Indonesia: Rice Market 2025

Rice Market Size in Indonesia

The Indonesian rice market declined modestly to $X in 2021, standing approx. at the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Rice Production in Indonesia

In value terms, rice production contracted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 18%. Over the period under review, production reached the maximum level at $X in 2020, and then contracted modestly in the following year.

In 2021, the average rice yield in Indonesia stood at X tons per ha, surging by 1.9% compared with 2020. Overall, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 4.1% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2021, the growth of the average rice 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.

In 2021, the rice harvested area in Indonesia fell slightly to X ha, waning by -2.3% on the previous year's figure. Overall, the harvested area continues to indicate a slight slump. The most prominent rate of growth was recorded in 2018 when the harvested area increased by 4.4%. Over the period under review, the harvested area dedicated to rice production attained the maximum at X ha in 2013; however, from 2014 to 2021, the harvested area stood at a somewhat lower figure.

Rice Exports

Exports from Indonesia

In 2021, overseas shipments of rice were finally on the rise to reach X tons after three years of decline. In general, exports posted a modest increase. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, rice exports soared to $X in 2021. Over the period under review, exports continue to indicate slight growth. The pace of growth appeared the most rapid in 2017 when exports increased by 111% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Angola (X tons), Senegal (X tons) and Malaysia (X tons) were the main destinations of rice exports from Indonesia, with a combined 68% share of total exports. Oman, Congo, Gambia, Saudi Arabia and Niger lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the biggest increases were recorded for Congo (with a CAGR of +185.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rice exported from Indonesia were Malaysia ($X), Angola ($X) and Senegal ($X), with a combined 49% share of total exports. Oman, Saudi Arabia, Congo, Gambia and Niger lagged somewhat behind, together comprising a further 21%.

Among the main countries of destination, Congo, with a CAGR of +159.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average rice export price stood at $X per ton in 2021, falling by -21.1% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 38% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined significantly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Gambia ($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 Mali (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Rice Imports

Imports into Indonesia

After two years of decline, purchases abroad of rice increased by 19% to X tons in 2021. Overall, imports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of 593%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, rice imports rose modestly to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of 469% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

India (X tons), Vietnam (X tons) and Thailand (X tons) were the main suppliers of rice imports to Indonesia, with a combined 90% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of -0.8%), while imports for the other leaders experienced a decline.

In value terms, India ($X), Vietnam ($X) and Thailand ($X) constituted the largest rice suppliers to Indonesia, together accounting for 91% of total imports.

Among the main suppliers, India, with a CAGR of -2.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average rice import price stood at $X per ton in 2021, dropping by -13.4% against the previous year. In general, the import price saw a slight setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 35%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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