Australia: Rice Market 2025

Rice Market Size in Australia

The Australian rice market surged to $X in 2021, picking up by 92% against the previous year. In general, consumption, however, showed a mild decrease. Rice consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Rice Production in Australia

In value terms, rice production rose sharply to $X in 2021 estimated in export price. Overall, production, however, showed a dramatic slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 189%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

The average yield of rice in Australia soared to X tons per ha in 2021, jumping by 881% on the previous year. Over the period under review, the yield saw a relatively flat trend pattern. Over the period under review, the average rice yield attained the peak level at X tons per ha in 2014; however, from 2015 to 2021, the yield remained at a 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 in Australia contracted to X ha in 2021, with a decrease of -14.1% compared with the previous year's figure. In general, the harvested area showed a abrupt setback. The growth pace was the most rapid in 2013 when the harvested area increased by 10% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2014 to 2021, the growth of the rice harvested area remained at a lower figure.

Rice Exports

Exports from Australia

In 2021, approx. X tons of rice were exported from Australia; picking up by 75% against the previous year. In general, exports, however, saw a dramatic slump. The pace of growth appeared the most rapid in 2019 when exports increased by 1,444% against the previous year. Over the period under review, the exports hit record highs 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. Overall, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 3,318%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for rice exports from Australia, with a 3.4% share of total exports. Moreover, rice exports to the United Arab Emirates exceeded the volume sent to the second major destination, New Zealand (X tons), eightfold. South Africa (X tons) ranked third in terms of total exports with a 0.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled -6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-8.7% per year) and South Africa (+5.2% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for rice exports from Australia, comprising 3.8% of total exports. The second position in the ranking was taken by Oman ($X), with a 0.2% share of total exports. It was followed by New Zealand, with a 0.2% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled -5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-7.9% per year) and New Zealand (-11.9% per year).

Export Prices by Country

In 2021, the average rice export price amounted to $X per ton, falling by -5% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.2% 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 +144.0% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 121% against the previous year. The export price peaked at $X per ton in 2020, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to India ($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 the United States (+31.0%), while the prices for the other major destinations experienced more modest paces of growth.

Rice Imports

Imports into Australia

In 2021, after two years of growth, there was significant decline in overseas purchases of rice, when their volume decreased by -26% to X tons. In general, total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 31%. As a result, imports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, rice imports shrank markedly to $X in 2021. Over the period under review, total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-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 2020 when imports increased by 27%. As a result, imports attained the peak of $X, and then contracted sharply in the following year.

Imports by Country

Thailand (X tons), India (X tons) and Vietnam (X tons) were the main suppliers of rice imports to Australia, together accounting for 76% of total imports. Pakistan, Cambodia, the United States and Italy lagged somewhat behind, together comprising a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cambodia (with a CAGR of +25.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), India ($X) and Vietnam ($X) appeared to be the largest rice suppliers to Australia, with a combined 72% share of total imports. Pakistan, the United States, Cambodia and Italy lagged somewhat behind, together comprising a further 20%.

In terms of the main suppliers, Cambodia, with a CAGR of +24.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rice import price stood at $X per ton in 2021, approximately mirroring the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 21% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, 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 the United States (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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