India - Rice - Market Analysis, Forecast, Size, Trends and Insights
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View PricingIndian Rice Price Increases to $476 per Ton
India Rice Export Price in November 2022
In November 2022, the rice price amounted to $476 per ton (FOB, India), rising by 2.1% against the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in March 2022 when the average export price increased by 5.7% month-to-month. The export price peaked at $505 per ton in May 2022; however, from June 2022 to November 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In November 2022, the country with the highest price was Saudi Arabia ($990 per ton), while the average price for exports to Madagascar ($289 per ton) was amongst the lowest.
From November 2021 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
India Rice Export Prices by Type
Prices varied noticeably by the product type; the product with the highest price was semi-milled or wholly milled (bleached) rice ($492 per ton), while the average price for exports of paddy rice ($258 per ton) was amongst the lowest.
From November 2021 to November 2022, the most notable rate of growth in terms of prices was recorded for the following types: broken rice (+1.3%), while the prices for the other products experienced mixed trend patterns.
India Rice Exports
In November 2022, shipments abroad of rice was finally on the rise to reach 1.7M tons after two months of decline. The total export volume increased at an average monthly rate of +1.0% from November 2021 to November 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in December 2021 with an increase of 33% month-to-month. Over the period under review, the exports hit record highs at 2.1M tons in August 2022; however, from September 2022 to November 2022, the exports failed to regain momentum.
In value terms, rice exports expanded markedly to $800M (IndexBox estimates) in November 2022. The total export value increased at an average monthly rate of +1.6% over the period from November 2021 to November 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The growth pace was the most rapid in December 2021 with an increase of 36% against the previous month. The exports peaked at 1.1M tons in June 2022; however, from July 2022 to November 2022, the exports stood at a somewhat lower figure.
India Rice Exports by Type
Semi-milled or wholly milled (bleached) rice (1.5M tons) was the largest type of rice exported from India, accounting for a 92% share of total exports. Moreover, semi-milled or wholly milled (bleached) rice exceeded the volume of the second product type, paddy rice (70K tons), more than tenfold. Broken rice (67K tons) ranked third in terms of total exports with a 4% share.
From November 2021 to November 2022, the average monthly rate of growth in terms of the volume of export of semi-milled or wholly milled (bleached) rice amounted to +2.0%. With regard to the other exported products, the following average monthly rates of growth were recorded: paddy rice (+2.7% per month) and broken rice (-9.3% per month).
In value terms, semi-milled or wholly milled (bleached) rice ($759M) remains the largest type of rice exported from India, comprising 95% of total exports. The second position in the ranking was taken by broken rice ($23M), with a 2.9% share of total exports. It was followed by paddy rice, with a 2.3% share.
From November 2021 to November 2022, the average monthly growth rate of the export volume of semi-milled or wholly milled (bleached) rice stood at +2.3%. With regard to the other exported products, the following average monthly rates of growth were recorded: broken rice (-8.2% per month) and paddy rice (+1.4% per month).
India Rice Exports by Country
Bangladesh (128K tons), Cote d'Ivoire (127K tons) and Guinea (114K tons) were the main destinations of rice exports from India, together accounting for 22% of total exports. These countries were followed by Benin, Liberia, Nepal, Saudi Arabia, Senegal, Madagascar, Angola, Iran, Mozambique and Vietnam, which together accounted for a further 44%.
From November 2021 to November 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Madagascar (with a CAGR of +32.0%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for rice exported from India were Saudi Arabia ($81M), Iran ($55M) and Cote d'Ivoire ($45M), with a combined 23% share of total exports. Bangladesh, Guinea, Benin, Liberia, Senegal, Nepal, Angola, Madagascar, Mozambique and Vietnam lagged somewhat behind, together comprising a further 34%.
Madagascar, with a CAGR of +30.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the rice market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Area Harvested, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
