South Africa: Milled Rice Market 2020

Milled Rice Market Size in South Africa

The revenue of the milled rice market in South Africa amounted to $X in 2018, rising by X% against the previous year. In general, milled rice consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. In that year, the milled rice market attained its peak level of $X. From 2014 to 2018, the growth of the milled rice market remained at a somewhat lower figure.

Milled Rice Production in South Africa

In value terms, milled rice production amounted to $X in 2018 estimated in export prices. Over the period under review, the total output indicated a notable expansion 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. Based on 2018 figures, milled rice production increased by +X% against 2016 indices. The growth pace was the most rapid in 2008 when production volume increased by X% against the previous year. Over the period under review, milled rice production reached its peak figure level at $X in 2011; however, from 2012 to 2018, production stood at a somewhat lower figure.

In 2018, the average milled rice yield in South Africa totaled X ton per ha, leveling off at the previous year. Over the period under review, the milled rice yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, the average milled rice yield reached its peak figure level in 2018 and is likely to continue its 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.

Milled rice harvested area in South Africa totaled X ha in 2018, lowering by -X% against the previous year. Overall, the milled rice harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Milled rice harvested area peaked at X ha in 2009; however, from 2010 to 2018, harvested area stood at a somewhat lower figure.

Milled Rice Exports

Exports from South Africa

In 2018, the milled rice exports from South Africa amounted to X tons, jumping by X% against the previous year. Over the period under review, milled rice exports continue to indicate a skyrocketing increase. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. Over the period under review, milled rice exports reached their maximum at X tons in 2016; however, from 2017 to 2018, exports remained at a lower figure.

In value terms, milled rice exports totaled $X in 2018. In general, milled rice exports continue to indicate an extraordinary expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Exports peaked at $X in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Botswana (X tons), Swaziland (X tons) and Zimbabwe (X tons) were the main destinations of milled rice exports from South Africa, together accounting for X% of total exports. Lesotho, Namibia, Zambia and Democratic Republic of the Congo lagged somewhat behind, together accounting 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 Zambia, while exports for the other leaders experienced more modest paces of growth.

In value terms, Botswana ($X), Swaziland ($X) and Zimbabwe ($X) appeared to be the largest markets for milled rice exported from South Africa worldwide, together comprising X% of total exports. Lesotho, Namibia, Zambia and Democratic Republic of the Congo lagged somewhat behind, together comprising a further X Republic of the Congo (+X% per year) recorded the highest growth rate of 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

In 2018, the average milled rice export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price indicated a measured expansion 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 export price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. Over the period under review, the average export prices for milled rice attained their maximum at $X per ton in 2011; however, from 2012 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Botswana ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Republic of the Congo, while the prices for the other major destinations experienced more modest paces of growth.

Milled Rice Imports

Imports into South Africa

Milled rice imports into South Africa stood at X tons in 2018, surging by X% against the previous year. In general, milled rice imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. In that year, milled rice imports reached their peak of X tons. From 2014 to 2018, the growth of milled rice imports remained at a lower figure.

In value terms, milled rice imports totaled $X in 2018. Overall, the total imports indicated a resilient expansion 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 imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Thailand (X tons) constituted the largest supplier of milled rice to South Africa, with a X% share of total imports. Moreover, milled rice imports from Thailand exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The United Arab Emirates (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 Thailand amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and the United Arab Emirates (+X% per year).

In value terms, Thailand ($X) constituted the largest supplier of milled rice to South Africa, comprising X% of total milled rice imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from Thailand amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and the United Arab Emirates (+X% per year).

Import Prices by Country

In 2018, the average milled rice import price amounted to $X per ton, growing by X% against the previous year. In general, the import price indicated a buoyant 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 2015 indices. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. In that year, the average import prices for milled rice reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the average import prices for milled rice failed to regain its momentum.

Average prices varied noticeably amongst the major supplying countries. In 2018, the highest prices were recorded for prices from the United Arab Emirates ($X per ton) and China, Hong Kong SAR ($X per ton), while the price for India ($X per ton) and Thailand ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform