China: Rice Market Overview 2021

Rice Market Size in China

In 2020, after four years of decline, there was growth in the Chinese rice market, when its value increased by X% to $X. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. from 2016 to 2020, the growth of the market failed to regain the momentum.

Rice Production in China

In value terms, rice production totaled $X in 2020 estimated in export prices. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. As a result, production reached the peak level of $X. from 2016 to 2020, production growth remained at a somewhat lower figure.

The average yield of rice in China stood at X tonnes per ha in 2020, remaining constant against the previous year. In general, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the yield increased by X% against the previous year. Over the period under review, the average rice yield attained the peak level in 2020 and is likely to see gradual growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the harvested area of rice in China stood at X ha, remaining relatively unchanged against the year before. Over the period under review, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X% year-to-year. As a result, the harvested area reached the peak level of X ha. from 2016 to 2020, the growth of the rice harvested area failed to regain the momentum.

Rice Exports

Exports from China

In 2020, after four years of growth, there was significant decline in shipments abroad of rice, when their volume decreased by -X% to X tonnes. In general, exports, however, showed a prominent expansion. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at X tonnes in 2019, and then reduced markedly in the following year.

In value terms, rice exports dropped to $X in 2020. Over the period under review, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2019, and then reduced in the following year.

Exports by Country

Egypt (X tonnes), South Korea (X tonnes) and Cameroon (X tonnes) were the main destinations of rice exports from China, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Cameroon (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) emerged as the key foreign market for rice exports from China, comprising X% of total exports. The second position in the ranking was occupied by Egypt ($X), with a X% share of total exports. It was followed by Sierra Leone, with a X% share.

From 2007 to 2020, the average annual growth rate of value to South Korea amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+X% per year) and Sierra Leone (+X% per year).

Export Prices by Country

The average rice export price stood at $X per tonne in 2020, surging by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne. from 2016 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Sierra Leone ($X per tonne), while the average price for exports to Niger ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Korea, while the prices for the other major destinations experienced a decline.

Rice Imports

Imports into China

In 2020, supplies from abroad of rice was finally on the rise to reach X tonnes for the first time since 2017, thus ending a two-year declining trend. Overall, imports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Imports peaked at X tonnes in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, rice imports soared to $X in 2020. In general, imports recorded prominent growth. The pace of growth was the most pronounced in 2012 when imports increased by X% year-to-year. Imports peaked at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

Myanmar (X tonnes), Viet Nam (X tonnes) and Pakistan (X tonnes) were the main suppliers of rice imports to China, together comprising X% of total imports. These countries were followed by Thailand, Cambodia and Lao People's Democratic Republic, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cambodia (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Viet Nam ($X), Myanmar ($X) and Thailand ($X) appeared to be the largest rice suppliers to China, with a combined X% share of total imports. These countries were followed by Pakistan, Cambodia and Lao People's Democratic Republic, which together accounted for a further X the main suppliers, Cambodia (+X% per year) saw the highest growth rate of 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

In 2020, the average rice import price amounted to $X per tonne, with an increase of X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2010; however, from 2011 to 2020, import prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rice in the world?

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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 57% share of global consumption.

What are the largest producers of rice in the world?

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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 58% share of global production.

What are the leading suppliers of rice to China?

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In value terms, the largest rice suppliers to China were Viet Nam ($452M), Myanmar ($324M) and Thailand ($242M), together comprising 70% of total imports. These countries were followed by Pakistan, Cambodia and Lao People's Democratic Republic, which together accounted for a further 27%.

What are the leading importers of rice from China?

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In value terms, South Korea ($154M) emerged as the key foreign market for rice exports from China, comprising 17% of total exports. The second position in the ranking was occupied by Egypt ($76M), with a 8.3% share of total exports. It was followed by Sierra Leone, with a 6.3% share.

What is the average export price for rice in China?

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In 2020, the average rice export price amounted to $421 per tonne, surging by 3.4% against the previous year.

What is the average import price for rice in China?

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In 2020, the average rice import price amounted to $513 per tonne, growing by 2.1% against the previous year.