The forecast for the import of rice to Germany shows a consistent upward trend from 2024 to 2028. For reference, the import value in 2023 stood at $411 million. The year-on-year percentage variations are as follows:
- 2024: 1.59% increase from 2023
- 2025: 1.35% increase from 2024
- 2026: 1.31% increase from 2025
- 2027: 1.26% increase from 2026
- 2028: 1.22% increase from 2027
The compound annual growth rate (CAGR) for the period from 2024 to 2028 is approximately 1.35%, indicating moderate and steady growth in rice imports over the next five years.
Future trends to watch for include potential changes in global rice prices, shifts in trade policies, the impact of climate change on rice production, and consumer preferences in Germany for specific types of rice or alternative grains. These factors could influence the volume and value of rice imports in the forthcoming years.