The husked rice market in Portugal reached a value of 72.265 million Euros in 2023. Over the past decade, the market has experienced fluctuations with periods of significant growth, such as 2018 and 2019, driven primarily by a 29.25% and 34.26% increase year-on-year, respectively. However, the market saw a decline in 2020 and 2021, with a gradual stabilization in 2022 and 2023, marked by modest increases of 0.29% and 0.25%, respectively. The compound annual growth rate (CAGR) over the last five years stands at 4.1%, highlighting a sustained, albeit moderate, growth trend.
Key future trends include:
- Potential impact of climate change on rice production affecting supply chains.
- Growing consumer preference for sustainable and organic rice varieties.
- Technological advancements in agriculture enhancing production efficiency.
- Trade policies and potential tariff changes influencing import-export dynamics.
How does Portugal rank in Husked Rice Market Size Value?
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 114,600,000 | 2023 | +2.26% | +2.7% | View data |
| 2 | 2 Germany | 79,617,000 | 2023 | +0.22% | +8.42% | View data |
| 3 | 3 Portugal | 72,265,000 | 2023 | +0.25% | +4.1% | |
| 4 | 4 Sweden | 9,238,200 | 2023 | -1.03% | +2.88% | View data |
| 5 | 5 Finland | 1,742,400 | 2023 | +1.16% | +1.6% | View data |
