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U.S. - Rice - Market Analysis, Forecast, Size, Trends And Insights
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U.S.: Rice Market Overview 2021

Rice Market Size in the U.S.

The U.S. rice market skyrocketed to $X in 2020, surging by X% against the previous year. Over the period under review, the total consumption indicated a noticeable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Rice consumption peaked at $X in 2009; however, from 2010 to 2020, consumption failed to regain the momentum.

Rice Production in the U.S.

In value terms, rice production rose markedly to $X in 2020. Overall, the total production indicated a perceptible expansion from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Rice production peaked at $X in 2009; however, from 2010 to 2020, production failed to regain the momentum.

In 2020, the average rice yield in the U.S. was estimated at X tonnes per ha, remaining constant against 2019. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the yield increased by X% year-to-year. As a result, the yield reached the peak level of X tonnes per ha. from 2011 to 2020, the growth of the average rice yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the rice harvested area in the U.S. fell slightly to X ha, remaining relatively unchanged against the year before. Over the period under review, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to rice production attained the peak figure at X ha in 2009; however, from 2010 to 2020, the harvested area stood at a somewhat lower figure.

Rice Exports

Exports from the U.S.

Rice exports from the U.S. contracted to X tonnes in 2020, waning by -X% compared with 2019 figures. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. As a result, exports reached the peak of X tonnes. from 2011 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, rice exports amounted to $X in 2020. The total export value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Exports peaked at $X in 2010; however, from 2011 to 2020, exports failed to regain the momentum.

Exports by Country

Mexico (X tonnes), Haiti (X tonnes) and Japan (X tonnes) were the main destinations of rice exports from the U.S., with a combined X% share of total exports. These countries were followed by Canada, South Korea, Colombia, Honduras, Saudi Arabia, Nicaragua, Venezuela, Jordan, Guatemala and El Salvador, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia, while exports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Mexico ($X) and Haiti ($X) appeared to be the largest markets for rice exported from the U.S. worldwide, together comprising X% of total exports. These countries were followed by Canada, South Korea, Saudi Arabia, Jordan, Colombia, Honduras, Nicaragua, Venezuela, Guatemala and El Salvador, which together accounted for a further X recorded the highest rates of growth with regard to 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 2020, the average rice export price amounted to $X per tonne, picking up by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the maximum at $X per tonne in 2009; however, from 2010 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Saudi Arabia ($X per tonne), while the average price for exports to El Salvador ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced more modest paces of growth.

Rice Imports

Imports into the U.S.

In 2020, the amount of rice imported into the U.S. skyrocketed to X tonnes, with an increase of X% on the previous year. Over the period under review, total imports indicated noticeable growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2016 indices. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the near future.

In value terms, rice imports surged to $X in 2020. Overall, imports recorded strong growth. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in years to come.

Imports by Country

In 2020, Thailand (X tonnes) constituted the largest supplier of rice to the U.S., accounting for a X% share of total imports. Moreover, rice imports from Thailand exceeded the figures recorded by the second-largest supplier, India (X tonnes), twofold. Brazil (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Thailand stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Brazil (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value from Thailand amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Pakistan (+X% per year).

Import Prices by Country

In 2020, the average rice import price amounted to $X per tonne, rising by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per tonne in 2013; afterwards, it flattened through to 2020.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Pakistan ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rice in the world?
+
The countries with the highest volumes of rice consumption in 2020 were China (212M tonnes), India (166M tonnes) and Bangladesh (57M tonnes), with a combined 57% share of global consumption.
What are the largest producers of rice in the world?
+
The countries with the highest volumes of rice production in 2020 were China (212M tonnes), India (181M tonnes) and Bangladesh (56M tonnes), with a combined 58% share of global production.
What are the leading suppliers of rice to the U.S.?
+
In value terms, Thailand ($753M) constituted the largest supplier of rice to the U.S., comprising 59% of total imports. The second position in the ranking was occupied by India ($303M), with a 24% share of total imports. It was followed by Pakistan, with a 4.6% share.
What are the leading importers of rice from the U.S.?
+
In value terms, the largest markets for rice exported from the U.S. were Japan ($261M), Mexico ($245M) and Haiti ($245M), together comprising 40% of total exports. Canada, South Korea, Saudi Arabia, Jordan, Colombia, Honduras, Nicaragua, Venezuela, Guatemala and El Salvador lagged somewhat behind, together comprising a further 41%.
What is the average export price for rice in the U.S.?
+
The average rice export price stood at $589 per tonne in 2020, increasing by 14% against the previous year.
What is the average import price for rice in the U.S.?
+
The average rice import price stood at $1,081 per tonne in 2020, increasing by 13% against the previous year.

Product coverage:
• FCL 27 - Rice, paddy

This report provides an in-depth analysis of the rice market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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