Eastern Europe: Paddy Rice Market 2024

Paddy Rice Market Size in Eastern Europe

The East European paddy rice market dropped to $X in 2023, waning by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then declined in the following year.

Paddy Rice Production in Eastern Europe

In value terms, paddy rice production dropped to $X in 2023 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the production volume increased by X%. As a result, production reached the peak level of $X, and then declined in the following year.

Russia (X tons) constituted the country with the largest volume of paddy rice production, comprising approx. X% of total volume. Moreover, paddy rice production in Russia exceeded the figures recorded by the second-largest producer, Bulgaria (X tons), more than tenfold.

In Russia, paddy rice production remained relatively stable over the period from 2012-2023. The remaining producing countries recorded the following average annual rates of production growth: Bulgaria (X% per year) and Ukraine (X% per year).

The average paddy rice yield declined modestly to X tons per ha in 2023, standing approx. at the previous year's figure. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the paddy rice yield reached the maximum level at X tons per ha in 2019; however, from 2020 to 2023, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The paddy rice harvested area reduced to X ha in 2023, remaining relatively unchanged against the previous year. In general, the harvested area recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2023, the harvested area stood at a somewhat lower figure.

Paddy Rice Exports

Exports in Eastern Europe

In 2023, overseas shipments of paddy rice were finally on the rise to reach X tons after two years of decline. Overall, exports, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, paddy rice exports skyrocketed to $X in 2023. Over the period under review, exports, however, recorded a deep reduction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Bulgaria represented the major exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Romania (X tons), making up an X% share of total exports.

Bulgaria was also the fastest-growing in terms of the paddy rice exports, with a CAGR of X% from 2012 to 2023. Romania (X%) illustrated a downward trend over the same period. While the share of Bulgaria (X p.p.) and Romania (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bulgaria ($X) remains the largest paddy rice supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Romania ($X), with a X% share of total exports.

In Bulgaria, paddy rice exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price enjoyed prominent growth. The pace of growth appeared the most rapid in 2022 an increase of X%. The level of export peaked in 2023 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while Romania totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (X%).

Paddy Rice Imports

Imports in Eastern Europe

Paddy rice imports contracted dramatically to X tons in 2023, with a decrease of X% against the previous year's figure. In general, imports, however, showed measured growth. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports attained the peak of X tons, and then contracted rapidly in the following year.

In value terms, paddy rice imports contracted remarkably to $X in 2023. Over the period under review, imports, however, showed prominent growth. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then fell rapidly in the following year.

Imports by Country

Bulgaria was the key importing country with an import of around X tons, which recorded X% of total imports. Poland (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Romania (X%) and the Czech Republic (X%). The following importers - Ukraine (X tons), Russia (X tons) and Slovakia (X tons) - each accounted for a X% share of total imports.

Imports into Bulgaria increased at an average annual rate of X% from 2012 to 2023. At the same time, the Czech Republic (X%), Ukraine (X%) and Poland (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Russia (X%), Slovakia (X%) and Romania (X%) illustrated a downward trend over the same period. While the share of Bulgaria (X p.p.), Poland (X p.p.), the Czech Republic (X p.p.) and Ukraine (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Russia (X p.p.), Slovakia (X p.p.) and Romania (X p.p.) displayed negative dynamics.

In value terms, Bulgaria ($X) constitutes the largest market for imported paddy rice in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by Romania, with a X% share.

In Bulgaria, paddy rice imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Poland (X% per year) and Romania (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, with an increase of X% against the previous year. Import price indicated slight growth from 2012 to 2023: 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 2023 figures, paddy rice import price increased by X% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Ukraine ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform