Southern Asia: Milled Rice Market 2020

Milled Rice Market Size in Southern Asia

In 2019, the South Asian milled rice market increased by X% to $X, rising for the third consecutive year after five 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 in certain years. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level in 2019 and is likely to see steady growth in the near future.

Milled Rice Production in Southern Asia

In value terms, milled rice production rose rapidly to $X in 2019 estimated in export prices. The total production indicated strong growth 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 2016 indices. The pace of growth was the most pronounced in 2008 when the production volume increased by X% y-o-y. The level of production peaked in 2019 and is likely to see gradual growth in the near future.

The country with the largest volume of milled rice production was India (X tons), comprising approx. X% of total volume. Moreover, milled rice production in India exceeded the figures recorded by the second-largest producer, Bangladesh (X tons), threefold. The third position in this ranking was occupied by Pakistan (X tons), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume in India stood at +X%. In the other countries, the average annual rates were as follows: Bangladesh (+X% per year) and Pakistan (+X% per year).

In 2019, the average yield of milled rice in Southern Asia amounted to X tons per ha, therefore, remained relatively stable against 2018. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2011 when the yield increased by X% year-to-year. The level of yield peaked in 2019 and is expected to retain 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.

In 2019, approx. X ha of milled rice were harvested in Southern Asia; approximately equating the year before. In general, the harvested area recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. As a result, the harvested area reached the peak level of X ha. From 2009 to 2019, the growth of the milled rice harvested area remained at a somewhat lower figure.

Production By Country in Southern Asia

India (X tons) constituted the country with the largest volume of milled rice production, comprising approx. X% of total volume. Moreover, milled rice production in India exceeded the figures recorded by the second-largest producer, Bangladesh (X tons), threefold. Pakistan (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume in India totaled +X%. In the other countries, the average annual rates were as follows: Bangladesh (+X% per year) and Pakistan (+X% per year).

Milled Rice Exports

Exports in Southern Asia

In 2019, overseas shipments of milled rice decreased by -X% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2019, exports remained at a lower figure.

In value terms, milled rice exports contracted slightly to $X in 2019. In general, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. From 2014 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

India was the key exporter of milled rice in Southern Asia, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2019. It was distantly followed by Pakistan (X tons), mixing up a X% share of total exports.

From 2007 to 2019, average annual rates of growth with regard to milled rice exports from India stood at +X%. At the same time, Pakistan (+X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +X% from 2007-2019. India (+X p.p.) and Pakistan (+X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest milled rice supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was occupied by Pakistan ($X), with a X% share of total exports.

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

Export Prices by Country

The milled rice export price in Southern Asia stood at $X per ton in 2019, picking up by X% against the previous year. Export price indicated a perceptible increase from 2007 to 2019: its price 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, milled rice export price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2008 when the export price increased by 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 somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2019, the country with the highest price was India ($X per ton), while Pakistan totaled $X per ton.

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

Milled Rice Imports

Imports in Southern Asia

Milled rice imports dropped to X tons in 2019, with a decrease of -X% compared with 2018. Total imports indicated pronounced growth 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 decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2019, imports remained at a lower figure.

In value terms, milled rice imports reached $X in 2019. Total imports indicated resilient growth 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 2014 indices. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. The level of import peaked in 2019 and is expected to retain growth in years to come.

Imports by Country

In 2019, Bangladesh (X tons), distantly followed by Sri Lanka (X tons), Nepal (X tons) and Afghanistan (X tons) represented the largest importers of milled rice, together generating X% of total imports.

From 2007 to 2019, the biggest increases were in Sri Lanka, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest milled rice importing markets in Southern Asia were Bangladesh ($X), Sri Lanka ($X) and Nepal ($X), with a combined X% share of total imports.

Sri Lanka 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 Southern Asia amounted to $X per ton, surging by X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. The level of import peaked at $X per ton in 2011; however, from 2012 to 2019, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major importing countries. In 2019, major importing countries recorded the following prices: in Sri Lanka ($X per ton) and Afghanistan ($X per ton), while Bangladesh ($X per ton) and Nepal ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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