Asia-Pacific: Paddy Rice Market 2024

Paddy Rice Market Size in Asia-Pacific

The Asia-Pacific paddy rice market amounted to $X.5B in 2022, therefore, remained relatively stable against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X.9B in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Paddy Rice Production in Asia-Pacific

In value terms, paddy rice production stood at $X.9B in 2022 estimated in export price. In general, production, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of production peaked at $X.5B in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were China (X tons), India (X tons) and Bangladesh (X tons), with a combined X% share of total production.

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

In 2022, the average paddy rice yield in Asia-Pacific dropped slightly to X tons per ha, approximately equating 2021. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the yield increased by X%. The level of yield peaked at X tons per ha in 2021, and then contracted in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of paddy rice were harvested in Asia-Pacific; therefore, remained relatively stable against the previous year's figure. Overall, the harvested area, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

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Paddy Rice Exports

Exports in Asia-Pacific

In 2022, after two years of growth, there was significant decline in shipments abroad of paddy rice, when their volume decreased by X% to X tons. In general, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then dropped markedly in the following year.

In value terms, paddy rice exports contracted sharply to $X in 2022. Overall, exports, however, continue to indicate a perceptible increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped markedly in the following year.

Exports by Country

India prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Myanmar (X tons), mixing up a X% share of total exports. China (X tons), Lao People's Democratic Republic (X tons) and Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to paddy rice exports from India stood at X%. At the same time, Myanmar (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. China and Lao People's Democratic Republic experienced a relatively flat trend pattern. While the share of Myanmar (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Lao People's Democratic Republic (X p.p.) and China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), China ($X) and Myanmar ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

In terms of the main exporting countries, Myanmar, with a CAGR of X%, 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 2022, the export price in Asia-Pacific amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, saw a slight downturn. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices failed to regain momentum.

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 China ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Paddy Rice Imports

Imports in Asia-Pacific

After five years of growth, overseas purchases of paddy rice decreased by X% to X tons in 2022. Over the period under review, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, paddy rice imports dropped to $X in 2022. In general, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Vietnam (X tons) and Nepal (X tons) dominates imports structure, together committing X% of total imports. It was distantly followed by the Philippines (X tons), comprising a X% share of total imports.

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

In value terms, Vietnam ($X) constitutes the largest market for imported paddy rice in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Nepal ($X), with an X% share of total imports.

In Vietnam, paddy rice imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nepal (X% per year) and the Philippines (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while Nepal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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