In 2023, Hungary led the European Rice Real Price Index with a value of 15.879. Spain and Italy followed with values of 14.772 and 13.52, respectively. Portugal and Greece had values of 13.117 and 11.967, while Bulgaria recorded the lowest at 10.447. Year-on-year comparison from 2022 showed Hungary experienced the highest variation with an 18.09% increase, while Greece had the lowest at 4.62%. The five-year Compound Annual Growth Rate (CAGR) indicates stable growth across the countries, reflecting dynamic market conditions and varying demand trends.
Future trends to watch:
- Economic fluctuations influencing consumer purchasing power.
- Climate change affecting rice cultivation and supply chains.
- Trade policies and tariffs impacting the price dynamics across countries.
- Technological advancements in agriculture enhancing yield and potentially stabilizing prices.
Top countries in Rice Real Price Index by Country
| # | 6 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 158.79 | 2022 | +65.34% | +18.09% | View data |
| 2 | 2 Spain | 147.72 | 2022 | +15.18% | +11.67% | View data |
| 3 | 3 Italy | 135.2 | 2022 | +62.62% | +17.92% | View data |
| 4 | 4 Portugal | 131.17 | 2022 | +16.43% | +7.17% | View data |
| 5 | 5 Greece | 119.67 | 2022 | +6.27% | +4.62% | View data |
| 6 | 6 Bulgaria | 104.47 | 2022 | +18.41% | +9.61% | View data |
