World - Rice - Market Analysis, Forecast, Size, Trends and Insights
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Rice market: discover recently published statistics provided by an Ai-driven market research platform. Datasets cover exports, trade, production, companies, market size, market prices, consumption, and imports. There is a breakdown by region, including China, Africa, the Middle East, Russia, the U.K., the U.S., Latin America, and EU. Market insights and forecast to 2030 are also provided in the snapshots.
Rice - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | Bangladesh |
| 3 | Philippines |
| 4 | Vietnam |
| 5 | Thailand |
In value terms, the largest rice markets worldwide were China, Bangladesh and the Philippines, together comprising 54% of the global market. These countries were followed by Vietnam, Thailand, India, Myanmar, the United States, Brazil and Indonesia, which together accounted for a further 17%.
The United States saw the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while rice market for the other global leaders experienced more modest paces of growth.
Rice Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| USD per ton | ||||
| Myanmar | 336 | 396 | 363 | 3.9% |
| China | 385 | 398 | 391 | 0.8% |
| India | 693 | 546 | 470 | -17.6% |
| Vietnam | 445 | 496 | 471 | 2.9% |
| Pakistan | 495 | 527 | 537 | 4.2% |
| United States | 517 | 573 | 570 | 5.0% |
| Thailand | 620 | 653 | 637 | 1.4% |
| Average | 559 | 551 | 518 | -3.8% |
Prices varied noticeably by the country of origin; the country with the highest price was Thailand ($637 per ton), while Myanmar ($363 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| USD per ton | ||||
| United States | 1129 | 1081 | 1063 | -3.0% |
| Philippines | 435 | 490 | 985 | 50.5% |
| Saudi Arabia | 930 | 908 | 919 | -0.6% |
| Iran | 957 | 795 | 889 | -3.6% |
| Iraq | 672 | 689 | 679 | 0.5% |
| South Africa | 543 | 531 | 577 | 3.1% |
| China | 501 | 501 | 501 | 0.0% |
| Benin | 531 | 446 | 498 | -3.2% |
| Malaysia | 467 | 481 | 474 | 0.7% |
| Indonesia | 461 | 462 | 461 | 0.0% |
| Brazil | 328 | 408 | 444 | 16.3% |
| Cote d'Ivoire | 450 | 411 | 431 | -2.1% |
| Senegal | 327 | 322 | 324 | -0.5% |
| Average | 567 | 557 | 585 | 1.6% |
Prices varied noticeably by the country of destination; the country with the highest price was the United States ($1,063 per ton), while Senegal ($324 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+50.5% per year), while the other global leaders experienced more modest paces of growth.
Rice - Top Importers
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| billion USD | ||||
| Saudi Arabia | 1.3 | 1.4 | 1.4 | 1.3% |
| China | 1.3 | 1.5 | 1.4 | 4.0% |
| Philippines | 1.1 | 1.2 | 1.2 | 2.4% |
| Iran | 1.5 | 0.9 | 1.2 | -10.5% |
| United States | 1.1 | 1.3 | 1 | -3.2% |
In value terms, Saudi Arabia ($1.4B), China ($1.4B) and the Philippines ($1.2B) constituted the countries with the highest levels of imports in 2021, with a combined 15% share of global imports. Iran, the United States, Indonesia, Iraq, South Africa, Brazil, Cote d'Ivoire, Benin, Malaysia and Senegal lagged somewhat behind, together accounting for a further 27%.
Brazil (+62.1% per year) recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Rice - Top Exporters
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| billion USD | ||||
| India | 6.8 | 8 | 9.6 | 19.0% |
| Thailand | 3.5 | 3.7 | 3.6 | 1.4% |
| Vietnam | 2.4 | 2.8 | 2.6 | 3.6% |
| Pakistan | 2.3 | 2.1 | 2.1 | -2.8% |
| United States | 1.9 | 1.9 | 1.9 | 1.4% |
In value terms, India ($9.6B) remains the largest rice supplier worldwide, comprising 36% of global exports. The second position in the ranking was occupied by Thailand ($3.6B), with a 13% share of global exports. It was followed by Vietnam, with a 9.7% share.
In India, rice exports expanded at an average annual rate of +19.0% over the period from 2019-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+1.4% per year) and Vietnam (+3.6% per year).
Rice - Market Forecast
Driven by increasing demand for rice worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.
Rice - Product Coverage
- HS 1006 - Rice
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:
- USA
- 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
+ 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:
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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
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
-
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
-
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. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
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. 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
-
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
7227
This report provides an in-depth analysis of the global rice market.
1026
This report provides an in-depth analysis of the global paddy rice market.
518
This report provides an in-depth analysis of the global milled rice market.
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This report provides an in-depth analysis of the global brown rice market.
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This report provides an in-depth analysis of the global broken rice market.
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This report provides an in-depth analysis of the global milled rice market.
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This report provides an in-depth analysis of the global grain market.
775
This year, rice prices are forecast to ease, thanks primarily to rising production and exports from India, Thailand, Vietnam, China, and Pakistan. India dominates global trade, more than doubling its supplies at a competitive cost over the past two years.
717
Over 2020-2021 period, 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.
1341
Global rice consumption amounted to X tons in 2016 (in terms of milled rice weight), posting modest but robust gains from 2007-2016. The total consumption volume increased at an average annual rate of +X%. Over the period under review, the globa
10298
Global rice consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
2073
Global rice exports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
1391
Global rice imports amounted to X thousand tons in 2015, declining by -X% against the previous year level.
1457
In 2015, the countries with the highest levels of rice production were China (X thousand tons), India (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
1283
India, despite a slight drop in exports in 2014, continued its dominance in the global rice trade. In 2014, India exported X thousand tons of rice totaling X million USD, X% under the previous year. Its primary trading partner was Saudi Arab
165
Explore the top import markets for grain, including China, Japan, Mexico, and more. Learn about the key statistics and market trends in the global grain import industry.
