Northern America: Milled Rice Market 2020

Milled Rice Market Size in Northern America

The North American milled rice market reached $X in 2019, flattening at the previous year. The total consumption indicated a perceptible increase 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 increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level at $X in 2009; however, from 2010 to 2019, consumption remained at a lower figure.

Milled Rice Production in Northern America

In value terms, milled rice production amounted to $X in 2019 estimated in export prices. The total production indicated a tangible expansion 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 increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2009; however, from 2010 to 2019, production failed to regain the momentum.

The country with the largest volume of milled rice production was the U.S. (X tons), accounting for X% of total volume.

From 2007 to 2019, the average annual growth rate of volume in the U.S. totaled +X%.

The average milled rice yield amounted to X tons per ha in 2019, leveling off at the previous year's figure. Over the period under review, the yield recorded a relatively flat trend pattern. The growth pace was the most rapid in 2012 when the yield increased by X% y-o-y. The level of yield peaked in 2019 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the total area harvested in terms of milled rice production in Northern America reached X ha, remaining relatively unchanged against the previous year. Overall, the harvested area showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to milled rice production attained the maximum at X ha in 2010; however, from 2011 to 2019, the harvested area remained at a lower figure.

Production By Country in Northern America

The country with the largest volume of milled rice production was the U.S. (X tons), accounting for X% of total volume.

In the U.S., milled rice production increased at an average annual rate of +X% over the period from 2007-2019.

Milled Rice Exports

Exports in Northern America

Milled rice exports was estimated at X tons in 2019, increasing by X% against the previous year. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. As a result, exports reached the peak of X tons. From 2011 to 2019, the growth exports failed to regain the momentum.

In value terms, milled rice exports rose rapidly to $X in 2019. The total export value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 when exports increased by X% y-o-y. The level of export peaked at $X in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from the U.S. (X tons), together recording X% of total export.

The U.S. experienced a relatively flat trend pattern with regard to volume of exports of milled rice. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) also remains the largest milled rice supplier in Northern America.

From 2007 to 2019, the average annual growth rate of value in the U.S. amounted to +X%.

Export Prices by Country

In 2019, the milled rice export price in Northern America amounted to $X per ton, flattening at the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. Over the period under review, export prices reached the maximum at $X per ton in 2009; however, from 2010 to 2019, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the U.S..

From 2007 to 2019, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Milled Rice Imports

Imports in Northern America

In 2019, purchases abroad of milled rice increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, milled rice imports surged to $X in 2019. Total imports indicated a prominent increase 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, imports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2019 and are expected to retain growth in the near future.

Imports by Country

The U.S. was the key importing country with an import of around X tons, which finished at X% of total imports. It was distantly followed by Canada (X tons), generating a X% share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Canada.

In value terms, the U.S. ($X) constitutes the largest market for imported milled rice in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value in the U.S. totaled +X%.

Import Prices by Country

The milled rice import price in Northern America stood at $X per ton in 2019, remaining relatively unchanged against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was the U.S. ($X per ton), while Canada totaled $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox Platform

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