South-Eastern Asia: Milled Rice Market 2020

Milled Rice Market Size in South-Eastern Asia

In 2019, the Southeast Asian milled rice market increased by X% to $X, rising for the third consecutive year after four years of decline. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2019, consumption failed to regain the momentum.

Milled Rice Production in South-Eastern Asia

In value terms, milled rice production expanded sharply to $X in 2019 estimated in export prices. The total production indicated a resilient increase from 2007 to 2019: its value 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, production increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2019, production failed to regain the momentum.

The countries with the highest volumes of milled rice production in 2019 were Indonesia (X tons), Vietnam (X tons) and Thailand (X tons), with a combined X% share of total production. These countries were followed by Myanmar, the Philippines, Cambodia and Lao People's Democratic Republic, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of milled rice production, amongst the key producing countries, was attained by Cambodia, while milled rice production for the other leaders experienced more modest paces of growth.

The average milled rice yield stood at X tons per ha in 2019, approximately reflecting 2018 figures. Overall, the yield recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, the milled rice yield reached the peak level in 2019 and is likely to see gradual 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 South-Eastern Asia reached X ha, remaining constant against 2018 figures. In general, the harvested area saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the harvested area increased by X% against the previous year. The level of harvested area peaked in 2019 and is expected to retain growth in the immediate term.

Production By Country in South-Eastern Asia

The countries with the highest volumes of milled rice production in 2019 were Indonesia (X tons), Vietnam (X tons) and Thailand (X tons), with a combined X% share of total production. These countries were followed by Myanmar, the Philippines, Cambodia and Lao People's Democratic Republic, which together accounted for a further X 2007 to 2019, the biggest increases were in Cambodia, while milled rice production for the other leaders experienced more modest paces of growth.

Milled Rice Exports

Exports in South-Eastern Asia

In 2019, overseas shipments of milled rice increased by X% to X tons, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, exports reached the peak of X tons. From 2015 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, milled rice exports rose to $X in 2019. Total exports 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, exports increased by +X% against 2017 indices. The growth pace was the most rapid in 2008 with an increase of 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

Thailand was the major exporting country with an export of about X tons, which resulted at X% of total exports. Vietnam (X tons) took the second position in the ranking, distantly followed by Myanmar (X tons). All these countries together took near X% share of total exports. Cambodia (X tons) followed a long way behind the leaders.

Exports from Thailand increased at an average annual rate of +X% from 2007 to 2019. At the same time, Cambodia (+X%) and Myanmar (+X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +X% from 2007-2019. Vietnam experienced a relatively flat trend pattern. Thailand (+X p.p.), Myanmar (+X p.p.) and Cambodia (+X p.p.) significantly strengthened its position in terms of the total exports, while Vietnam saw its share reduced by -X% from 2007 to 2019, respectively.

In value terms, Thailand ($X) remains the largest milled rice supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of total exports. It was followed by Cambodia, with a X% share.

From 2007 to 2019, the average annual growth rate of value in Thailand totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+X% per year) and Cambodia (+X% per year).

Export Prices by Country

In 2019, the milled rice export price in South-Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. As a result, export price attained the peak level of $X per ton. From 2009 to 2019, the growth in terms of the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Cambodia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Milled Rice Imports

Imports in South-Eastern Asia

In 2019, approx. X tons of milled rice were imported in South-Eastern Asia; with an increase of X% against the previous year. Total imports indicated a measured expansion from 2007 to 2019: its volume 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 2016 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked in 2019 and is expected to retain growth in the immediate term.

In value terms, milled rice imports expanded rapidly to $X in 2019. Overall, imports showed measured growth. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2009 to 2019, the growth imports failed to regain the momentum.

Imports by Country

In 2019, Indonesia (X tons) and the Philippines (X tons) represented the largest importers of milled rice in South-Eastern Asia, together recording near X% of total imports. Malaysia (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Singapore (X%). The following importers - Lao People's Democratic Republic (X tons) and Timor-Leste (X tons) - each finished at a X% share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Lao People's Democratic Republic, while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), the Philippines ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2019, with a combined X% share of total imports. These countries were followed by Singapore, Timor-Leste and Lao People's Democratic Republic, which together accounted for a further X People's Democratic Republic saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the milled rice import price in South-Eastern Asia amounted to $X per ton, surging by X% against the previous year. Import price indicated moderate growth from 2007 to 2019: its price 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, milled rice import price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2009 to 2019, the growth in terms of the import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Singapore ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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