Eastern Asia: Milled Rice Market 2020

Milled Rice Exports

Exports in Eastern Asia

In 2018, the amount of semi-milled or wholly milled (bleached) rice exported in Eastern Asia amounted to X tons, lowering by -X% against the previous year. In general, milled rice exports continue to indicate a perceptible setback. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, milled rice exports reached their maximum at X tons in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, milled rice exports stood at $X in 2018. Overall, milled rice exports continue to indicate a pronounced descent. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. In that year, milled rice exports reached their peak of $X, and then declined slightly in the following year.

Exports by Country

China prevails in milled rice exports structure, finishing at X tons, which was near X% of total exports in 2018. Japan (X tons), China, Hong Kong SAR (X tons) and South Korea (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to milled rice exports from China stood at -X%. At the same time, South Korea (+X%), China, Hong Kong SAR (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +X% from 2007-2018. From 2007 to 2018, the share of Japan and South Korea increased by +X% and +X% percentage points, while China (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest milled rice supplier in Eastern Asia, comprising X% of total milled rice exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports. It was followed by China, Hong Kong SAR, with a X% share.

In China, milled rice exports declined by an average annual rate of -X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Japan (+X% per year) and China, Hong Kong SAR (+X% per year).

Export Prices by Country

In 2018, the milled rice export price in Eastern Asia amounted to $X per ton, lowering by -X% against the previous year. Overall, the milled rice export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the export price increased by X% y-o-y. Over the period under review, the export prices for semi-milled or wholly milled (bleached) rice attained their peak figure at $X per ton in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was China, Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced mixed trends in the export price figures.

Milled Rice Imports

Imports in Eastern Asia

In 2018, the imports of semi-milled or wholly milled (bleached) rice in Eastern Asia amounted to X tons, coming down by -X% against the previous year. Overall, milled rice imports, however, continue to indicate a perceptible expansion. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Over the period under review, milled rice imports attained their peak figure at X tons in 2016; however, from 2017 to 2018, imports remained at a lower figure.

In value terms, milled rice imports totaled $X in 2018. Over the period under review, milled rice imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2009 when imports increased by X% against the previous year. The level of imports peaked at $X in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

Imports by Country

China (X tons) and Japan (X tons) represented roughly X% of total imports of semi-milled or wholly milled (bleached) rice in 2018. It was distantly followed by China, Hong Kong SAR (X tons), generating a X% share of total imports. Taiwan, Chinese (X tons), Democratic People's Republic of Korea (X tons) and South Korea (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and China, Hong Kong SAR ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports.

In terms of the main importing countries, China recorded the highest growth rate of market size, over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

The milled rice import price in Eastern Asia stood at $X per ton in 2018, picking up by X% against the previous year. The import price indicated a measured expansion 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, milled rice import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, the import prices for semi-milled or wholly milled (bleached) rice attained their maximum at $X per ton in 2009; however, from 2010 to 2018, import prices failed to regain their momentum.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in China, Hong Kong SAR ($X per ton) and South Korea ($X per ton), while China ($X per ton) and Democratic People's Republic of Korea ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea, while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform