Africa: Rice Market 2024

Rice Market Size in Africa

In 2022, the African rice market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Rice Production in Africa

In value terms, rice production declined modestly to $X in 2022 estimated in export price. The total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Nigeria (X tons), Egypt (X tons) and Madagascar (X tons), with a combined X% share of total production. Tanzania, Mali, Guinea, Cote d'Ivoire, Democratic Republic of the Congo, Sierra Leone, Senegal and Ghana lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Senegal (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average rice yield shrank modestly to X tons per ha in 2022, standing approx. at 2021. In general, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the yield increased by X%. The level of yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of rice production in Africa reduced modestly to X ha, dropping by X% against the previous year's figure. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to rice production reached the maximum at X ha in 2021, and then contracted in the following year.

Rice Exports

Exports in Africa

For the third year in a row, Africa recorded growth in shipments abroad of rice, which increased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, rice exports rose markedly to $X in 2022. Total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Tanzania (X tons) was the key exporter of rice, committing X% of total exports. It was distantly followed by South Africa (X tons), Rwanda (X tons) and Senegal (X tons), together committing a X% share of total exports. Cote d'Ivoire (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to rice exports from Tanzania stood at X%. At the same time, Rwanda (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Cote d'Ivoire and Senegal experienced a relatively flat trend pattern. Tanzania (X p.p.) and Rwanda (X p.p.) significantly strengthened its position in terms of the total exports, while Cote d'Ivoire, South Africa and Senegal saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, the largest rice supplying countries in Africa were Tanzania ($X), South Africa ($X) and Rwanda ($X), together accounting for X% of total exports.

Tanzania, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced more modest paces of growth.

Rice Imports

Imports in Africa

In 2022, supplies from abroad of rice increased by X% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, rice imports soared to $X in 2022. Total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

The countries with the highest levels of rice imports in 2022 were Mozambique (X tons), Benin (X tons), Cote d'Ivoire (X tons), Senegal (X tons), Niger (X tons), Ghana (X tons), Cameroon (X tons), South Africa (X tons), Guinea (X tons), Ethiopia (X tons), Madagascar (X tons) and Burkina Faso (X tons), together finishing at X% of total import. Kenya (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Ethiopia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Benin ($X) and Ghana ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Senegal, Niger, South Africa, Ethiopia, Cameroon, Madagascar, Guinea, Mozambique, Kenya and Burkina Faso lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Ethiopia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, continues to indicate a pronounced decline. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ghana ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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