India - Rice - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingRice Price in India - 2023
Contents:
- Rice Price in India (FOB) - 2023
- Rice Price in India (CIF) - 2022
- Rice Exports in India
- Rice Imports in India
Rice Price in India (FOB) - 2023
The average rice export price stood at $564 per ton in July 2023, surging by 3.8% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 8% m-o-m. The export price peaked in July 2023.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Saudi Arabia ($1,101 per ton), while the average price for exports to Nepal ($316 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Rice Price in India (CIF) - 2022
In 2022, the average rice import price amounted to $568 per ton, dropping by -33.5% against the previous year. Overall, the import price saw a noticeable slump. The pace of growth appeared the most rapid in 2021 when the average import price increased by 40% against the previous year. As a result, import price attained the peak level of $854 per ton, and then fell markedly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Myanmar ($7,506 per ton), while the price for Canada ($174 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+27.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Rice Exports in India
In 2022, approx. 23M tons of rice were exported from India; growing by 8.9% against 2021. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 49% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, rice exports rose significantly to $10.7B in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 21%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Rice in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 1,357 | 822 | 681 | 1,023 | -9.0% |
| Saudi Arabia | 1,005 | 1,030 | 811 | 1,014 | 0.3% |
| Bangladesh | 403 | 526 | 959 | 955 | 33.3% |
| Iraq | 444 | 554 | 536 | 543 | 6.9% |
| Benin | 233 | 333 | 466 | 471 | 26.4% |
| China | 0.4 | 1.6 | 271 | 401 | 900.8% |
| Senegal | 39.4 | 201 | 285 | 388 | 114.3% |
| Nepal | 226 | 314 | 432 | 378 | 18.7% |
| United Arab Emirates | 330 | 363 | 329 | 363 | 3.2% |
| Cote d'Ivoire | 120 | 199 | 322 | 334 | 40.7% |
| Guinea | 116 | 190 | 270 | 273 | 33.0% |
| Togo | 105 | 248 | 241 | 247 | 33.0% |
| Djibouti | 69.8 | 96.2 | 154 | 178 | 36.6% |
| Others | 2,352 | 3,102 | 3,865 | 4,177 | 21.1% |
| Total | 6,801 | 7,980 | 9,624 | 10,743 | 16.5% |
Top Export Markets for Rice from India in 2022:
- Bangladesh (2.7M tons)
- Senegal (1.4M tons)
- Benin (1.4M tons)
- China (1.3M tons)
- Saudi Arabia (1.2M tons)
- Iran (1.2M tons)
- Nepal (1.1M tons)
- Cote d'Ivoire (1.0M tons)
- Guinea (0.8M tons)
- Togo (0.8M tons)
- Iraq (0.8M tons)
- Djibouti (0.6M tons)
- United Arab Emirates (0.6M tons)
Rice Imports in India
In 2022, supplies from abroad of rice was finally on the rise to reach 20K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a deep contraction.
In value terms, rice imports soared to $11M in 2022. Over the period under review, imports, however, saw a deep slump.
| Import of Rice in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 2,918 | 1,051 | 1,611 | 4,337 | 14.1% |
| Spain | 2,409 | 1,290 | 444 | 1,772 | -9.7% |
| Russia | 4,580 | 736 | 41.4 | 1,548 | -30.3% |
| United Arab Emirates | 163 | 228 | 93.5 | 671 | 60.3% |
| Thailand | 1,307 | 534 | 346 | 637 | -21.3% |
| Jordan | 935 | 151 | 11.6 | 477 | -20.1% |
| United States | 870 | 268 | 120 | 457 | -19.3% |
| Vietnam | 17.2 | 19.6 | 41.4 | 107 | 83.9% |
| Oman | 28.1 | 64.1 | 26.7 | 97.5 | 51.4% |
| Sri Lanka | 26.0 | 9.0 | 24.8 | 96.2 | 54.7% |
| Canada | 80.9 | 35.0 | 28.1 | 85.4 | 1.8% |
| Myanmar | 207 | 147 | 206 | 1.3 | -81.6% |
| Others | 1,234 | 811 | 1,357 | 1,005 | -6.6% |
| Total | 14,775 | 5,344 | 4,352 | 11,291 | -8.6% |
Top Suppliers of Rice to India in 2022:
- Myanmar (undefinedK tons)
- Niger (7.8K tons)
- Russia (3.4K tons)
- Spain (2.3K tons)
- Thailand (0.9K tons)
- United Arab Emirates (0.8K tons)
- Jordan (0.6K tons)
- Canada (0.5K tons)
- United States (0.5K tons)
- Vietnam (0.4K tons)
- Sri Lanka (0.4K tons)
- Oman (0.3K tons)
This report provides an in-depth analysis of the rice market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
980
This report provides an in-depth analysis of the rice market in India.
298
This report provides an in-depth analysis of the milled rice market in India.
1068
This report provides an in-depth analysis of the paddy rice market in India.
453
This report provides an in-depth analysis of the broken rice market in India.
329
This report provides an in-depth analysis of the brown rice market in India.
449
This report provides an in-depth analysis of the milled rice market in India.
623
This report provides an in-depth analysis of the grain market in India.
7846
This report provides an in-depth analysis of the global rice market.
486
This report provides an in-depth analysis of the global milled rice market.
1546
This report provides an in-depth analysis of the global paddy rice market.
395
In November 2022, rice prices averaged $476 per ton FOB from India, a 2.1% month-over-month increase.
298
In March 2023, the Rice Paddy price in India stood at $337 per ton (FOB), showing a decrease of -1.8% compared to the previous month.
264
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.
823
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.
787
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.
1409
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
10407
Global rice consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
2141
Global rice exports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
1488
Global rice imports amounted to X thousand tons in 2015, declining by -X% against the previous year level.
1535
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.
