Australia and Oceania: Milled Rice Market 2020

Milled Rice Market Size in Australia and Oceania

The milled rice market in Australia and Oceania soared to $X in 2019, surging by X% against the previous year. In general, consumption enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. The level of consumption peaked at $X in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.

Milled Rice Production in Australia and Oceania

In value terms, milled rice production surged to $X in 2019 estimated in export prices. Overall, production continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. The level of production peaked at $X in 2012; however, from 2013 to 2019, production remained at a lower figure.

Australia (X tons) remains the largest milled rice producing country in Australia and Oceania, accounting for X% of total volume. It was followed by Fiji (X tons), with a X% share of total production. Papua New Guinea (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume in Australia totaled +X%. In the other countries, the average annual rates were as follows: Fiji (-X% per year) and Papua New Guinea (+X% per year).

In 2019, the average yield of milled rice in Australia and Oceania surged to X tons per ha, growing by X% compared with the previous year's figure. Over the period under review, the yield continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2011 when the yield increased by X% against the previous year. The level of yield peaked in 2019 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of milled rice were harvested in Australia and Oceania; with a decrease of -X% compared with 2018. Overall, the harvested area showed a noticeable decline. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2013; however, from 2014 to 2019, the harvested area remained at a lower figure.

Production By Country in Australia and Oceania

Australia (X tons) remains the largest milled rice producing country in Australia and Oceania, accounting for X% of total volume.

From 2007 to 2019, the average annual growth rate of volume in Australia totaled +X%.

Milled Rice Exports

Exports in Australia and Oceania

In 2019, overseas shipments of milled rice increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports continue to indicate a pronounced increase. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. The volume of export peaked at X tons in 2014; however, from 2015 to 2019, exports failed to regain the momentum.

In value terms, milled rice exports amounted to $X in 2019. Over the period under review, exports continue to indicate strong growth. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. The level of export peaked at $X in 2012; however, from 2013 to 2019, exports failed to regain the momentum.

Exports by Country

Australia dominates milled rice exports structure, recording X tons, which was near X% of total exports in 2019. It was distantly followed by Tokelau (X tons), generating a X% share of total exports.

Exports from Australia increased at an average annual rate of +X% from 2007 to 2019. At the same time, Tokelau (+X%) displayed positive paces of growth. Moreover, Tokelau emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +X% from 2007-2019. While the share of Australia (+X p.p.) and Tokelau (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest milled rice supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was occupied by Tokelau ($X), with a X% share of total exports.

In Australia, milled rice exports expanded at an average annual rate of +X% over the period from 2007-2019.

Export Prices by Country

The milled rice export price in Australia and Oceania stood at $X per ton in 2019, rising by X% against the previous year. Export price indicated pronounced growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, milled rice export price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. Over the period under review, export prices hit record highs at $X per ton in 2012; however, from 2013 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Australia ($X per ton), while Tokelau amounted to $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Australia.

Milled Rice Imports

Imports in Australia and Oceania

After two years of decline, overseas purchases of milled rice increased by X% to X tons in 2019. Total imports indicated slight growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. The volume of import peaked at X tons in 2016; however, from 2017 to 2019, imports remained at a lower figure.

In value terms, milled rice imports expanded markedly to $X in 2019. Total imports indicated a noticeable increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. The level of import peaked at $X in 2009; however, from 2010 to 2019, imports remained at a lower figure.

Imports by Country

Australia was the main importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Papua New Guinea (X tons), New Zealand (X tons), Tokelau (X tons) and Fiji (X tons), together comprising a X% share of total imports. Micronesia (Federated States of) (X tons) and Kiribati (X tons) took a relatively small share of total imports.

From 2007 to 2019, the biggest increases were in Tokelau, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported milled rice in Australia and Oceania, comprising X% of total imports. The second position in the ranking was occupied by Papua New Guinea ($X), with a X% share of total imports. It was followed by New Zealand, with a X% share.

In Australia, milled rice imports increased at an average annual rate of +X% over the period from 2007-2019. The remaining importing countries recorded the following average annual rates of imports growth: Papua New Guinea (+X% per year) and New Zealand (+X% per year).

Import Prices by Country

The milled rice import price in Australia and Oceania stood at $X per ton in 2019, growing by X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2009; however, from 2010 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was New Zealand ($X per ton), while Tokelau ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Micronesia (Federated States of), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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