Australia and Oceania: Rice Market 2024

Rice Market Size in Australia and Oceania

In 2022, the rice market in Australia and Oceania decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption saw a pronounced contraction. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Rice Production in Australia and Oceania

In value terms, rice production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production faced a dramatic setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Australia (X tons) remains the largest rice producing country in Australia and Oceania, accounting for X% of total volume. Moreover, rice production in Australia exceeded the figures recorded by the second-largest producer, Fiji (X tons), more than tenfold.

In Australia, rice production declined by an average annual rate of X% over the period from 2012-2022.

The average rice yield declined markedly to X tons per ha in 2022, falling by X% compared with 2021. Over the period under review, the yield continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when the yield increased by X%. The level of yield peaked at X tons per ha in 2014; however, from 2015 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 rice harvested area in Australia and Oceania was estimated at X ha, with an increase of X% on the year before. Over the period under review, the harvested area, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2014 to 2022, the growth of the rice harvested area failed to regain momentum.

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Rice Exports

Exports in Australia and Oceania

In 2022, approx. X tons of rice were exported in Australia and Oceania; with an increase of X% on the previous year's figure. Over the period under review, exports, however, recorded a abrupt setback. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, rice exports surged to $X in 2022. In general, exports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Australia (X tons), together recording X% of total export.

Australia was also the fastest-growing in terms of the rice exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest rice supplier in Australia and Oceania.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at X%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, reducing by X% against the previous year. Export price indicated a notable expansion from 2012 to 2022: its price 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, rice export price decreased by X% against 2020 indices. The growth pace was the most rapid in 2019 when the export price increased by X%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Rice Imports

Imports in Australia and Oceania

In 2022, supplies from abroad of rice increased by X% to X tons, rising for the fourth year in a row after two years of decline. Overall, imports saw prominent growth. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, rice imports skyrocketed to $X in 2022. Total imports indicated a strong 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. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Papua New Guinea (X tons) represented the main importer of rice, mixing up X% of total imports. It was distantly followed by Australia (X tons), New Zealand (X tons) and Fiji (X tons), together making up a X% share of total imports. The following importers - Vanuatu (X tons), New Caledonia (X tons) and French Polynesia (X tons) - each reached a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vanuatu (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest rice importing markets in Australia and Oceania were Australia ($X), Papua New Guinea ($X) and New Zealand ($X), together comprising X% of total imports. Fiji, French Polynesia, New Caledonia and Vanuatu lagged somewhat behind, together comprising a further X%.

Vanuatu, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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

In 2022, the import price in Australia and Oceania amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, saw a mild contraction. The pace of growth was the most pronounced in 2018 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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