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.


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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 tonne
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 tonne), while Myanmar ($363 per tonne) 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 tonne
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 tonne), while Senegal ($324 per tonne) 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.

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
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World - Rice - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global rice market.

Africa - Rice - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rice market in Africa.

Latin America and the Caribbean - Rice - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rice market in Latin America and the Caribbean.

Eastern Asia - Rice - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rice market in Eastern Asia.

Australia and Oceania - Rice - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rice market in Australia and Oceania.

Central Asia - Rice - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rice market in Central Asia.

Southern Asia - Rice - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rice market in Southern Asia.

Middle East - Rice - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rice market in the Middle East.

South-Eastern Asia - Rice - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rice market in South-Eastern Asia.

Northern America - Rice - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the rice market in Northern America.

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