The Milled or Broken Rice market in Spain reflected diverse trends from 2013 to 2023, with periodic fluctuations in value. In 2023, the market value was 635.49 million Euros, exhibiting a consistent decline in recent years, reflected in a -0.38% year-on-year decrease in 2022 and 2023. Over the last five years, the compounded annual growth rate (CAGR) was 0.23%, signaling modest growth and considerable stabilization after a significant dip in 2017.
The future trends to watch for include evolving consumer preferences toward alternative grains, potential policy changes affecting import-export dynamics, and the impact of climate change on rice production. Innovation in rice processing and marketing in Spain may also present new growth opportunities.
- 2013-2015: Modest growth, peaking in 2015 with a CAGR of 4.99%.
- 2016-2017: Notable decline, with a significant drop of -22.86% in 2017.
- 2018-2023: Stabilization with minor fluctuations and a modest CAGR of 0.23%.
How does Spain rank in Milled or Broken Rice Market Size Value?
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 877,670,000 | 2023 | +2.1% | +4.01% | View data |
| 2 | 2 United Kingdom | 701,990,000 | 2023 | +0.068% | +0.23% | View data |
| 3 | 3 Spain | 635,490,000 | 2023 | -0.38% | +0.23% | |
| 4 | 4 Portugal | 155,070,000 | 2023 | -0.18% | -0.16% | View data |
| 5 | 5 Sweden | 123,160,000 | 2023 | +3.33% | +6.58% | View data |
