Thailand: Milled Rice Market 2020

Milled Rice Exports

Exports from Thailand

Milled rice exports from Thailand amounted to X tons in 2018, surging by X% against the previous year. In general, the total exports indicated temperate growth from 2007 to 2018: its volume 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. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. In that year, milled rice exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, milled rice exports amounted to $X in 2018. Over the period under review, the total exports indicated resilient growth 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. The pace of growth was the most pronounced in 2008 when exports increased by X% year-to-year. Over the period under review, milled rice exports attained their peak figure at $X in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

Exports by Country

Benin (X tons), Iraq (X tons) and South Africa (X tons) were the main destinations of milled rice exports from Thailand, with a combined X% share of total exports. These countries were followed by Indonesia, China, the U.S., Malaysia, Angola, Cameroon, Mozambique, the Philippines and China, Hong Kong SAR, which together accounted 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 Mozambique, while exports for the other leaders experienced more modest paces of growth.

In value terms, Benin ($X), the U.S. ($X) and China ($X) constituted the largest markets for milled rice exported from Thailand worldwide, together comprising X% of total exports. Indonesia, South Africa, Malaysia, China, Hong Kong SAR, Angola, Cameroon, Mozambique, Iraq and the Philippines lagged somewhat behind, together comprising a further X the main countries of destination, Angola experienced the highest rates of growth with regard to market size, 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, declining by -X% against the previous year. In general, the export price indicated a temperate 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 export price increased by +X% against 2016 indices. The growth pace was the most rapid in 2008 an increase of X% year-to-year. The export price peaked at $X per ton in 2012; however, from 2013 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 the U.S. ($X per ton), while the average price for exports to Iraq ($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 the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Milled Rice Imports

Imports into Thailand

In 2018, approx. X tons of semi-milled or wholly milled (bleached) rice were imported into Thailand; growing by X% against the previous year. In general, milled rice imports continue to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Imports peaked at X tons in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

In value terms, milled rice imports stood at $X in 2018. In general, milled rice imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. In that year, milled rice imports reached their peak of $X. From 2016 to 2018, the growth of milled rice imports failed to regain its momentum.

Imports by Country

In 2018, Niger (X tons) constituted the largest supplier of milled rice to Thailand, with a X% share of total imports. Moreover, milled rice imports from Niger exceeded the figures recorded by the second-largest supplier, the U.S. (X tons), fivefold. Australia (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 Niger totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Australia (+X% per year).

In value terms, Niger ($X) constituted the largest supplier of milled rice to Thailand, comprising X% of total milled rice imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Australia, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from Niger amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Australia (+X% per year).

Import Prices by Country

In 2018, the average milled rice import price amounted to $X per ton, increasing by X% against the previous year. Overall, the milled rice import price continues to indicate a measured expansion. The growth pace was the most rapid in 2015 an increase of X% y-o-y. The import price peaked at $X per ton in 2016; however, from 2017 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Japan ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Niger, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform