EU: Rice Market 2024

Rice Market Size in the EU

The EU rice market surged to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Rice Production in the EU

In value terms, rice production rose markedly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Italy (X tons) constituted the country with the largest volume of rice production, accounting for X% of total volume. Moreover, rice production in Italy exceeded the figures recorded by the second-largest producer, Spain (X tons), twofold. The third position in this ranking was held by Greece (X tons), with an X% share.

In Italy, rice production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Spain (X% per year) and Greece (X% per year).

The average rice yield totaled X tons per ha in 2022, stabilizing at 2021. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2017; however, from 2018 to 2022, 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 2022, the rice harvested area in the European Union stood at X ha, growing by X% on the previous year's figure. Overall, the harvested area, however, saw a relatively flat trend pattern. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

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Rice Exports

Exports in the EU

In 2022, exports of rice in the European Union surged to X tons, rising by X% compared with the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, rice exports surged to $X in 2022. Total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) and Belgium (X tons) represented roughly X% of total exports in 2022. The Netherlands (X tons) took the next position in the ranking, followed by Spain (X tons), Bulgaria (X tons) and Greece (X tons). All these countries together held approx. X% share of total exports. The following exporters - Portugal (X tons) and Poland (X tons) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Portugal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

Among 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 the European Union stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Rice Imports

Imports in the EU

Rice imports surged to X tons in 2022, picking up by X% against the previous year's figure. Total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, rice imports surged to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of rice imports in 2022 were Belgium (X tons), France (X tons), the Netherlands (X tons), Germany (X tons), Italy (X tons) and Spain (X tons), together recording X% of total import. It was distantly followed by Portugal (X tons), making up a X% share of total imports. Poland (X tons), Bulgaria (X tons), the Czech Republic (X tons), Romania (X tons) and Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Belgium ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Germany, Italy, Spain, Portugal, Poland, the Czech Republic, Sweden, Romania and Bulgaria lagged somewhat behind, together accounting for a further X%.

Bulgaria, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, standing approx. at the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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