The price of milled or broken rice in Spain showed fluctuations from 2010 to 2019, with a notable increase from €0.82 per kilogram in 2010 to €1 in 2019. Notably, the price dipped in 2017 to €0.72 per kilogram but recovered in subsequent years. As of 2023, the price remains stable around the €1 mark based on the last known data. The year-on-year variation indicates occasional volatility, while the Compound Annual Growth Rate (CAGR) over the past five years shows a steady trend, suggesting a mature market.
Future trends to watch include potential impacts of climate change on rice production, shifts in consumer preferences towards alternative grains, and changes in trade relations influencing import costs. Monitoring these elements will be crucial for forecasting future price trends in the Spanish rice market.
