Romania: Paddy Rice Market 2024

Paddy Rice Market Size in Romania

The Romanian paddy rice market declined sharply to $X in 2023, dropping by X% against the previous year. Over the period under review, consumption recorded a abrupt shrinkage. Paddy rice consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Paddy Rice Production in Romania

In value terms, paddy rice production declined to $X in 2023 estimated in export price. Over the period under review, production recorded a abrupt decline. The most prominent rate of growth was recorded in 2022 when the production volume increased by X% against the previous year. Paddy rice production peaked at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

In 2023, the average paddy rice yield in Romania dropped to X tons per ha, with a decrease of X% against 2022. In general, the yield saw a perceptible slump. The most prominent rate of growth was recorded in 2015 when the yield increased by X%. Over the period under review, the average paddy rice yield reached the peak level at X tons per ha in 2019; however, from 2020 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 Romania shrank to X ha, which is down by X% compared with 2022. Over the period under review, the harvested area saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha. From 2015 to 2023, the growth of the paddy rice harvested area remained at a somewhat lower figure.

Paddy Rice Exports

Exports from Romania

In 2023, shipments abroad of paddy rice increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, paddy rice exports expanded notably to $X in 2023. Over the period under review, exports, however, saw a noticeable contraction. The pace of growth was the most pronounced in 2016 when exports increased by X%. 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

Italy (X tons) was the main destination for paddy rice exports from Romania, accounting for a X% share of total exports. Moreover, paddy rice exports to Italy exceeded the volume sent to the second major destination, Spain (X tons), threefold. Bulgaria (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Bulgaria (X% per year).

In value terms, Italy ($X) remains the key foreign market for paddy rice exports from Romania, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports. It was followed by Bulgaria, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Bulgaria (X% per year).

Export Prices by Country

The average paddy rice export price stood at $X per ton in 2023, falling by X% against the previous year. Overall, the export price, however, enjoyed a perceptible expansion. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Bulgaria ($X per ton) and Germany ($X per ton), while the average price for exports to Italy ($X per ton) and Spain ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Paddy Rice Imports

Imports into Romania

In 2023, paddy rice imports into Romania reduced notably to X tons, shrinking by X% against the previous year's figure. In general, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2022 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, paddy rice imports shrank markedly to $X in 2023. Over the period under review, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then fell sharply in the following year.

Imports by Country

Italy (X tons), Bulgaria (X tons) and the Netherlands (X tons) were the main suppliers of paddy rice imports to Romania, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), Bulgaria ($X) and the Netherlands ($X) constituted the largest paddy rice suppliers to Romania, together comprising X% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average paddy rice import price stood at $X per ton in 2023, surging by X% against the previous year. In general, the import price showed a pronounced increase. Over the period under review, average import prices hit record highs at $X per ton in 2021; afterwards, it flattened through to 2023.

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

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

Source: IndexBox Platform