Australia and Oceania: Rice Market 2025

Rice Market Size in Australia and Oceania

The rice market in Australia and Oceania soared to $X in 2021, surging by 58% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Rice Production in Australia and Oceania

In value terms, rice production amounted to $X in 2021 estimated in export price. In general, production, however, saw a precipitous contraction. The most prominent rate of growth was recorded in 2017 with an increase of 178%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

The country with the largest volume of rice production was Australia (X tons), comprising approx. 97% of total volume. It was followed by Fiji (X tons), with a 2.4% share of total production.

From 2012 to 2021, the average annual rate of growth in terms of volume in Australia totaled -8.3%.

In 2021, the average yield of rice in Australia and Oceania skyrocketed to X tons per ha, increasing by 697% on 2020. In general, the yield showed a relatively flat trend pattern. The level of yield peaked at X tons per ha in 2014; however, from 2015 to 2021, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The rice harvested area reduced to X ha in 2021, falling by -12.7% on the previous year. In general, the harvested area recorded a deep downturn. The pace of growth appeared the most rapid in 2013 when the harvested area increased by 10% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2014 to 2021, the growth of the rice harvested area failed to regain momentum.

Rice Exports

Exports in Australia and Oceania

In 2021, exports of rice in Australia and Oceania soared to X tons, rising by 73% compared with the previous year's figure. Overall, exports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when exports increased by 1,142%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, rice exports soared to $X in 2021. In general, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 2,289%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Australia dominates exports structure, accounting for X tons, which was approx. 95% of total exports in 2021. Fiji (X tons) held a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to rice exports from Australia stood at -20.4%. At the same time, Fiji (+10.7%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +10.7% from 2012-2021. While the share of Fiji (+2.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-4.7 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest rice supplier in Australia and Oceania, comprising 96% of total exports. The second position in the ranking was held by Fiji ($X), with a 2.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia stood at -17.0%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, dropping by -4.3% against the previous year. Export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rice export price increased by +110.2% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the export price increased by 92% against the previous year. The level of export peaked at $X per ton in 2020, and then shrank slightly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while Fiji totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.2%).

Rice Imports

Imports in Australia and Oceania

In 2021, purchases abroad of rice increased by 5.2% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2015 when imports increased by 43%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, rice imports reduced to $X in 2021. Total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +20.8% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of 28% against the previous year. The level of import peaked at $X in 2020, and then dropped in the following year.

Imports by Country

Papua New Guinea was the key importing country with an import of around X tons, which reached 48% of total imports. Australia (X tons) ranks second in terms of the total imports with a 27% share, followed by New Zealand (7.1%) and Fiji (6.5%). Solomon Islands (X tons), Vanuatu (X tons) and New Caledonia (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Solomon Islands (with a CAGR of +29.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Papua New Guinea ($X) and New Zealand ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 85% of total imports. Fiji, Solomon Islands, New Caledonia and Vanuatu lagged somewhat behind, together comprising a further 12%.

Solomon Islands, with a CAGR of +21.4%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, declining by -9.8% against the previous year. In general, the import price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the import price increased by 22% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Fiji (-0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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