Eastern Asia: Milled Rice Market 2020

Milled Rice Market Size in Eastern Asia

In 2019, the East Asian milled rice market increased by X% to $X for the first time since 2016, thus ending a two-year declining trend. The total consumption indicated resilient growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2016 indices. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2016; however, from 2017 to 2019, consumption failed to regain the momentum.

Milled Rice Production in Eastern Asia

In value terms, milled rice production expanded modestly to $X in 2019 estimated in export prices. The total production indicated strong growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -X% against 2016 indices. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2019, production failed to regain the momentum.

The country with the largest volume of milled rice production was China (X tons), accounting for X% of total volume. Moreover, milled rice production in China exceeded the figures recorded by the second-largest producer, Japan (X tons), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume in China stood at +X%. In the other countries, the average annual rates were as follows: Japan (-X% per year) and South Korea (-X% per year).

In 2019, the average yield of milled rice in Eastern Asia stood at X tons per ha, standing approx. at the previous year's figure. Overall, the yield recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the yield increased by X% y-o-y. Over the period under review, the milled rice yield attained the peak level in 2019 and is likely to see gradual 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 2019, the harvested area of milled rice in Eastern Asia reached X ha, approximately equating 2018. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to milled rice production reached the peak figure at X ha in 2015; however, from 2016 to 2019, the harvested area remained at a lower figure.

Production By Country in Eastern Asia

The country with the largest volume of milled rice production was China (X tons), accounting for X% of total volume. Moreover, milled rice production in China exceeded the figures recorded by the second-largest producer, Japan (X tons), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume in China stood at +X%. In the other countries, the average annual rates were as follows: Japan (-X% per year) and South Korea (-X% per year).

Milled Rice Exports

Exports in Eastern Asia

In 2019, approx. X tons of milled rice were exported in Eastern Asia; growing by X% compared with 2018. Overall, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at X tons in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, milled rice exports rose to $X in 2019. In general, exports, however, saw a noticeable downturn. The pace of growth appeared the most rapid in 2008 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. From 2009 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

China was the major exporter of milled rice in Eastern Asia, with the volume of exports accounting for X tons, which was near X% of total exports in 2019. Taiwan, Chinese (X tons) occupied the second position in the ranking, followed by Japan (X tons). All these countries together took approx. X% share of total exports. China, Hong Kong SAR (X tons) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -X% from 2007 to 2019. At the same time, Taiwan, Chinese (+X%), China, Hong Kong SAR (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, Taiwan, Chinese emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +X% from 2007-2019. While the share of Taiwan, Chinese (+X p.p.), Japan (+X p.p.) and China, Hong Kong SAR (+X p.p.) increased significantly in terms of the total exports from 2007-2019, the share of China (-X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest milled rice supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports. It was followed by Taiwan, Chinese, with a X% share.

In China, milled rice exports plunged by an average annual rate of -X% over the period from 2007-2019. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+X% per year) and Taiwan, Chinese (+X% per year).

Export Prices by Country

The milled rice export price in Eastern Asia stood at $X per ton in 2019, with an increase of X% against the previous year. Export price indicated a buoyant increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, milled rice export price decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2008 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China, Hong Kong SAR ($X per ton), while Taiwan, Chinese ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Milled Rice Imports

Imports in Eastern Asia

Milled rice imports rose remarkably to X tons in 2019, picking up by X% compared with the previous year's figure. In general, imports showed resilient growth. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

In value terms, milled rice imports expanded notably to $X in 2019. Overall, imports saw prominent growth. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure in 2019 and are likely to continue growth in the near future.

Imports by Country

China represented the largest importer of milled rice in Eastern Asia, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2019. Japan (X tons) took the second position in the ranking, distantly followed by South Korea (X tons) and China, Hong Kong SAR (X tons). All these countries together took near X% share of total imports. Taiwan, Chinese (X tons) occupied a minor share of total imports.

China was also the fastest-growing in terms of the milled rice imports, with a CAGR of +X% from 2007 to 2019. At the same time, South Korea (+X%) and Japan (+X%) displayed positive paces of growth. By contrast, China, Hong Kong SAR (-X%) and Taiwan, Chinese (-X%) illustrated a downward trend over the same period. China (+X p.p.) and Japan (+X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported milled rice in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by China, Hong Kong SAR, with a X% share.

From 2007 to 2019, the average annual growth rate of value in China amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+X% per year) and China, Hong Kong SAR (+X% per year).

Import Prices by Country

In 2019, the milled rice import price in Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a modest expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, milled rice import price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. As a result, import price attained the peak level of $X per ton. From 2010 to 2019, the growth in terms of the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was China, Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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