Europe: Paddy Rice Market 2024

Paddy Rice Market Size in Europe

In 2023, after two years of growth, there was significant decline in the Europe paddy rice market, when its value decreased by X% to $X. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Paddy Rice Production in Europe

In value terms, paddy rice production contracted to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then fell in the following year.

The countries with the highest volumes of production in 2023 were Italy (X tons), Russia (X tons) and Spain (X tons), with a combined X% share of total production. Greece, Portugal, France and Bulgaria lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Greece (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average paddy rice yield reduced slightly to X tons per ha in 2023, flattening at 2022. Overall, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the yield increased by X%. The level of yield peaked at X tons per ha in 2012; however, from 2013 to 2023, the 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.

In 2023, approx. X ha of paddy rice were harvested in Europe; flattening at the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of 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 Europe

In 2023, overseas shipments of paddy rice were finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Overall, exports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, paddy rice exports surged to $X in 2023. In general, exports, however, continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Bulgaria was the key exporting country with an export of around X tons, which amounted to X% of total exports. Greece (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Spain (X%), Italy (X%) and Romania (X%). The following exporters - Portugal (X tons) and the Netherlands (X tons) - together made up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Portugal (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest paddy rice supplying countries in Europe were Bulgaria ($X), Italy ($X) and Spain ($X), with a combined X% share of total exports. Greece, Romania, the Netherlands and Portugal lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Portugal, with a CAGR of X%, recorded 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 export price in Europe stood at $X per ton in 2023, growing by X% against the previous year. Export price indicated a resilient expansion from 2012 to 2023: 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 2023 figures, paddy rice export price increased by X% against 2018 indices. As a result, the export 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 exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Portugal ($X per ton) was amongst the lowest.

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

Paddy Rice Imports

Imports in Europe

After four years of growth, supplies from abroad of paddy rice decreased by X% to X tons in 2023. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by X%. The volume of import peaked at X tons in 2016; however, from 2017 to 2023, imports failed to regain momentum.

In value terms, paddy rice imports fell to $X in 2023. Total imports indicated slight growth from 2012 to 2023: its value 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, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2023, the growth of imports remained at a lower figure.

Imports by Country

The countries with the highest levels of paddy rice imports in 2023 were Switzerland (X tons), Italy (X tons) and Portugal (X tons), together recording X% of total import. Spain (X tons) took the next position in the ranking, followed by Bulgaria (X tons) and the Netherlands (X tons). All these countries together took near X% share of total imports. Germany (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Switzerland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest paddy rice importing markets in Europe were Italy ($X), Portugal ($X) and Switzerland ($X), with a combined X% share of total imports.

In terms of the main importing countries, Switzerland, with a CAGR of X%, recorded the highest growth rate of 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

In 2023, the import price in Europe amounted to $X per ton, with an increase of X% against the previous year. Import price indicated notable 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 2021 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 Germany ($X per ton), while Switzerland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform