Asia: Milled Rice Market 2020

Milled Rice Market Size in Asia

In 2019, the Asian milled rice market increased by X% to $X, rising for the third consecutive year after four years of decline. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. The level of consumption peaked in 2019 and is expected to retain growth in years to come.

Milled Rice Production in Asia

In value terms, milled rice production rose remarkably to $X in 2019 estimated in export prices. The total production indicated resilient growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. The level of production peaked at $X in 2012; however, from 2013 to 2019, production remained at a lower figure.

The countries with the highest volumes of milled rice production in 2019 were China (X tons), India (X tons) and Indonesia (X tons), with a combined X% share of total production.

From 2007 to 2019, the most notable rate of growth in terms of milled rice production, amongst the main producing countries, was attained by Indonesia, while milled rice production for the other leaders experienced more modest paces of growth.

In 2019, the average yield of milled rice in Asia amounted to X tons per ha, flattening at the year before. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, the milled rice yield reached the maximum level in 2019 and is likely to see gradual growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of milled rice were harvested in Asia; almost unchanged from 2018 figures. In general, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the harvested area increased by X% y-o-y. The level of harvested area peaked in 2019 and is expected to retain growth in years to come.

Production By Country in Asia

The countries with the highest volumes of milled rice production in 2019 were China (X tons), India (X tons) and Indonesia (X tons), together accounting for X% of total production.

From 2007 to 2019, the biggest increases were in Indonesia, while milled rice production for the other leaders experienced more modest paces of growth.

Milled Rice Exports

Exports in Asia

In 2019, approx. X tons of milled rice were exported in Asia; falling by -X% compared with the year before. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. The volume of export peaked at X tons in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

In value terms, milled rice exports totaled $X in 2019. Total exports indicated a strong increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2014; however, from 2015 to 2019, exports failed to regain the momentum.

Exports by Country

In 2019, Thailand (X tons) and India (X tons) represented the key exporters of milled rice in Asia, together committing X% of total exports. Pakistan (X tons) took the next position in the ranking, followed by Vietnam (X tons). All these countries together occupied near X% share of total exports. Myanmar (X tons) and Cambodia (X tons) occupied a relatively small share of total exports.

From 2007 to 2019, the biggest increases were in Cambodia, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest milled rice supplying countries in Asia were India ($X), Thailand ($X) and Pakistan ($X), with a combined X% share of total exports. Vietnam, Cambodia and Myanmar lagged somewhat behind, together comprising a further X terms of the main exporting countries, Cambodia saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the milled rice export price in Asia amounted to $X per ton, increasing by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 an increase of X% year-to-year. As a result, export price attained the peak level of $X per ton. From 2009 to 2019, the growth in terms of the export prices remained at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Milled Rice Imports

Imports in Asia

For the third consecutive year, Asia recorded growth in overseas purchases of milled rice, which increased by X% to X tons in 2019. The total import volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2012 when imports increased by X% y-o-y. Over the period under review, imports hit record highs in 2019 and are likely to see gradual growth in the immediate term.

In value terms, milled rice imports expanded sharply to $X in 2019. Total imports indicated a resilient increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, imports hit record highs in 2019 and are likely to see steady growth in years to come.

Imports by Country

In 2019, China (X tons), Indonesia (X tons), the Philippines (X tons), Iran (X tons), Saudi Arabia (X tons), Iraq (X tons), Bangladesh (X tons), the United Arab Emirates (X tons), Malaysia (X tons), Japan (X tons), Sri Lanka (X tons) and Yemen (X tons) represented the key importer of milled rice in Asia, committing X% of total import.

From 2007 to 2019, the biggest increases were in China, while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Iran ($X) and Saudi Arabia ($X) were the countries with the highest levels of imports in 2019, with a combined X% share of total imports.

In terms of the main importing countries, China 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 milled rice import price in Asia stood at $X per ton in 2019, with an increase of X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 when the import price increased by X% year-to-year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Iran ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Iran, while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform

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