U.S.: Paddy Rice Market 2024

Paddy Rice Market Size in the U.S.

The U.S. paddy rice market declined sharply to $X in 2021, which is down by -15.9% against the previous year. In general, consumption recorded a relatively flat trend pattern. Paddy rice consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Paddy Rice Production in the U.S.

In value terms, paddy rice production contracted to $X in 2021. In general, production saw a slight decrease. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

In 2021, the average paddy rice yield in the United States fell to X tons per ha, remaining stable against the previous year. Overall, the yield, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the yield increased by 3.7% against the previous year. Over the period under review, the average paddy rice yield reached the peak level at X tons per ha in 2013; however, from 2014 to 2021, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the harvested area of paddy rice in the United States reduced to X ha, with a decrease of -8.5% against the previous year's figure. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the harvested area increased by 23% against the previous year. The paddy rice harvested area peaked at X ha in 2016; however, from 2017 to 2021, the harvested area remained at a lower figure.

Paddy Rice Exports

Exports from the U.S.

Paddy rice exports from the United States was estimated at X tons in 2021, surging by 9.2% on the previous year's figure. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 17% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, paddy rice exports stood at $X in 2021. Over the period under review, exports, however, showed a mild decline. The growth pace was the most rapid in 2019 when exports increased by 11% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Mexico (X tons) was the main destination for paddy rice exports from the United States, with a 45% share of total exports. Moreover, paddy rice exports to Mexico exceeded the volume sent to the second major destination, Venezuela (X tons), threefold. Honduras (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (+1.0% per year) and Honduras (+2.0% per year).

In value terms, Mexico ($X) remains the key foreign market for paddy rice exports from the United States, comprising 47% of total exports. The second position in the ranking was taken by Venezuela ($X), with a 16% share of total exports. It was followed by Honduras, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Mexico totaled -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-0.7% per year) and Honduras (+0.8% per year).

Export Prices by Country

In 2021, the average paddy rice export price amounted to $X per ton, standing approx. at the previous year. In general, the export price, however, recorded a mild setback. The pace of growth appeared the most rapid in 2020 an increase of 15%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the countries with the highest prices were Nicaragua ($X per ton) and Mexico ($X per ton), while the average price for exports to Costa Rica ($X per ton) and Honduras ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+0.6%), while the prices for the other major destinations experienced a decline.

Paddy Rice Imports

Imports into the U.S.

In 2021, approx. X tons of paddy rice were imported into the United States; surging by 6.7% compared with 2020. Overall, imports, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2019 when imports increased by 479%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, paddy rice imports dropped to $X in 2021. Over the period under review, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 168%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Canada (X tons) and India (X tons) were the main suppliers of paddy rice imports to the United States, with a combined 95% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +15.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Canada ($X), China ($X) and India ($X) were the largest paddy rice suppliers to the United States, with a combined 90% share of total imports. These countries were followed by Argentina, which accounted for a further 4.9%.

In terms of the main suppliers, Argentina, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average paddy rice import price amounted to $X per ton, with a decrease of -14.2% against the previous year. Overall, the import price showed a pronounced downturn. The growth pace was the most rapid in 2018 when the average import price increased by 35%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Argentina ($X per ton) and India ($X per ton), while the price for China ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+16.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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