China: Milled Rice Market 2020

Milled Rice Market Size in China

The revenue of the milled rice market in China amounted to $X in 2018, going up by X% against the previous year. Over the period under review, the total market indicated prominent growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, milled rice consumption increased by +X% against 2007 indices. The pace of growth appeared the most rapid in 2008 when the market value increased by X% year-to-year. Milled rice consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Milled Rice Production in China

In value terms, milled rice production totaled $X in 2018 estimated in export prices. Over the period under review, the total output indicated a resilient increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, milled rice production reached its maximum level in 2018 and is likely to continue its growth in the immediate term.

Average yield of milled rice in China totaled X ton per ha in 2018, flattening at the previous year. In general, the milled rice yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Milled rice yield peaked in 2018 and is likely to see steady 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 2018, the harvested area of milled rice in China totaled X ha, stabilizing at the previous year. In general, the milled rice harvested area continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when harvested area increased by X% y-o-y. Milled rice harvested area peaked in 2018 and is likely to see steady growth in the near future.

Milled Rice Exports

Exports from China

Milled rice exports from China amounted to X tons in 2018, picking up by X% against the previous year. Over the period under review, milled rice exports, however, continue to indicate a deep decline. The pace of growth was the most pronounced in 2013 when exports increased by X% year-to-year. Over the period under review, milled rice exports attained their maximum at X tons in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, milled rice exports amounted to $X in 2018. In general, milled rice exports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2013 when exports increased by X% year-to-year. Exports peaked at $X in 2009; however, from 2010 to 2018, exports failed to regain their momentum.

Exports by Country

Cote d'Ivoire (X tons), South Korea (X tons) and the U.S. (X tons) were the main destinations of milled rice exports from China, with a combined X% share of total exports. These countries were followed by Turkey, Liberia, Cameroon, Mozambique, Democratic People's Republic of Korea, Guinea, the Philippines and China, Hong Kong SAR, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by the Philippines, while exports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Cote d'Ivoire ($X) and the U.S. ($X) were the largest markets for milled rice exported from China worldwide, with a combined X% share of total exports. These countries were followed by Turkey, Democratic People's Republic of Korea, Liberia, China, Hong Kong SAR, Guinea, Mozambique, Cameroon and the Philippines, which together accounted for a further X Philippines recorded the highest rates of growth with regard to market size, among the main countries of destination over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average milled rice export price stood at $X per ton in 2018, rising by X% against the previous year. Over the period under review, the export price indicated a remarkable increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, milled rice export price decreased by -X% against 2016 indices. The growth pace was the most rapid in 2008 an increase of X% y-o-y. Over the period under review, the average export prices for milled rice reached their peak figure at $X per ton in 2016; however, from 2017 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was China, Hong Kong SAR ($X per ton), while the average price for exports to Cameroon ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Guinea, while the prices for the other major destinations experienced more modest paces of growth.

Milled Rice Imports

Imports into China

In 2018, approx. X tons of milled rice were imported into China; surging by X% against the previous year. Over the period under review, milled rice imports continue to indicate an extraordinary increase. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. Over the period under review, milled rice imports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, milled rice imports stood at $X in 2018. Over the period under review, milled rice imports continue to indicate an extraordinary expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Imports peaked in 2018 and are likely to see steady growth in the immediate term.

Imports by Country

In 2018, Vietnam (X tons) constituted the largest supplier of milled rice to China, accounting for a X% share of total imports. Moreover, milled rice imports from Vietnam exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. Pakistan (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Vietnam stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Pakistan (+X% per year).

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

From 2007 to 2018, the average annual growth rate of value from Vietnam stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Pakistan (+X% per year).

Import Prices by Country

The average milled rice import price stood at $X per ton in 2018, reducing by -X% against the previous year. In general, the milled rice import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. Over the period under review, the average import prices for milled rice reached their maximum at $X per ton in 2010; however, from 2011 to 2018, import prices failed to regain their momentum.

Average prices varied somewhat amongst the major supplying countries. In 2018, the highest prices were recorded for prices from Cambodia ($X per ton) and Thailand ($X per ton), while the price for Pakistan ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Vietnam, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform