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

U.S. - Rice - Market Analysis, Forecast, Size, Trends and Insights

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Sep 22, 2022

Rice Price in America Gains 10%, Reaching its Maximum at $812 per Ton

U.S. Rice Export Price per Ton July 2022

In July 2022, the rice price per ton stood at $812, growing by 9.8% against the previous month. Over the last six-month period, it increased at an average monthly rate of +5.4%. The growth pace was the most rapid in April 2022 an increase of 21% against the previous month. The export price peaked in July 2022.

There were significant differences in the average prices for the major overseas markets. In July 2022, the country with the highest price was Japan ($1,246 per ton), while the average price for exports to Honduras ($300 per ton) was amongst the lowest.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

U.S. 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 ($957 per ton), while the average price for exports of paddy rice ($392 per ton) was amongst the lowest.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was recorded for the following types: milled rice (+3.2%), while the prices for the other products experienced more modest paces of growth.

U.S. Rice Exports

Rice exports from the United States contracted sharply to 168K tons in July 2022, with a decrease of -30.5% on the month before. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in March 2022 when exports increased by 4.1% against the previous month. The exports peaked at 273K tons in January 2022; however, from February 2022 to July 2022, the exports stood at a somewhat lower figure.

In value terms, rice exports dropped sharply to $137M (IndexBox estimates) in July 2022. In general, exports saw a perceptible slump. The pace of growth appeared the most rapid in June 2022 with an increase of 21% m-o-m. As a result, the exports reached the peak of $179M, and then shrank markedly in the following month.

U.S. Rice Exports by Type

Semi-milled or wholly milled (bleached) rice (118K tons) was the largest type of rice exported from the United States, with a 70% share of total exports. Moreover, semi-milled or wholly milled (bleached) rice exceeded the volume of the second product type, paddy rice (41K tons), threefold. Husked (brown) rice (6.1K tons) ranked third in terms of total exports with a 3.6% share.

From January 2022 to July 2022, the average monthly rate of growth in terms of the volume of export of semi-milled or wholly milled (bleached) rice totaled -2.2%. With regard to the other exported products, the following average monthly rates of growth were recorded: paddy rice (-17.2% per month) and husked (brown) rice (-2.7% per month).

In value terms, semi-milled or wholly milled (bleached) rice ($113M) remains the largest type of rice exported from the United States, comprising 83% of total exports. The second position in the ranking was held by paddy rice ($16M), with a 12% share of total exports. It was followed by husked (brown) rice, with a 3.8% share.

From January 2022 to July 2022, the average monthly growth rate of the export volume of semi-milled or wholly milled (bleached) rice stood at +1.0%. With regard to the other exported products, the following average monthly rates of growth were recorded: paddy rice (-16.2% per month) and husked (brown) rice (-2.3% per month).

U.S. Rice Exports by Country

Japan (37K tons), Haiti (32K tons) and Mexico (28K tons) were the main destinations of rice exports from the United States, together comprising 58% of total exports. These countries were followed by Canada, the Dominican Republic, Honduras and Costa Rica, which together accounted for a further 29%.

From January 2022 to July 2022, the biggest increases were in Costa Rica (with a CAGR of +117.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($46M) remains the key foreign market for rice exports from the United States, comprising 34% of total exports. The second position in the ranking was taken by Haiti ($20M), with a 15% share of total exports. It was followed by Canada, with a 14% share.

From January 2022 to July 2022, the average monthly rate of growth in terms of value to Japan amounted to +6.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Haiti (-11.2% per month) and Canada (+1.4% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the rice market in the U.S.. 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:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • 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:

  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. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. 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. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

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

  9. 9. EXPORTS

    The Largest Destinations for Exports

    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. 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 In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

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

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