Southern Asia: Paddy Rice Market 2024

Paddy Rice Market Size in Southern Asia

The South Asian paddy rice market was estimated at $X in 2022, surging by 2.3% against the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Paddy Rice Production in Southern Asia

In value terms, paddy rice production expanded sharply to $X in 2022 estimated in export price. The total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

India (X tons) constituted the country with the largest volume of paddy rice production, comprising approx. 70% of total volume. Moreover, paddy rice production in India exceeded the figures recorded by the second-largest producer, Bangladesh (X tons), threefold. The third position in this ranking was taken by Pakistan (X tons), with a 4.9% share.

In India, paddy rice production increased at an average annual rate of +1.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (+1.0% per year) and Pakistan (+4.8% per year).

In 2022, the average yield of paddy rice in Southern Asia contracted to X tons per ha, approximately equating the year before. The yield figure increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 4.1% against the previous year. Over the period under review, the paddy rice yield attained the peak level at X tons per ha in 2021, and then declined slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of paddy rice were harvested in Southern Asia; remaining constant against the year before. Overall, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 3.1% against the previous year. The level of harvested area peaked at X ha in 2021, and then shrank slightly in the following year.

Paddy Rice Exports

Exports in Southern Asia

After two years of growth, overseas shipments of paddy rice decreased by -32.4% to X tons in 2022. Overall, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by 89% against the previous year. The volume of export peaked at X tons in 2021, and then declined rapidly in the following year.

In value terms, paddy rice exports declined dramatically to $X in 2022. In general, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 67%. The level of export peaked at $X in 2021, and then declined rapidly in the following year.

Exports by Country

India prevails in exports structure, reaching X tons, which was near 96% of total exports in 2022. Pakistan (X tons) followed a long way behind the leaders.

Exports from India increased at an average annual rate of +6.3% from 2012 to 2022. At the same time, Pakistan (+16.6%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +16.6% from 2012-2022. From 2012 to 2022, the share of Pakistan increased by +2.4 percentage points.

In value terms, India ($X) remains the largest paddy rice supplier in Southern Asia, comprising 98% of total exports. The second position in the ranking was held by Pakistan ($X), with a 1.3% share of total exports.

In India, paddy rice exports expanded at an average annual rate of +5.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, with an increase of 7.1% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by 24% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-0.4%).

Paddy Rice Imports

Imports in Southern Asia

Paddy rice imports was estimated at X tons in 2022, leveling off at the previous year. In general, imports posted buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 65%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, paddy rice imports totaled $X in 2022. Over the period under review, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 43%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Nepal prevails in imports structure, amounting to X tons, which was near 96% of total imports in 2022. Pakistan (X tons) took a little share of total imports.

Nepal was also the fastest-growing in terms of the paddy rice imports, with a CAGR of +6.4% from 2012 to 2022. Pakistan (-2.1%) illustrated a downward trend over the same period. Nepal (+3 p.p.) significantly strengthened its position in terms of the total imports, while Pakistan saw its share reduced by -3.2% from 2012 to 2022, respectively.

In value terms, Nepal ($X) constitutes the largest market for imported paddy rice in Southern Asia, comprising 67% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 25% share of total imports.

In Nepal, paddy rice imports expanded at an average annual rate of +8.8% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, approximately equating the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 40% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per ton), while Nepal amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+2.2%).

Source: IndexBox Platform

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