World - Rice - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Mar 1, 2024

World - Rice - Market Analysis, Forecast, Size, Trends and Insights

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Rice Market

Rice market: discover recently published statistics provided by an Ai-driven market research platform. Datasets cover exports, trade, production, companies, market size, market prices, consumption, and imports. There is a breakdown by region, including China, Africa, the Middle East, Russia, the U.K., the U.S., Latin America, and EU. Market insights and forecast to 2030 are also provided in the snapshots.


Get FREE access to the latest REPORT on the Rice Market. Make informed decisions with market maps on the DASHBOARD. Download datasets on the TABLE page.

Rice - World's Largest Markets

RatingCountry
1China
2Bangladesh
3Philippines
4Vietnam
5Thailand

In value terms, the largest rice markets worldwide were China, Bangladesh and the Philippines, together comprising 54% of the global market. These countries were followed by Vietnam, Thailand, India, Myanmar, the United States, Brazil and Indonesia, which together accounted for a further 17%.

The United States saw the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while rice market for the other global leaders experienced more modest paces of growth.

Rice Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
USD per ton
Myanmar3363963633.9%
China3853983910.8%
India693546470-17.6%
Vietnam4454964712.9%
Pakistan4955275374.2%
United States5175735705.0%
Thailand6206536371.4%
Average559551518-3.8%

Prices varied noticeably by the country of origin; the country with the highest price was Thailand ($637 per ton), while Myanmar ($363 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201920202021CAGR,
2019-2021
USD per ton
United States112910811063-3.0%
Philippines43549098550.5%
Saudi Arabia930908919-0.6%
Iran957795889-3.6%
Iraq6726896790.5%
South Africa5435315773.1%
China5015015010.0%
Benin531446498-3.2%
Malaysia4674814740.7%
Indonesia4614624610.0%
Brazil32840844416.3%
Cote d'Ivoire450411431-2.1%
Senegal327322324-0.5%
Average5675575851.6%

Prices varied noticeably by the country of destination; the country with the highest price was the United States ($1,063 per ton), while Senegal ($324 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+50.5% per year), while the other global leaders experienced more modest paces of growth.

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Rice - Top Importers

COUNTRY201920202021CAGR,
2019-2021
billion USD
Saudi Arabia1.31.41.41.3%
China1.31.51.44.0%
Philippines1.11.21.22.4%
Iran1.50.91.2-10.5%
United States1.11.31-3.2%

In value terms, Saudi Arabia ($1.4B), China ($1.4B) and the Philippines ($1.2B) constituted the countries with the highest levels of imports in 2021, with a combined 15% share of global imports. Iran, the United States, Indonesia, Iraq, South Africa, Brazil, Cote d'Ivoire, Benin, Malaysia and Senegal lagged somewhat behind, together accounting for a further 27%.

Brazil (+62.1% per year) recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Rice - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
billion USD
India6.889.619.0%
Thailand3.53.73.61.4%
Vietnam2.42.82.63.6%
Pakistan2.32.12.1-2.8%
United States1.91.91.91.4%

In value terms, India ($9.6B) remains the largest rice supplier worldwide, comprising 36% of global exports. The second position in the ranking was occupied by Thailand ($3.6B), with a 13% share of global exports. It was followed by Vietnam, with a 9.7% share.

In India, rice exports expanded at an average annual rate of +19.0% over the period from 2019-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+1.4% per year) and Vietnam (+3.6% per year).

Rice - Market Forecast

Driven by increasing demand for rice worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Rice - Product Coverage

  • HS 1006 - Rice

Source: IndexBox Market Intelligence Platform

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 2030.

Product coverage:

  • FCL 27 - Rice, paddy

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

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

Company coverage:

Viterra, Cargill, Bunge, Dreyfus, Archer Daniels Midland Company, TPK Varna, Kirorimal Kashiram Marketing and Agencies Pvt. Ltd., UV Exports Pvt. Ltd., Visnukumar Traders Pvt. Ltd., PMI Exports 0wide DMCC, Viet Delta Industrial Co., Ltd., Andruiz Sarl., GSO Ware House (ORG), Remy Outsource Services, Telematic Solutions, AHD Equity LLC, American Commodity Company, Anheuser-Busch, Associated Rice Marketing Cooperative, Beaumont Rice Mills, California Family Foods, Caribbean Grain Company, Cormier Rice Milling Co., Crop Marketing Services, Farmers' Rice Cooperative, Farmers Storage Inc., KBX, Kennedy Rice Mill, Riviana Foods Inc., Tamaki Rice Corporation

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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY
  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • 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
  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Harvested Area, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Area Harvested, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Harvested Area, By Country, 2023
    25. Harvested Area, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023
Store
Blog
Event
The World's Best Import Markets for Rice
Feb 16, 2024
Eye 179

Explore the top import markets for rice and discover key statistics and insights. Learn about the countries with the highest import value for rice, including China, the Philippines, Iran, and more.

Rice Price to Stabilize on Adequate Supply and Low-Cost Shipments from India
Feb 14, 2022
Eye 802

This year, rice prices are forecast to ease, thanks primarily to rising production and exports from India, Thailand, Vietnam, China, and Pakistan. India dominates global trade, more than doubling its supplies at a competitive cost over the past two years. 

Crowding Competitors Out with Lower Prices, Indian Exports Dominate the Global Rice Market
Apr 6, 2021
Eye 749

Over 2020-2021 period, 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. 

China Emerges as the Largest Rice Importer in the World
Apr 19, 2018
Eye 1370

Global rice consumption amounted to X tons in 2016 (in terms of milled rice weight), posting modest but robust gains from 2007-2016. The total consumption volume increased at an average annual rate of +X%. Over the period under review, the globa

Which Country Eats the Most Rice in the World?
Feb 9, 2018
Eye 10352

Global rice consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.

Which Country Exports the Most Rice in the World?
Feb 1, 2018
Eye 2102

Global rice exports amounted to X thousand tons in 2015, descending by -X% against the previous year level.

Which Country Imports the Most Rice in the World?
Jan 25, 2018
Eye 1446

Global rice imports amounted to X thousand tons in 2015, declining by -X% against the previous year level.

Which Country Produces the Most Rice in the World?
Nov 10, 2017
Eye 1499

In 2015, the countries with the highest levels of rice production were China (X thousand tons), India (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.

Rice Market - India’s Rice Exports Slipped 3% in 2014
Sep 7, 2015
Eye 1307

India, despite a slight drop in exports in 2014, continued its dominance in the global rice trade. In 2014, India exported X thousand tons of rice totaling X million USD, X% under the previous year. Its primary trading partner was Saudi Arab

Top Import Markets for Grain: China, Japan, Mexico, and More
Nov 30, 2023
Eye 201

Explore the top import markets for grain, including China, Japan, Mexico, and more. Learn about the key statistics and market trends in the global grain import industry.

Free Data: Rice - World