Turkey: Milled Rice Market 2020

Milled Rice Market Size in Turkey

The revenue of the milled rice market in Turkey amounted to $X in 2018, surging by X% against the previous year. Overall, milled rice consumption continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2008 when the market value increased by X% y-o-y. Milled rice consumption peaked in 2018 and is expected to retain its growth in the near future.

Milled Rice Production in Turkey

In value terms, milled rice production totaled $X in 2018 estimated in export prices. Over the period under review, milled rice production continues to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2010 when production volume increased by X% against the previous year. Over the period under review, milled rice production attained its maximum level in 2018 and is likely to continue its growth in the near future.

In 2018, the average milled rice yield in Turkey totaled X ton per ha, rising by X% against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Milled rice yield peaked at X ton per ha in 2011; however, from 2012 to 2018, 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.

Milled rice harvested area in Turkey totaled X ha in 2018, picking up by X% against the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. In that year, the milled rice harvested area reached its peak level of X ha. From 2013 to 2018, the growth of the milled rice harvested area remained at a lower figure.

Milled Rice Exports

Exports from Turkey

In 2018, approx. X tons of milled rice were exported from Turkey; shrinking by -X% against the previous year. In general, milled rice exports, however, continue to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. Over the period under review, milled rice exports attained their maximum at X tons in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

In value terms, milled rice exports amounted to $X in 2018. Overall, milled rice exports, however, continue to indicate an extraordinary increase. The pace of growth appeared the most rapid in 2009 when exports increased by X% year-to-year. Over the period under review, milled rice exports attained their peak figure at $X in 2010; however, from 2011 to 2018, exports failed to regain their momentum.

Exports by Country

Syrian Arab Republic (X tons), Libya (X tons) and Iraq (X tons) were the main destinations of milled rice exports from Turkey, together comprising X% of total exports. Sudan, Belgium, Jordan, Israel, Benin, the Netherlands, Germany, Palestine and Gambia lagged somewhat behind, together accounting for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Benin (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for milled rice exported from Turkey were Syrian Arab Republic ($X), Iraq ($X) and Libya ($X), together comprising X% of total exports. Sudan, Jordan, Belgium, Israel, Germany, Palestine, Benin, the Netherlands and Gambia lagged somewhat behind, together accounting for a further X (+X% per year) experienced the highest rates of growth with regard to market size, in terms of the main countries of destination over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average milled rice export price stood at $X per ton in 2018, growing by X% against the previous year. Over the period under review, the export price indicated a modest expansion from 2007 to 2018: its price 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 export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, the average export prices for milled rice attained their peak figure 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 Jordan ($X per ton), while the average price for exports to the Netherlands ($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 Israel, while the prices for the other major destinations experienced more modest paces of growth.

Milled Rice Imports

Imports into Turkey

In 2018, the imports of milled rice into Turkey stood at X tons, increasing by X% against the previous year. Over the period under review, milled rice imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, milled rice imports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, milled rice imports stood at $X in 2018. Over the period under review, milled rice imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Egypt (X tons) and Italy (X tons) were the main suppliers of milled rice imports to Turkey, together comprising X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by China (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest milled rice suppliers to Turkey were China ($X), Italy ($X) and Egypt ($X), with a combined X% share of total imports.

China (+X% per year) experienced the highest rates of growth with regard to market size, in terms of the main suppliers over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average milled rice import price stood at $X per ton in 2018, growing by X% against the previous year. In general, the milled rice import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the average import price increased by X% y-o-y. In that year, the average import prices for milled rice attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the average import prices for milled rice remained at a somewhat lower figure.

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

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

Source: IndexBox Platform