Middle East: Paddy Rice Market 2024

Paddy Rice Market Size in the Middle East

In 2023, the Middle Eastern paddy rice market was finally on the rise to reach $X after three years of decline. Overall, consumption recorded a perceptible setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Paddy Rice Production in the Middle East

In value terms, paddy rice production contracted modestly to $X in 2023 estimated in export price. In general, production recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2023 were Iran (X tons), Turkey (X tons) and Iraq (X tons), together comprising X% of total production.

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Iraq (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

In 2023, the average paddy rice yield in the Middle East reached X tons per ha, approximately reflecting the year before. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the yield increased by X%. The level of yield peaked at X tons per ha in 2017; however, from 2018 to 2023, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the harvested area of paddy rice in the Middle East declined to X ha, which is down by X% against the year before. In general, the harvested area recorded a slight decline. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the harvested area reached the peak level of X ha. From 2020 to 2023, the growth of the paddy rice harvested area remained at a lower figure.

Paddy Rice Exports

Exports in the Middle East

In 2023, after three years of growth, there was significant decline in overseas shipments of paddy rice, when their volume decreased by X% to X tons. In general, exports showed a mild setback. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of X tons. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, paddy rice exports dropped rapidly to $X in 2023. Overall, exports, however, continue to indicate noticeable growth. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates was the main exporting country with an export of around X tons, which accounted for X% of total exports. Saudi Arabia (X tons) ranks second in terms of the total exports with a X% share, followed by Turkey (X%) and Oman (X%). Kuwait (X tons) followed a long way behind the leaders.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of paddy rice. At the same time, Kuwait (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. Saudi Arabia experienced a relatively flat trend pattern. By contrast, Turkey (X%) and Oman (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Saudi Arabia (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Oman (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest paddy rice supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

In the United Arab Emirates, paddy rice exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per ton, with an increase of X% against the previous year. Export price indicated a noticeable expansion 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 export price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

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 Turkey ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Paddy Rice Imports

Imports in the Middle East

In 2023, supplies from abroad of paddy rice increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, paddy rice imports soared to $X in 2023. Overall, imports, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Yemen (X tons) and Turkey (X tons) dominates imports structure, together making up X% of total imports. It was distantly followed by the United Arab Emirates (X tons), committing a X% share of total imports. Saudi Arabia (X tons) held a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Yemen (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest paddy rice importing markets in the Middle East were Yemen ($X), Turkey ($X) and Saudi Arabia ($X), together accounting for X% of total imports.

Among the main importing countries, Yemen, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per ton, rising by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

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 Saudi Arabia ($X per ton), while the United Arab Emirates ($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 other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform