Australia: Paddy Rice Market 2024

Paddy Rice Market Size in Australia

The Australian paddy rice market dropped to $X in 2021, with a decrease of -8.5% against the previous year. Over the period under review, consumption, however, faced a precipitous setback. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Paddy Rice Production in Australia

In value terms, paddy rice production reduced rapidly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a significant contraction. The growth pace was the most rapid in 2017 with an increase of 124%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

In 2021, the average yield of paddy rice in Australia soared to X tons per ha, rising by 133% against 2020 figures. In general, the yield posted significant growth. As a result, the yield reached the peak level and is likely to continue growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of paddy rice production in Australia contracted remarkably to X ha, which is down by -50% compared with 2020. Overall, the harvested area showed a precipitous contraction. Over the period under review, the harvested area dedicated to paddy rice production attained the maximum at X ha in 2020, and then contracted rapidly in the following year.

Paddy Rice Exports

Exports from Australia

In 2021, the amount of paddy rice exported from Australia surged to X tons, rising by 586% against the previous year's figure. In general, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 1,194%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, paddy rice exports surged to $X in 2021. Over the period under review, exports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 2,345%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea (X tons), Uruguay (X tons) and Argentina (X tons) were the main destinations of paddy rice exports from Australia, with a combined 99.9% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Papua New Guinea (with a CAGR of +28.1%), while the other leaders experienced more modest paces of growth.

In value terms, Papua New Guinea ($X) remains the key foreign market for paddy rice exports from Australia, comprising 75% of total exports. The second position in the ranking was held by Uruguay ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Papua New Guinea stood at +47.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (0.0% per year) and Argentina (0.0% per year).

Export Prices by Country

The average paddy rice export price stood at $X per ton in 2021, falling by -51.2% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 144% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped notably in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+189.6%), while the prices for the other major destinations experienced mixed trend patterns.

Paddy Rice Imports

Imports into Australia

In 2021, approx. X tons of paddy rice were imported into Australia; surging by 12% against 2020 figures. Over the period under review, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 327,960%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, paddy rice imports surged to $X in 2021. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 851%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest paddy rice supplier to Australia, accounting for a 62% share of total imports. Moreover, paddy rice imports from Vietnam exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam totaled +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+13.4% per year) and Italy (0.0% per year).

In value terms, Vietnam ($X) constituted the largest supplier of paddy rice to Australia, comprising 49% of total imports. The second position in the ranking was held by Thailand ($X), with a 23% share of total imports. It was followed by Italy, with a 22% share.

From 2012 to 2021, the average annual growth rate of value from Vietnam amounted to +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+10.0% per year) and Italy (0.0% per year).

Import Prices by Country

The average paddy rice import price stood at $X per ton in 2021, rising by 23% against the previous year. In general, the import price, however, showed a pronounced slump. The growth pace was the most rapid in 2016 an increase of 34,016%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+12.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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