Greece: Paddy Rice Market 2024

Paddy Rice Market Size in Greece

The Greek paddy rice market reduced to $X in 2023, falling by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Paddy rice consumption peaked at $X in 2016; however, from 2017 to 2023, consumption failed to regain momentum.

Paddy Rice Production in Greece

In value terms, paddy rice production dropped to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2022 with an increase of X%. As a result, production attained the peak level of $X, and then dropped in the following year.

The average yield of paddy rice in Greece contracted modestly to X tons per ha in 2023, which is down by X% compared with the previous year's figure. Over the period under review, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. The paddy rice yield peaked at X tons per ha in 2015; however, from 2016 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, the paddy rice harvested area in Greece declined modestly to X ha, remaining relatively unchanged against 2022 figures. The harvested area increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2021 to 2023, the growth of the paddy rice harvested area remained at a lower figure.

Paddy Rice Exports

Exports from Greece

In 2023, shipments abroad of paddy rice decreased by X% to X tons, falling for the third year in a row after five years of growth. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2023, the growth of the exports failed to regain momentum.

In value terms, paddy rice exports contracted to $X in 2023. In general, exports, however, continue to indicate a notable increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports attained the peak of $X. From 2021 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bulgaria (X tons), Italy (X tons) and Turkey (X tons) were the main destinations of paddy rice exports from Greece, together comprising X% of total exports.

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

In value terms, Bulgaria ($X), Italy ($X) and Turkey ($X) appeared to be the largest markets for paddy rice exported from Greece worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Italy, with a CAGR of X%, saw the highest rates of growth with regard to 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 paddy rice export price stood at $X per ton in 2023, surging by X% against the previous year. Overall, export price indicated a temperate 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 2021 indices. The most prominent rate of growth was recorded in 2022 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2023 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2023, amid the top suppliers, the countries with the highest prices were Italy ($X per ton) and Belgium ($X per ton), while the average price for exports to Spain ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Paddy Rice Imports

Imports into Greece

In 2023, overseas purchases of paddy rice increased by X% to X tons, rising for the third consecutive year after three years of decline. Overall, imports, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, paddy rice imports soared to $X in 2023. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Italy (X tons) constituted the largest supplier of paddy rice to Greece, with a X% share of total imports. Moreover, paddy rice imports from Italy exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), ninefold.

From 2012 to 2023, the average annual growth rate of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and France (X% per year).

In value terms, Italy ($X) constituted the largest supplier of paddy rice to Greece, comprising X% of total imports. The second position in the ranking was held by Bulgaria ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and France (X% per year).

Import Prices by Country

The average paddy rice import price stood at $X per ton in 2023, jumping by X% against the previous year. In general, import price indicated moderate 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 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of X%. The import price peaked in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform