Ukraine: Paddy Rice Market 2024

Paddy Rice Market Size in Ukraine

The Ukrainian paddy rice market fell to $X in 2023, declining by X% against the previous year. Over the period under review, consumption saw a deep setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Paddy Rice Production in Ukraine

In value terms, paddy rice production declined to $X in 2023 estimated in export price. Overall, production recorded a drastic downturn. The most prominent rate of growth was recorded in 2022 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

The average yield of paddy rice in Ukraine fell slightly to X tons per ha in 2023, which is down by X% on 2022 figures. In general, the yield showed a mild contraction. The growth pace was the most rapid in 2018 when the yield increased by X% against the previous year. Over the period under review, the average paddy rice yield hit record highs at X tons per ha in 2012; however, from 2013 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 paddy rice harvested area in Ukraine declined modestly to X ha, which is down by X% against the year before. Overall, the harvested area continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to paddy rice production reached the maximum at X ha in 2012; however, from 2013 to 2023, the harvested area remained at a lower figure.

Paddy Rice Exports

Exports from Ukraine

In 2022, after five 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 saw a perceptible contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped notably in the following year.

In value terms, paddy rice exports fell markedly to $X in 2022. Overall, exports faced a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Turkey (X tons) was the main destination for paddy rice exports from Ukraine, with a X% share of total exports. Moreover, paddy rice exports to Turkey exceeded the volume sent to the second major destination, Poland (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey totaled X%.

In value terms, Turkey ($X) remains the key foreign market for paddy rice exports from Ukraine, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey stood at X%.

Export Prices by Country

In 2022, the average paddy rice export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, showed a abrupt curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced a decline.

Paddy Rice Imports

Imports into Ukraine

In 2023, after two years of growth, there was significant decline in supplies from abroad of paddy rice, when their volume decreased by X% to X tons. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of X tons, and then fell markedly in the following year.

In value terms, paddy rice imports shrank sharply to $X in 2023. In general, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then dropped notably in the following year.

Imports by Country

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

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

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

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

Import Prices by Country

In 2023, the average paddy rice import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price posted a temperate increase. 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 supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform