Turkey: Broken Rice Market 2020

Broken Rice Exports

Exports from Turkey

Broken rice exports from Turkey amounted to X tons in 2018, jumping by X% against the previous year. Overall, broken rice exports continue to indicate extraordinary growth. The growth pace was the most rapid in 2008 when exports increased by X% against the previous year. Over the period under review, broken rice exports reached their maximum at X tons in 2012; however, from 2013 to 2018, exports remained at a lower figure.

In value terms, broken rice exports stood at $X in 2018. Overall, broken rice exports continue to indicate extraordinary growth. The pace of growth appeared the most rapid in 2008 when exports increased by X% year-to-year. Exports peaked in 2018 and are likely to continue its growth in the near future.

Exports by Country

Belgium (X tons) was the main destination for broken rice exports from Turkey, accounting for a X% share of total exports. Moreover, broken rice exports to Belgium exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was occupied by Gambia (X tons), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Belgium stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Gambia (+X% per year).

In value terms, Belgium ($X) emerged as the key foreign market for broken rice exports from Turkey, comprising X% of total broken rice exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Belgium stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Kazakhstan (+X% per year).

Export Prices by Country

The average broken rice export price stood at $X per ton in 2018, stabilizing at the previous year. Over the period under review, the broken rice export price continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2009; however, from 2010 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 Kazakhstan ($X per ton), while the average price for exports to the Netherlands ($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 the Czech Republic, while the prices for the other major destinations experienced more modest paces of growth.

Broken Rice Imports

Imports into Turkey

In 2018, the amount of broken rice imported into Turkey amounted to X tons, waning by -X% against the previous year. Overall, broken rice imports continue to indicate a deep shrinkage. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Imports peaked at X tons in 2010; however, from 2011 to 2018, imports stood at a somewhat lower figure.

In value terms, broken rice imports totaled $X in 2018. Over the period under review, broken rice imports continue to indicate modest growth. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, broken rice imports attained their peak figure at $X in 2010; however, from 2011 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Egypt (X tons) constituted the largest supplier of broken rice to Turkey, with a X% share of total imports. Moreover, broken rice imports from Egypt exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), twofold. The third position in this ranking was occupied by Myanmar (X tons), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Egypt amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (-X% per year) and Myanmar (-X% per year).

In value terms, Pakistan ($X), Egypt ($X) and Myanmar ($X) were the largest broken rice suppliers to Turkey, together accounting for X% of total imports.

Egypt experienced the highest rates of growth with regard to imports, in terms of the main suppliers over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average broken rice import price amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, the import price indicated resilient growth 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, broken rice import price decreased by -X% against 2016 indices. The growth pace was the most rapid in 2008 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2012; however, from 2013 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Pakistan ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform