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World - Rice - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Apr 6, 2021

Crowding Competitors Out with Lower Prices, Indian Exports Dominate the Global Rice Market

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IndexBox has just published a new report: 'World - Rice - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

In 2020, the global rice market displayed robust production indicators. Despite a pronounced shortage of shipping containers threatening to disrupt supplies to Africa, the global rice export market continues to expand. India maintains its status as the largest exporter, boasting the most competitive rice export prices. 

Key Trends and Insights

In 2020, rice production worldwide increased by 2.0 million tonnes against the previous year's figures, surging to a record 503.2 million tonnes (according to the USDA data).

Africa, a key rice importer, may encounter a shortage in rice supplies, following a global lack of shipping containers in 2021. Despite the fact that rice production in Africa has increased by 10% over the past 5-year period, the continent continues to rely heavily on imports. 

India exported a record 14.5K tonnes of rice in 2020, maintaining its dominant export position worldwide. The bumper crop yield seen over the past two years has enabled India to maintain competitively low prices, thereby displacing Pakistan’s and Myanmar’s exports from the African market. In 2021, it is projected that increased supplies to Bangladesh will further boost Indian exports. China is now redirecting its national rice stores for domestic consumption and has reduced the volume of rice exports to Africa. 

In early 2021, India boasted the most competitively low prices ($370 per ton of nonparboiled white rice in Jan 2021), while prices for Vietnamese rice surged, following a stocks shortage until the beginning of the rice crop yield ($515 per ton of 5-percent broken kernel long-grain milled rice), becoming comparable with Thai rice prices. The price for rice from the USA, Uruguay and Argentina exceeded $600 per ton.

India to Feature Increasing Consumption and Export Volumes

The global rice market reached $363.8B in 2019, flattening at the previous year. The figures in this article relate to all types of rice (paddy, milled, etc.) in total. 

The countries with the highest volumes of rice consumption in 2019 were China (211M tonnes), India (168M tonnes) and Indonesia (57M tonnes), together comprising 57% of global consumption. These countries were followed by Bangladesh, Viet Nam, Myanmar, Thailand and the Philippines, which together accounted for a further 21% (IndexBox estimates).

From 2012 to 2019, the biggest increases were in the Philippines, while rice consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($114.7B) led the market, alone. The second position in the ranking was occupied by Bangladesh ($57.1B). It was followed by the Philippines.

The countries with the highest levels of rice per capita consumption in 2019 were Myanmar (472 kg per person), Viet Nam (390 kg per person) and Bangladesh (330 kg per person).

From 2012 to 2019, the biggest increases were in India, while rice per capita consumption for the other global leaders experienced mixed trends in the per capita consumption figures.

After two years of growth, overseas shipments of rice decreased by -9.8% to 39M tonnes in 2019. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2019.

In value terms, rice exports dropped to $23.1B (IndexBox estimates) in 2019. In general, exports, however, continue to indicate a relatively flat trend pattern. 

In 2019, India (9.8M tonnes), distantly followed by Thailand (5.8M tonnes), Viet Nam (5.5M tonnes), Pakistan (4.6M tonnes), the U.S. (3.6M tonnes) and China (2.1M tonnes) represented the largest exporters of rice, together creating 80% of total exports. Brazil (1,063K tonnes), Paraguay (738K tonnes), Myanmar (733K tonnes) and Italy (679K tonnes) followed a long way behind the leaders.

From 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China, while exports for the other global leaders experienced more modest paces of growth.

In value terms, the largest rice supplying countries worldwide were India ($6.8B), Thailand ($4.2B) and Viet Nam ($2.4B), together comprising 58% of global exports. Pakistan, the U.S., China, Italy, Brazil, Myanmar and Paraguay lagged somewhat behind, together comprising a further 28%.

The average rice export price stood at $584 per tonne in 2019, increasing by 5.3% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, average export prices attained the maximum at $621 per tonne in 2012; however, from 2013 to 2019, export prices remained at a lower figure.

Source: IndexBox Platform

Product coverage:
• FCL 27 - Rice, paddy

This report provides an in-depth analysis of the global rice market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2018–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Harvested Area, By Country, 2007-2020
Table 7:
Yield, By Country, 2007-2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Harvested Area, By Country, 2020
Figure 24:
Harvested Area, By Country, 2007-2020
Figure 25:
Yield, By Country, 2007-2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020

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