South Africa: Milled Rice Market 2020

Milled Rice Exports

Exports from South Africa

In 2018, approx. X tons of semi-milled or wholly milled (bleached) rice were exported from South Africa; standing approx. at the previous year. Overall, the total exports indicated prominent growth from 2007 to 2018: its volume 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 exports decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. In that year, milled rice exports attained their peak of X tons. From 2017 to 2018, the growth of milled rice exports remained at a somewhat lower figure.

In value terms, milled rice exports totaled $X in 2018. Over the period under review, milled rice exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. In that year, milled rice exports attained their peak of $X. From 2017 to 2018, the growth of milled rice exports remained at a lower figure.

Exports by Country

Swaziland (X tons), Botswana (X tons) and Zimbabwe (X tons) were the main destinations of milled rice exports from South Africa, together accounting for X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Zimbabwe, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for milled rice exported from South Africa were Botswana ($X), Swaziland ($X) and Zimbabwe ($X), together comprising X% of total exports. These countries were followed by Namibia, Lesotho, Zambia and Democratic Republic of the Congo, which together accounted for a further X Republic of the Congo recorded the highest rates of growth with regard to 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

The average milled rice export price stood at $X per ton in 2018, growing by X% against the previous year. Over the period under review, the milled rice export price, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2013 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 reached their peak figure at $X per ton in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; 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 a decline.

Milled Rice Imports

Imports into South Africa

In 2018, approx. X tons of semi-milled or wholly milled (bleached) rice were imported into South Africa; picking up by X% against the previous year. In general, milled rice imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. 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 somewhat lower figure.

In value terms, milled rice imports amounted to $X in 2018. In general, 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 years. 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 2014 indices. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. Over the period under review, milled rice imports reached their maximum at $X in 2012; however, from 2013 to 2018, imports remained at a lower figure.

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), fourfold. 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 stood at +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 totaled +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

The average milled rice import price stood at $X per ton in 2018, surging by X% against the previous year. Overall, the import price indicated resilient growth 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 when the average import price increased by X% against the previous 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 2012; however, from 2013 to 2018, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2018, the countries with the highest prices were 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