review, the average rice yield attained the peak level at X tons per ha in 2012; however, from 2013 to 2021, the yield failed to regain momentum. 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 Spain reduced rapidly to X ha, waning by -17% compared with the year before. Overall, the harvested area saw a perceptible downturn. The most prominent rate of growth was recorded in 2016 when the harvested area decreased by less than 0.1%. The rice harvested area peaked at X ha in 2012; however, from 2013 to 2021, the harvested area remained at a lower figure.
Rice Exports
Exports from Spain
After three years of growth, overseas shipments of rice decreased by -22.2% to X tons in 2021. In general, exports saw a noticeable descent. The pace of growth appeared the most rapid in 2020 with an increase of 5.7%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.
In value terms, rice exports fell to $X in 2021. Over the period under review, exports continue to indicate a slight setback. The pace of growth appeared the most rapid in 2018 when exports increased by 11%. The exports peaked at $X in 2020, and then declined in the following year.
Exports by Country
Belgium (X tons), the UK (X tons) and Portugal (X tons) were the main destinations of rice exports from Spain, together accounting for 62% of total exports. France, the Netherlands, Germany, the United States, Finland and Poland lagged somewhat behind, together comprising a further 28%.
From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +17.1%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for rice exported from Spain were Belgium ($X), the UK ($X) and France ($X), together accounting for 54% of total exports. Portugal, the United States, the Netherlands, Germany, Finland and Poland lagged somewhat behind, together comprising a further 35%.
In terms of the main countries of destination, Poland, with a CAGR of +18.0%, 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 average rice export price stood at $X per ton in 2021, growing by 10% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Portugal ($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 the United States (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Rice Imports
Imports into Spain
In 2021, imports of rice into Spain surged to X tons, increasing by 32% compared with 2020. Over the period under review, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 42% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.
In value terms, rice imports surged to $X in 2021. In general, imports recorded a strong expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 38% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.
Imports by Country
Argentina (X tons), Myanmar (X tons) and Guyana (X tons) were the main suppliers of rice imports to Spain, together comprising 43% of total imports. These countries were followed by Pakistan, Greece, Italy, Portugal, Bulgaria, Paraguay, Cambodia, Thailand, India and France, which together accounted for a further 50%.
From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +717.1%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Pakistan ($X), Argentina ($X) and Myanmar ($X) were the largest rice suppliers to Spain, with a combined 40% share of total imports. These countries were followed by Italy, Guyana, Thailand, Cambodia, Portugal, India, Greece, Paraguay, Bulgaria and France, which together accounted for a further 51%.
In terms of the main suppliers, Bulgaria, with a CAGR of +586.5%, 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
The average rice import price stood at $X per ton in 2021, approximately equating the previous year. Over the period under review, the import price saw a mild downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 19% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Bulgaria ($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 (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the rice market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 27 - Rice, paddy
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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