Vietnam: Paddy Rice Market 2025

Paddy Rice Market Size in Vietnam

The Vietnamese paddy rice market fell to $X in 2021, with a decrease of -4.7% against the previous year. In general, consumption, however, saw a mild downturn. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Paddy Rice Production in Vietnam

In value terms, paddy rice production fell to $X in 2021 estimated in export price. In general, production, however, saw a noticeable downturn. The pace of growth appeared the most rapid in 2020 with an increase of 25% against the previous year. Paddy rice production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

The average yield of paddy rice in Vietnam contracted modestly to X tons per ha in 2021, remaining stable against the previous year. In general, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the yield increased by 4.9% against the previous year. The paddy rice yield peaked at X tons per ha in 2020, and then dropped modestly 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.

The paddy rice harvested area in Vietnam expanded slightly to X ha in 2021, growing by 1.6% against 2020 figures. Overall, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the harvested area increased by 1.8%. As a result, the harvested area attained the peak level of X ha. From 2014 to 2021, the growth of the paddy rice harvested area remained at a somewhat lower figure.

Paddy Rice Exports

Exports from Vietnam

In 2021, exports of paddy rice from Vietnam surged to X tons, growing by 18% against 2020 figures. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 526%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, paddy rice exports soared to $X in 2021. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 559% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Philippines (X tons) was the main destination for paddy rice exports from Vietnam, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Philippines totaled +24.5%.

In value terms, the Philippines ($X) also remains the key foreign market for paddy rice exports from Vietnam.

From 2012 to 2021, the average annual growth rate of value to the Philippines totaled +23.8%.

Export Prices by Country

The average paddy rice export price stood at $X per ton in 2021, picking up by 11% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 28%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the Philippines.

From 2012 to 2021, the rate of growth in terms of prices for Cambodia amounted to +0.8% per year.

Paddy Rice Imports

Imports into Vietnam

Paddy rice imports into Vietnam expanded remarkably to X tons in 2021, increasing by 6.8% compared with the previous year. In general, imports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 17% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, paddy rice imports stood at $X in 2021. Over the period under review, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Cambodia (X tons) constituted the largest supplier of paddy rice to Vietnam, accounting for a 84% share of total imports. Moreover, paddy rice imports from Cambodia exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. Lao People's Democratic Republic (X tons) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2021, the average annual growth rate of volume from Cambodia stood at +233.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-22.7% per year) and Lao People's Democratic Republic (+56.4% per year).

In value terms, Cambodia ($X) constituted the largest supplier of paddy rice to Vietnam, comprising 84% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by Lao People's Democratic Republic, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value from Cambodia totaled +222.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-24.5% per year) and Lao People's Democratic Republic (+52.1% per year).

Import Prices by Country

In 2021, the average paddy rice import price amounted to $X per ton, picking up by 5.1% against the previous year. Overall, the import price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2015 an increase of 45% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Lao People's Democratic Republic ($X per ton) and China ($X per ton), while the price for Cambodia ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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