Rice Market Overview in Ukraine
In value terms, rice production reduced modestly to $ in estimated in export prices. Overall, production showed a pronounced downturn. The pace of growth was the most pronounced in 2016 when the production volume increased by % against the previous year. Over the period under review, production reached the maximum level at $ in 2007; however, from 2008 to , production failed to regain the momentum.
The average yield of rice in Ukraine totaled tonnes per ha in , remaining stable against the year before. In general, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 when the yield increased by % year-to-year. The rice yield peaked at tonnes per ha in 2012; however, from 2013 to , the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , the rice harvested area in Ukraine fell to ha, shrinking by -% against the year before. In general, the harvested area saw a deep downturn. The growth pace was the most rapid in 2009 with an increase of % y-o-y. Over the period under review, the harvested area dedicated to rice production reached the peak figure at ha in 2011; however, from 2012 to , the harvested area failed to regain the momentum.
The revenue of the rice market in Ukraine skyrocketed to $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the market value increased by % y-o-y. Rice consumption peaked at $ in 2011; however, from 2012 to , consumption failed to regain the momentum.