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World - Rice - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

World - Rice - Market Analysis, Forecast, Size, Trends and Insights

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Apr 6, 2021

Crowding Competitors Out with Lower Prices, Indian Exports Dominate the Global Rice Market

IndexBox has just published a new report: 'World - Rice - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

In 2020, the global rice market displayed robust production indicators. Despite a pronounced shortage of shipping containers threatening to disrupt supplies to Africa, the global rice export market continues to expand. India maintains its status as the largest exporter, boasting the most competitive rice export prices.

Key Trends and Insights

In 2020, rice production worldwide increased by 2.0 million tons against the previous year's figures, surging to a record 503.2 million tons (according to the USDA data).

Africa, a key rice importer, may encounter a shortage in rice supplies, following a global lack of shipping containers in 2021. Despite the fact that rice production in Africa has increased by 10% over the past 5-year period, the continent continues to rely heavily on imports.

India exported a record 14.5K tons of rice in 2020, maintaining its dominant export position worldwide. The bumper crop yield seen over the past two years has enabled India to maintain competitively low prices, thereby displacing Pakistan's and Myanmar's exports from the African market. In 2021, it is projected that increased supplies to Bangladesh will further boost Indian exports. China is now redirecting its national rice stores for domestic consumption and has reduced the volume of rice exports to Africa.

In early 2021, India boasted the most competitively low prices ($370 per ton of nonparboiled white rice in Jan 2021), while prices for Vietnamese rice surged, following a stocks shortage until the beginning of the rice crop yield ($515 per ton of 5-percent broken kernel long-grain milled rice), becoming comparable with Thai rice prices. The price for rice from the USA, Uruguay and Argentina exceeded $600 per ton.

India to Feature Increasing Consumption and Export Volumes

The global rice market reached $363.8B in 2019, flattening at the previous year. The figures in this article relate to all types of rice (paddy, milled, etc.) in total.

The countries with the highest volumes of rice consumption in 2019 were China (211M tons), India (168M tons) and Indonesia (57M tons), together comprising 57% of global consumption. These countries were followed by Bangladesh, Vietnam, Myanmar, Thailand and the Philippines, which together accounted for a further 21% (IndexBox estimates).

From 2012 to 2019, the biggest increases were in the Philippines, while rice consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($114.7B) led the market, alone. The second position in the ranking was occupied by Bangladesh ($57.1B). It was followed by the Philippines.

The countries with the highest levels of rice per capita consumption in 2019 were Myanmar (472 kg per person), Vietnam (390 kg per person) and Bangladesh (330 kg per person).

From 2012 to 2019, the biggest increases were in India, while rice per capita consumption for the other global leaders experienced mixed trends in the per capita consumption figures.

After two years of growth, overseas shipments of rice decreased by -9.8% to 39M tons in 2019. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2019.

In value terms, rice exports dropped to $23.1B (IndexBox estimates) in 2019. In general, exports, however, continue to indicate a relatively flat trend pattern.

In 2019, India (9.8M tons), distantly followed by Thailand (5.8M tons), Vietnam (5.5M tons), Pakistan (4.6M tons), the U.S. (3.6M tons) and China (2.1M tons) represented the largest exporters of rice, together creating 80% of total exports. Brazil (1,063K tons), Paraguay (738K tons), Myanmar (733K tons) and Italy (679K tons) followed a long way behind the leaders.

From 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China, while exports for the other global leaders experienced more modest paces of growth.

In value terms, the largest rice supplying countries worldwide were India ($6.8B), Thailand ($4.2B) and Vietnam ($2.4B), together comprising 58% of global exports. Pakistan, the U.S., China, Italy, Brazil, Myanmar and Paraguay lagged somewhat behind, together comprising a further 28%.

The average rice export price stood at $584 per ton in 2019, increasing by 5.3% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, average export prices attained the maximum at $621 per ton in 2012; however, from 2013 to 2019, export prices remained at a lower figure.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global rice market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 27 - Rice, paddy

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Viterra, Cargill, Bunge, Dreyfus, Archer Daniels Midland Company, TPK Varna, Kirorimal Kashiram Marketing and Agencies Pvt. Ltd., UV Exports Pvt. Ltd., Visnukumar Traders Pvt. Ltd., PMI Exports 0wide DMCC, Viet Delta Industrial Co., Ltd., Andruiz Sarl., GSO Ware House (ORG), Remy Outsource Services, Telematic Solutions, AHD Equity LLC, American Commodity Company, Anheuser-Busch, Associated Rice Marketing Cooperative, Beaumont Rice Mills, California Family Foods, Caribbean Grain Company, Cormier Rice Milling Co., Crop Marketing Services, Farmers' Rice Cooperative, Farmers Storage Inc., KBX, Kennedy Rice Mill, Riviana Foods Inc., Tamaki Rice Corporation

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Harvested Area, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Area Harvested, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Harvested Area, By Country, 2023
    25. Harvested Area, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023

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