Thailand: Milled Rice Market 2020

Milled Rice Market Size in Thailand

The revenue of the milled rice market in Thailand amounted to $X in 2018, reducing by -X% against the previous year. In general, milled rice consumption continues to indicate a mild expansion. The pace of growth was the most pronounced in 2017 when the market value increased by X% year-to-year. Over the period under review, the milled rice market attained its peak figure level at $X in 2012; however, from 2013 to 2018, consumption stood at a somewhat lower figure.

Milled Rice Production in Thailand

In value terms, milled rice production amounted to $X in 2018 estimated in export prices. In general, the total output indicated perceptible growth from 2007 to 2018: its value 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, milled rice production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when production volume increased by X% y-o-y. Milled rice production peaked at $X in 2012; however, from 2013 to 2018, production stood at a somewhat lower figure.

Average yield of milled rice in Thailand stood at X ton per ha in 2018, remaining relatively unchanged against the previous year. Over the period under review, the milled rice yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when yield increased by X% y-o-y. Milled rice yield peaked at X ton per ha in 2011; however, from 2012 to 2018, yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the harvested area of milled rice in Thailand totaled X ha, flattening at the previous year. In general, the milled rice harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when harvested area increased by X% y-o-y. Milled rice harvested area peaked at X ha in 2012; however, from 2013 to 2018, harvested area remained at a lower figure.

Milled Rice Exports

Exports from Thailand

Milled rice exports from Thailand totaled X tons in 2018, surging by X% against the previous year. Over the period under review, the total exports indicated slight growth from 2007 to 2018: its volume 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. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. In that year, milled rice exports reached their peak of X tons. From 2015 to 2018, the growth of milled rice exports failed to regain its momentum.

In value terms, milled rice exports stood at $X in 2018. In general, the total exports indicated a remarkable expansion from 2007 to 2018: its value 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. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Exports peaked at $X in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

Exports by Country

Benin (X tons), Iraq (X tons) and China (X tons) were the main destinations of milled rice exports from Thailand, together accounting for X% of total exports. Indonesia, South Africa, Cote d'Ivoire, the U.S., Malaysia, Cameroon, Angola, Mozambique and Senegal lagged somewhat behind, together accounting for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Mozambique, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for milled rice exported from Thailand were Benin ($X), the U.S. ($X) and China ($X), together comprising X% of total exports. These countries were followed by Indonesia, South Africa, Malaysia, Angola, Cote d'Ivoire, Cameroon, Mozambique, Senegal and Iraq, which together accounted for a further X terms of the main countries of destination, Cameroon recorded the highest rates of growth with regard to market size, over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average milled rice export price stood at $X per ton in 2018, reducing by -X% against the previous year. In general, the export price indicated a temperate expansion from 2007 to 2018: its price 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, milled rice export price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per ton), while the average price for exports to Iraq ($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 the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Milled Rice Imports

Imports into Thailand

In 2018, the milled rice imports into Thailand amounted to X tons, going up by X% against the previous year. Overall, milled rice imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. Over the period under review, milled rice imports attained their peak figure at X tons in 2015; however, from 2016 to 2018, imports remained at a lower figure.

In value terms, milled rice imports totaled $X in 2018. Overall, milled rice imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, milled rice imports reached their maximum at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Niger (X tons) constituted the largest milled rice supplier to Thailand, with a X% share of total imports. Moreover, milled rice imports from Niger exceeded the figures recorded by the second-largest supplier, Australia (X tons), eightfold. Myanmar (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 Niger amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and Myanmar (-X% per year).

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

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

Import Prices by Country

The average milled rice import price stood at $X per ton in 2018, picking up by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. In that year, the average import prices for milled rice attained their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was India ($X per ton), while the price for Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform