China: Rice Market 2024

Rice Market Size in China

The Chinese rice market amounted to $X in 2022, remaining stable against the previous year. Overall, consumption, however, showed a deep contraction. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Rice Production in China

In value terms, rice production reached $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Rice production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average rice yield in China declined modestly to X tons per ha, flattening at the previous year. Overall, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by X%. The rice 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 rice were harvested in China; standing approx. at 2021 figures. In general, the harvested area, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2016 to 2022, the growth of the rice harvested area remained at a lower figure.

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Rice Exports

Exports from China

Rice exports from China dropped to X tons in 2022, with a decrease of X% compared with the previous year's figure. Overall, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, rice exports dropped modestly to $X in 2022. In general, exports, however, showed resilient growth. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Egypt (X tons) was the main destination for rice exports from China, accounting for a X% share of total exports. Moreover, rice exports to Egypt exceeded the volume sent to the second major destination, Turkey (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and South Korea (X% per year).

In value terms, South Korea ($X), Egypt ($X) and Turkey ($X) constituted the largest markets for rice exported from China worldwide, together comprising X% of total exports. Papua New Guinea, Japan, Sierra Leone, the United States, Democratic People's Republic of Korea, Bulgaria, Mongolia, Cote d'Ivoire, Mozambique and Niger lagged somewhat behind, together comprising a further X%.

Papua New Guinea, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average rice export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a deep downturn. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Niger ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Rice Imports

Imports into China

In 2022, overseas purchases of rice increased by X% to X tons, rising for the third year in a row after two years of decline. In general, imports posted resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, rice imports surged to $X in 2022. Overall, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

India (X tons), Pakistan (X tons) and Vietnam (X tons) were the main suppliers of rice imports to China, with a combined X% share of total imports.

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

In value terms, India ($X), Pakistan ($X) and Vietnam ($X) appeared to be the largest rice suppliers to China, with a combined X% share of total imports.

India, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average rice import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Cambodia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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