U.S.: Milled Rice Market 2020

Milled Rice Market Size in the U.S.

The revenue of the milled rice market in the U.S. amounted to $X in 2018, remaining relatively unchanged against the previous year. In general, milled rice consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. Milled rice consumption peaked at $X in 2009; however, from 2010 to 2018, consumption stood at a somewhat lower figure.

Milled Rice Production in the U.S.

In value terms, milled rice production stood at $X in 2018. Overall, milled rice production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when production volume increased by X% y-o-y. Milled rice production peaked at $X in 2009; however, from 2010 to 2018, production remained at a lower figure.

In 2018, the average yield of milled rice in the U.S. amounted to X ton per ha, standing approx. at the previous year. Overall, the milled rice yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Milled rice yield peaked at X ton per ha in 2013; however, from 2014 to 2018, yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the harvested area of milled rice in the U.S. totaled X ha, approximately reflecting the previous year. Over the period under review, the milled rice harvested area continues to indicate a mild descent. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to milled rice production attained its maximum at X ha in 2010; however, from 2011 to 2018, harvested area failed to regain its momentum.

Milled Rice Exports

Exports from the U.S.

In 2018, the exports of milled rice from the U.S. stood at X tons, remaining constant against the previous year. In general, milled rice exports continue to indicate a modest expansion. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. In that year, milled rice exports attained their peak of X tons. From 2011 to 2018, the growth of milled rice exports remained at a lower figure.

In value terms, milled rice exports amounted to $X in 2018. The total export value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Exports peaked at $X in 2010; however, from 2011 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Haiti (X tons) was the main destination for milled rice exports from the U.S., with a X% share of total exports. Moreover, milled rice exports to Haiti exceeded the volume sent to the second major destination, Japan (X tons), twofold. The third position in this ranking was occupied by Canada (X tons), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Haiti amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Canada (-X% per year).

In value terms, the largest markets for milled rice exported from the U.S. were Haiti ($X), Japan ($X) and Canada ($X), with a combined X% share of total exports. Ghana, Jordan, South Korea, Saudi Arabia, Mexico, Iran, Taiwan, Chinese, Colombia and the Dominican Republic lagged somewhat behind, together accounting for a further X the main countries of destination, the Dominican Republic 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

The average milled rice export price stood at $X per ton in 2018, stabilizing at the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, the average export prices for milled rice reached their peak figure at $X per ton in 2009; however, from 2010 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Ghana ($X per ton), while the average price for exports to Iran ($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 Ghana, while the prices for the other major destinations experienced more modest paces of growth.

Milled Rice Imports

Imports into the U.S.

In 2018, the amount of milled rice imported into the U.S. stood at X tons, increasing by X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, milled rice imports attained their maximum at X tons in 2015; however, from 2016 to 2018, imports remained at a lower figure.

In value terms, milled rice imports totaled $X in 2018. Over the period under review, the total imports indicated a strong increase from 2007 to 2018: its value 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. Based on 2018 figures, milled rice imports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Imports peaked in 2018 and are likely to continue its growth in the near future.

Imports by Country

In 2018, Thailand (X tons) constituted the largest supplier of milled rice to the U.S., accounting for a X% share of total imports. Moreover, milled rice imports from Thailand exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. China (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms 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 China (-X% per year).

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

From 2007 to 2018, the average annual growth rate of value from Thailand stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Pakistan (+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. Over the last eleven years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, the average import prices for milled rice reached their maximum at $X per ton in 2013; however, from 2014 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Pakistan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform