Burkina Faso: Rice Market 2020

Rice Exports

Exports from Burkina Faso

In 2018, the exports of rice from Burkina Faso stood at X tons, going up by X% against the previous year. In general, rice exports continue to indicate remarkable growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, rice exports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, rice exports stood at $X in 2018. In general, rice exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, rice exports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

Cote d'Ivoire (X tons) was the main destination for rice exports from Burkina Faso, accounting for a X% share of total exports. Moreover, rice exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Niger (X tons), threefold.

From 2007 to 2018, the average annual growth rate of volume to Cote d'Ivoire totaled +X%.

In value terms, Niger ($X) and Cote d'Ivoire ($X) appeared to be the largest markets for rice exported from Burkina Faso worldwide, together comprising X% of total exports.

Niger (+X% per year) recorded the highest rates of growth with regard to exports, in terms of the main countries of destination over the last eleven-year period.

Export Prices by Country

In 2018, the average rice export price amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the rice export price, however, continues to indicate a moderate expansion. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. In that year, the average export prices for rice reached their peak level of $X per ton. From 2011 to 2018, the growth in terms of the average export prices for rice failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Niger ($X per ton), while the average price for exports to Cote d'Ivoire totaled $X per ton.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Niger.

Rice Imports

Imports into Burkina Faso

Rice imports into Burkina Faso stood at X tons in 2018, going up by X% against the previous year. Overall, rice imports continue to indicate skyrocketing growth. The growth pace was the most rapid in 2018 when imports increased by X% y-o-y. In that year, rice imports attained their peak and are likely to continue its growth in the immediate term.

In value terms, rice imports stood at $X in 2018. Over the period under review, rice imports continue to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. In that year, rice imports reached their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, Thailand (X tons) constituted the largest rice supplier to Burkina Faso, accounting for a X% share of total imports. Moreover, rice imports from Thailand exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. Brazil (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Thailand totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Brazil (+X% per year).

In value terms, Thailand ($X) constituted the largest supplier of rice to Burkina Faso, comprising X% of total rice imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from Thailand totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Brazil (+X% per year).

Import Prices by Country

In 2018, the average rice import price amounted to $X per ton, going down by -X% against the previous year. In general, the rice import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% y-o-y. In that year, the average import prices for rice reached their peak level of $X per ton, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Myanmar ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Brazil, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform