Romania: Rice Market 2024

Rice Market Size in Romania

The Romanian rice market was finally on the rise to reach $X in 2022, after three years of decline. Overall, the total consumption indicated a strong 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. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Rice Production in Romania

In value terms, rice production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Rice production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

The average yield of rice in Romania surged to X tons per ha in 2022, growing by X% against the year before. In general, the yield, however, saw a pronounced setback. The pace of growth appeared the most rapid in 2015 when the yield increased by X%. Over the period under review, the average rice yield attained the maximum level at X tons per ha in 2019; however, from 2020 to 2022, the yield remained at a lower figure. 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 Romania expanded rapidly to X ha, increasing by X% compared with the previous year. Overall, the harvested area, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2015 to 2022, the growth of the rice harvested area failed to regain momentum.

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Rice Exports

Exports from Romania

In 2022, exports of rice from Romania soared to X tons, rising by X% on the previous year. Over the period under review, exports recorded moderate growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, rice exports surged to $X in 2022. In general, exports posted a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovakia (X tons), Italy (X tons) and the Czech Republic (X tons) were the main destinations of rice exports from Romania, together accounting for X% of total exports. Moldova, the Netherlands, Spain, Poland, Germany, Ukraine, the UK and Bulgaria lagged somewhat behind, together accounting for a further X%.

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

In value terms, Italy ($X), Slovakia ($X) and the Czech Republic ($X) constituted the largest markets for rice exported from Romania worldwide, together comprising X% of total exports. Moldova, Germany, the Netherlands, Spain, Poland, the UK, Ukraine and Bulgaria lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average rice export price amounted to $X per ton, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

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

Rice Imports

Imports into Romania

Rice imports into Romania surged to X tons in 2022, rising by X% against 2021 figures. In general, imports enjoyed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, rice imports skyrocketed to $X in 2022. Over the period under review, imports recorded a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Bulgaria (X tons) constituted the largest rice supplier to Romania, accounting for a X% share of total imports. Moreover, rice imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Myanmar (X tons), fourfold. Greece (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Bulgaria totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (X% per year) and Greece (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from Bulgaria amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (X% per year) and Greece (X% per year).

Import Prices by Country

In 2022, the average rice import price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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