Portugal: Milled Rice Market 2020

Milled Rice Market Size in Portugal

The revenue of the milled rice market in Portugal amounted to $X in 2018, growing by X% against the previous year. In general, the total market indicated a mild expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, milled rice consumption increased by +X% against 2016 indices. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. Over the period under review, the milled rice market reached its maximum level at $X in 2011; however, from 2012 to 2018, consumption failed to regain its momentum.

Milled Rice Production in Portugal

In value terms, milled rice production totaled $X in 2018 estimated in export prices. In general, milled rice production continues to indicate a perceptible reduction. The growth pace was the most rapid in 2013 when production volume increased by X% year-to-year. Milled rice production peaked at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

In 2018, the average milled rice yield in Portugal totaled X ton per ha, approximately mirroring the previous year. In general, the milled rice yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when yield increased by X% y-o-y. In that year, the average milled rice yield reached its peak level of X ton per ha. From 2016 to 2018, the growth of the average milled rice yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of milled rice were harvested in Portugal; flattening at the previous year. In general, the milled rice harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2009 when harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to milled rice production reached its maximum at X ha in 2011; however, from 2012 to 2018, harvested area failed to regain its momentum.

Milled Rice Exports

Exports from Portugal

In 2018, approx. X tons of milled rice were exported from Portugal; growing by X% against the previous year. Overall, milled rice exports continue to indicate remarkable growth. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Exports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, milled rice exports amounted to $X in 2018. In general, milled rice exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. In that year, milled rice exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

Spain (X tons), France (X tons) and Syrian Arab Republic (X tons) were the main destinations of milled rice exports from Portugal, together accounting for X% of total exports. The UK, Albania, Angola, Sao Tome and Principe, the Netherlands, Lebanon, Italy, Belgium and Poland lagged somewhat behind, together accounting for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Albania, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for milled rice exported from Portugal were Syrian Arab Republic ($X), Spain ($X) and France ($X), with a combined X% share of total exports. Albania, Angola, the UK, the Netherlands, Sao Tome and Principe, Lebanon, Belgium, Poland and Italy lagged somewhat behind, together accounting for a further X (+X% per year) experienced the highest rates of growth with regard to market size, among the main countries of destination over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average milled rice export price amounted to $X per ton, increasing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Angola ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced more modest paces of growth.

Milled Rice Imports

Imports into Portugal

Milled rice imports into Portugal totaled X tons in 2018, going up by X% against the previous year. In general, the total imports indicated a notable increase from 2007 to 2018: its volume 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 2018 figures, milled rice imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Imports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, milled rice imports totaled $X in 2018. Overall, milled rice imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. Over the period under review, milled rice imports reached their peak figure at $X in 2011; however, from 2012 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Guyana (X tons) constituted the largest supplier of milled rice to Portugal, accounting for a X% share of total imports. Moreover, milled rice imports from Guyana exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold. India (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Guyana amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and India (+X% per year).

In value terms, Guyana ($X) constituted the largest supplier of milled rice to Portugal, comprising X% of total milled rice imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Guyana amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Spain (+X% per year).

Import Prices by Country

The average milled rice import price stood at $X per ton in 2018, going up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. Over the period under review, the average import prices for milled rice attained their peak figure at $X per ton in 2013; however, from 2014 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Pakistan ($X per ton), while the price for Suriname ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Pakistan, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform