Fiji: Rice Market 2020

Rice Exports

Exports from Fiji

In 2018, the exports of rice from Fiji amounted to X tons, increasing by X% against the previous year. Over the period under review, rice exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Exports peaked at X tons in 2015; however, from 2016 to 2018, exports failed to regain their momentum.

In value terms, rice exports amounted to $X in 2018. Over the period under review, rice exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Exports peaked at $X in 2015; however, from 2016 to 2018, exports remained at a lower figure.

Exports by Country

Tuvalu (X tons) was the main destination for rice exports from Fiji, accounting for a X% share of total exports. Moreover, rice exports to Tuvalu exceeded the volume sent to the second major destination, New Zealand (X tons), fourfold. Cook Islands (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Tuvalu stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+X% per year) and Cook Islands (+X% per year).

In value terms, Tuvalu ($X) remains the key foreign market for rice exports from Fiji, comprising X% of total rice exports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total exports. It was followed by Cook Islands, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Tuvalu totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+X% per year) and Cook Islands (+X% per year).

Export Prices by Country

The average rice export price stood at $X per ton in 2018, rising by X% against the previous year. Over the period under review, the export price indicated prominent 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 most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Over the period under review, the average export prices for rice reached their maximum in 2018 and is expected to retain its growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Tuvalu ($X per ton), while the average price for exports to Christmas Island ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Tuvalu, while the prices for the other major destinations experienced more modest paces of growth.

Rice Imports

Imports into Fiji

In 2018, approx. X tons of rice were imported into Fiji; increasing by X% against the previous year. In general, the total imports indicated a measured expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, rice imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, rice imports reached their maximum at X tons in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, rice imports totaled $X in 2018. In general, the total imports indicated a tangible 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 imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. In that year, rice imports attained their peak of $X. From 2009 to 2018, the growth of rice imports remained at a lower figure.

Imports by Country

In 2018, Vietnam (X tons) constituted the largest supplier of rice to Fiji, with a X% share of total imports. Moreover, rice imports from Vietnam exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. Australia (X tons) ranked third in terms of total imports with a X% share.

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

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

From 2007 to 2018, the average annual rate of growth in terms of value from Vietnam stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-X% per year) and Australia (-X% per year).

Import Prices by Country

In 2018, the average rice import price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. In that year, the average import prices for rice attained their peak level of $X per ton. From 2012 to 2018, the growth in terms of the average import prices for rice failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform