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Asia - Rice - Market Analysis, Forecast, Size, Trends and Insights
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Asia: Rice Market Overview 2021

Rice Market Size in Asia

In 2020, the Asian rice market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. from 2016 to 2020, the growth of the market failed to regain the momentum.

Rice Production in Asia

In value terms, rice production rose rapidly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2020, production remained at a lower figure.

The countries with the highest volumes of rice production in 2020 were China (X tonnes), India (X tonnes) and Bangladesh (X tonnes), with a combined X% share of total production. Indonesia, Viet Nam, Thailand, Myanmar, the Philippines, Pakistan, Cambodia and Japan lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of rice production, amongst the leading producing countries, was attained by Cambodia, while rice production for the other leaders experienced more modest paces of growth.

The average rice yield reached X tonnes per ha in 2020, stabilizing at 2019 figures. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 when the yield increased by X% year-to-year. Over the period under review, the rice yield attained the peak level in 2020 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of rice were harvested in Asia; flattening at the previous year's figure. in general, the harvested area, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to rice production reached the maximum at X ha in 2013; however, from 2014 to 2020, the harvested area failed to regain the momentum.

Production by Country in Asia

The countries with the highest volumes of rice production in 2020 were China (X tonnes), India (X tonnes) and Bangladesh (X tonnes), together accounting for X% of total production. Indonesia, Viet Nam, Thailand, Myanmar, the Philippines, Pakistan, Cambodia and Japan lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of rice production, amongst the main producing countries, was attained by Cambodia, while rice production for the other leaders experienced more modest paces of growth.

Rice Exports

Exports in Asia

Rice exports expanded sharply to X tonnes in 2020, with an increase of X% against the previous year. The total export volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum in 2020 and are likely to see steady growth in the immediate term.

In value terms, rice exports rose remarkably to $X in 2020. Total exports indicated a prominent increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. The level of export peaked at $X in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

Exports by Country

In 2020, India (X tonnes) represented the main exporter of rice, making up X% of total exports. It was distantly followed by Thailand (X tonnes), Viet Nam (X tonnes), Pakistan (X tonnes), China (X tonnes) and Myanmar (X tonnes), together committing a X% share of total exports. Cambodia (X tonnes) occupied a relatively small share of total exports.

From 2007 to 2020, average annual rates of growth with regard to rice exports from India stood at +X%. at the same time, Cambodia (+X%), Myanmar (+X%), China (+X%), Pakistan (+X%) and Viet Nam (+X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. by contrast, Thailand (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of India, Myanmar, China and Cambodia increased by +X%, +X%, +X% and +X% percentage points, while Viet Nam (-X p.p.) and Thailand (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest rice supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total exports. It was followed by Viet Nam, with a X% share.

From 2007 to 2020, the average annual growth rate of value in India stood at +X%. in the other countries, the average annual rates were as follows: Thailand (+X% per year) and Viet Nam (+X% per year).

Export Prices by Country

In 2020, the rice export price in Asia amounted to $X per tonne, which is down by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. Over the period under review, export prices attained the peak figure at $X per tonne in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. in 2020, the country with the highest price was Cambodia ($X per tonne), while Myanmar ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the other leaders experienced more modest paces of growth.

Rice Imports

Imports in Asia

After three years of growth, overseas purchases of rice decreased by -X% to X tonnes in 2020. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2012 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2019, and then reduced in the following year.

In value terms, rice imports reduced to $X in 2020. The total import value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. The level of import peaked at $X in 2019, and then declined in the following year.

Imports by Country

The countries with the highest levels of rice imports in 2020 were China (X tonnes), the Philippines (X tonnes), Saudi Arabia (X tonnes), Malaysia (X tonnes), Iran (X tonnes), Nepal (X tonnes), Iraq (X tonnes), Bangladesh (X tonnes), the United Arab Emirates (X tonnes), Japan (X tonnes), Turkey (X tonnes) and Yemen (X tonnes), together amounting to X% of total import. South Korea (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China, while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Saudi Arabia ($X) and Iran ($X) were the countries with the highest levels of imports in 2020, with a combined X% share of total imports.

China 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 leaders experienced more modest paces of growth.

Import Prices by Country

The rice import price in Asia stood at $X per tonne in 2020, remaining relatively unchanged against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the import price increased by X% y-o-y. The level of import peaked at $X per tonne in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Saudi Arabia ($X per tonne), while Nepal ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Iran, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rice in Asia?
+
The countries with the highest volumes of rice consumption in 2020 were China (212M tonnes), India (166M tonnes) and Bangladesh (57M tonnes), with a combined 65% share of total consumption. Indonesia, Viet Nam, Myanmar, Thailand, the Philippines, Japan and Cambodia lagged somewhat behind, together accounting for a further 27%.
What are the largest producers of rice in Asia?
+
The countries with the highest volumes of rice production in 2020 were China (212M tonnes), India (181M tonnes) and Bangladesh (56M tonnes), with a combined 65% share of total production. Indonesia, Viet Nam, Thailand, Myanmar, the Philippines, Pakistan, Cambodia and Japan lagged somewhat behind, together comprising a further 30%.
What are the leading exporters of rice in Asia?
+
In value terms, India ($8B) remains the largest rice supplier in Asia, comprising 41% of total exports. The second position in the ranking was occupied by Thailand ($3.7B), with a 19% share of total exports. It was followed by Viet Nam, with a 14% share.
What are the leading importers of rice in Asia?
+
In value terms, China ($1.5B), Saudi Arabia ($1.4B) and Iran ($885M) constituted the countries with the highest levels of imports in 2020, with a combined 33% share of total imports.
What is the average export price for rice in Asia?
+
The rice export price in Asia stood at $541 per tonne in 2020, dropping by -2.4% against the previous year.
What is the average import price for rice in Asia?
+
The rice import price in Asia stood at $614 per tonne in 2020, standing approx. at the previous year.

Product coverage:
• FCL 27 - Rice, paddy

This report provides an in-depth analysis of the rice market in Asia. 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 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets and Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Viet Nam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings in 2020
Table 2:
Market Volume, in Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, by Country, 2015–2020
Table 5:
Production, in Physical Terms, by Country, 2007–2020
Table 6:
Harvested Area, by Country, 2007–2020
Table 7:
Yield, by Country, 2007–2020
Table 8:
Imports, in Physical Terms, by Country, 2007–2020
Table 9:
Imports, in Value Terms, by Country, 2007–2020
Table 10:
Import Prices, by Country of Destination, 2007–2020
Table 11:
Exports, in Physical Terms, by Country, 2007–2020
Table 12:
Exports, in Value Terms, by Country, 2007–2020
Table 13:
Export Prices, by Country of Origin, 2007–2020
Table 14:
Producer Prices, by Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), by Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, in Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, by Country, 2020
Figure 4:
Market Forecast to 2030
Figure 5:
Products: Market Size and Growth, by Type
Figure 6:
Products: Average Per Capita Consumption, by Type
Figure 7:
Products: Exports and Growth, by Type
Figure 8:
Products: Export Prices and Growth, by Type
Figure 9:
Production Volume and Growth
Figure 10:
Yield and Growth
Figure 11:
Exports and Growth
Figure 12:
Export Prices and Growth
Figure 13:
Market Size and Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports and Growth
Figure 16:
Import Prices
Figure 17:
Production, in Physical Terms, 2007–2020
Figure 18:
Production, in Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, by Country, 2020
Figure 22:
Production, in Physical Terms, by Country, 2007–2020
Figure 23:
Harvested Area, by Country, 2020
Figure 24:
Harvested Area, by Country, 2007–2020
Figure 25:
Yield, by Country, 2007–2020
Figure 26:
Imports, in Physical Terms, 2007–2020
Figure 27:
Imports, in Value Terms, 2007–2020
Figure 28:
Imports, in Physical Terms, by Country, 2020
Figure 29:
Imports, in Physical Terms, by Country, 2007–2020
Figure 30:
Imports, in Value Terms, by Country, 2007–2020
Figure 31:
Import Prices, by Country, 2007–2020
Figure 32:
Exports, in Physical Terms, 2007–2020
Figure 33:
Exports, in Value Terms, 2007–2020
Figure 34:
Exports, in Physical Terms, by Country, 2020
Figure 35:
Exports, in Physical Terms, by Country, 2007–2020
Figure 36:
Exports, in Value Terms, by Country, 2007–2020
Figure 37:
Export Prices, 2007–2020
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