Pakistan: Paddy Rice Market 2024

Paddy Rice Market Size in Pakistan

After three years of growth, the Pakistani paddy rice market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Paddy rice consumption peaked at $X in 2021, and then reduced modestly in the following year.

Paddy Rice Production in Pakistan

In value terms, paddy rice production rose significantly to $X in 2022 estimated in export price. Overall, production showed a deep contraction. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Paddy rice production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The average yield of paddy rice in Pakistan contracted modestly to X tons per ha in 2022, which is down by X% compared with 2021 figures. In general, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the average paddy rice yield hit record highs at X tons per ha in 2021, and then fell 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.

The paddy rice harvested area in Pakistan dropped slightly to X ha in 2022, declining by X% against the previous year. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to paddy rice production attained the maximum at X ha in 2021, and then reduced in the following year.

Paddy Rice Exports

Exports from Pakistan

In 2022, approx. X tons of paddy rice were exported from Pakistan; with a decrease of X% against the previous year. Over the period under review, exports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, paddy rice exports dropped markedly to $X in 2022. In general, exports, however, saw a moderate increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for paddy rice exports from Pakistan, with a X% share of total exports. Moreover, paddy rice exports to the United Arab Emirates exceeded the volume sent to the second major destination, Kenya (X tons), fourfold. Oman (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (X% per year) and Oman (X% per year).

In value terms, the United Arab Emirates ($X), Kenya ($X) and Somalia ($X) constituted the largest markets for paddy rice exported from Pakistan worldwide, together comprising X% of total exports. These countries were followed by Oman, which accounted for a further X%.

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

Export Prices by Country

The average paddy rice export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price recorded a abrupt setback. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Somalia ($X per ton), while the average price for exports to the United Arab Emirates ($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 Oman (X%), while the prices for the other major destinations experienced mixed trend patterns.

Paddy Rice Imports

Imports into Pakistan

In 2022, supplies from abroad of paddy rice increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, paddy rice imports contracted to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of paddy rice to Pakistan, accounting for a X% share of total imports. It was followed by Bangladesh (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Myanmar (X% per year).

In value terms, China ($X) constituted the largest supplier of paddy rice to Pakistan, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Myanmar (X% per year).

Import Prices by Country

In 2022, the average paddy rice import price amounted to $X per ton, waning by X% against the previous year. In general, the import price, however, continues to indicate slight growth. The growth pace was the most rapid in 2014 an increase of X%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bangladesh ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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