China: Milled Rice Market 2020

Milled Rice Exports

Exports from China

Milled rice exports from China stood at X tons in 2018, shrinking by -X% against the previous year. Overall, milled rice exports continue to indicate a drastic curtailment. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Exports peaked 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 continue to indicate a deep decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. In that year, milled rice exports attained their peak of $X, and then declined slightly in the following year.

Exports by Country

Cote d'Ivoire (X tons) was the main destination for milled rice exports from China, accounting for a X% share of total exports. Moreover, milled rice exports to Cote d'Ivoire exceeded the volume sent to the second major destination, South Korea (X tons), threefold. The third position in this ranking was occupied by the U.S. (X tons), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Cote d'Ivoire stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and the U.S. (+X% per year).

In value terms, Cote d'Ivoire ($X), South Korea ($X) and the U.S. ($X) appeared to be the largest markets for milled rice exported from China worldwide, together comprising X% of total exports. Turkey, Democratic People's Republic of Korea, Liberia, China, Hong Kong SAR, Mozambique, Cameroon, the Philippines and Japan lagged somewhat behind, together comprising a further X Philippines experienced the highest growth rate of market size, in terms of 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

In 2018, the average milled rice export price amounted to $X per ton, going down by -X% against the previous year. Overall, the milled rice export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% against the previous year. Over the period under review, the average export prices for semi-milled or wholly milled (bleached) rice attained their maximum at $X per ton in 2012; however, from 2013 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; 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 Democratic People's Republic of Korea, while the prices for the other major destinations experienced more modest paces of growth.

Milled Rice Imports

Imports into China

Milled rice imports into China stood at X tons in 2018, dropping by -X% against the previous year. Over the period under review, milled rice imports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2012 when imports increased by X% against the previous year. Imports peaked at X tons in 2017, and then declined slightly in the following year.

In value terms, milled rice imports totaled $X in 2018. Over the period under review, milled rice imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Imports peaked at $X in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, Vietnam (X tons) constituted the largest milled rice supplier to China, with a X% share of total imports. Moreover, milled rice imports from Vietnam exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. Pakistan (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 Vietnam totaled +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 rate of growth in terms 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

In 2018, the average milled rice import price amounted to $X per ton, surging by X% against the previous year. In general, the import price indicated a temperate increase from 2007 to 2018: its price 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. Based on 2018 figures, milled rice import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, the average import prices for semi-milled or wholly milled (bleached) rice attained their peak figure at $X per ton in 2010; however, from 2011 to 2018, import prices remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform