China: Rice Market Overview 2020

Rice Market Size in China

The value of the rice market in China went up notably to $X in 2018, jumping by X% against the previous year. Over the period under review, the total market indicated a remarkable expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, rice consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Over the period under review, the rice market attained its peak figure level in 2018 and is expected to retain its growth in the in years to come.

Rice Production in China

In value terms, rice production totaled $X in 2018 estimated in export prices. In general, rice production, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Rice production peaked in 2018 and is expected to retain its growth in the in years to come.

Rice Exports

Exports from China

For the fifth consecutive year, from China recorded decline in exports of rice, which decreased by -X% to X tonnes in 2018. Overall, rice exports showed a drastic shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, rice exports hit record highs at X tonnes in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, rice exports declined to $X in 2018. Over the period under review, rice exports continue to indicate a deep contraction. The growth pace was the most rapid in 2016 when exports increased by X% year-to-year. Over the period under review, rice exports hit record highs at $X in 2009; however, from 2010 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X tonnes) was the main destination for rice exports from China, with a X% share of total exports. Moreover, rice exports to Cote d'Ivoire exceeded the volume sent to the second major destination, South Korea (X tonnes), twofold. Pakistan (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Cote d'Ivoire totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-X% per year) and Pakistan (+X% per year).

In value terms, South Korea ($X), Cote d'Ivoire ($X) and the Philippines ($X) constituted the largest markets for rice exported from China worldwide, with a combined X% share of total exports.

The Philippines recorded the highest growth rate of the value of exports, in terms of 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 2018, the average rice export price amounted to $X per tonne, with an increase of X% against the previous year. Overall, the export price indicated buoyant growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, rice export price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. Over the period under review, the average export prices for rice hit record highs in 2018 and is expected to retain its growth in the in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was China, Hong Kong SAR ($X per tonne), while the average price for exports to Cameroon ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Democratic People's Republic of Korea, while the prices for the other major destinations experienced more modest paces of growth.

Rice Imports

Imports into China

For the fifth year in a row, into China recorded growth in imports of rice, which increased by X% to X tonnes in 2018. Over the period under review, rice imports enjoyed an extraordinary increase. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Imports peaked in 2018 and are expected to retain its growth in the in years to come.

In value terms, rice imports rose slightly to $X in 2018. Overall, rice imports continue to indicate a skyrocketing increase. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Imports peaked in 2018 and are expected to retain its growth in the near future.

Imports by Country

Viet Nam (X tonnes), Thailand (X tonnes) and Pakistan (X tonnes) were the main suppliers of rice imports to China, with a combined X% share of total imports. Cambodia, Myanmar and Lao People's Democratic Republic lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Myanmar (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Viet Nam ($X) constituted the largest supplier of rice to China, comprising X% of total imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Viet Nam totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Pakistan (+X% per year).

Import Prices by Country

In 2018, the average rice import price amounted to $X per tonne, lowering by -X% against the previous year. In general, the rice import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2010; however, from 2011 to 2018, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2018, the highest prices were recorded for prices from Cambodia ($X per tonne) and Lao People's Democratic Republic ($X per tonne), while the price for Myanmar ($X per tonne) and Thailand ($X per tonne) were amongst the lowest.

From 2007 to 2018, 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 mixed trend patterns.

Source: IndexBox AI Platform