Global Paddy Rice Market 2024

Paddy Rice Market Size

The global paddy rice market stood at $X.3B in 2022, approximately equating the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the global market reached the maximum level at $X.4B in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Paddy Rice Production

In value terms, paddy rice production stood at $X.8B in 2022 estimated in export price. Overall, production, however, showed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Global production peaked at $X.5B in 2020; however, from 2021 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were China (X tons), India (X tons) and Bangladesh (X tons), together comprising X% of global production. Indonesia, Vietnam, Thailand, Myanmar, the Philippines and Pakistan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of X%), while production for the other global leaders experienced more modest paces of growth.

In 2022, the global average yield of paddy rice reduced modestly to X tons per ha, leveling off at the previous year. Overall, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the yield increased by X%. The global yield peaked at X tons per ha in 2021, and then reduced 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 global paddy rice harvested area declined slightly to X ha in 2022, flattening at the previous year. Over the period under review, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The global harvested area peaked at X ha in 2021, and then shrank modestly in the following year.

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Paddy Rice Exports

Exports

Global paddy rice exports stood at X tons in 2022, surging by X% compared with 2021 figures. The total export volume 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 in certain years. The pace of growth was the most pronounced in 2018 when exports increased by X%. The global exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, paddy rice exports rose significantly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, the United States (X tons) and Brazil (X tons) were the main exporters of paddy ricein the world, together committing X% of total exports. India (X tons) ranks next in terms of the total exports with a X% share, followed by Uruguay (X%). The following exporters - Paraguay (X tons) and Guyana (X tons) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Brazil (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest paddy rice supplying countries worldwide were the United States ($X), Brazil ($X) and India ($X), together comprising X% of global exports.

Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average paddy rice export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Guyana ($X per ton) and the United States ($X per ton), while Paraguay ($X per ton) and Uruguay ($X per ton) were 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 other global leaders experienced a decline in the export price figures.

Paddy Rice Imports

Imports

In 2022, after two years of growth, there was significant decline in purchases abroad of paddy rice, when their volume decreased by X% to X tons. In general, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, global imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, paddy rice imports reduced slightly to $X in 2022. Over the period under review, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, global imports reached the maximum at $X in 2021, and then shrank modestly in the following year.

Imports by Country

The countries with the highest levels of paddy rice imports in 2022 were Vietnam (X tons), Nepal (X tons), Mexico (X tons) and Venezuela (X tons), together reaching X% of total import. Costa Rica (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Honduras (X%). Guatemala (X tons), Colombia (X tons), Nicaragua (X tons), El Salvador (X tons), Libya (X tons), Yemen (X tons) and the Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported paddy rice worldwide, comprising X% of global imports. The second position in the ranking was held by Mexico ($X), with an X% share of global imports. It was followed by Nepal, with a X% share.

In Vietnam, paddy rice imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Nepal (X% per year).

Import Prices by Country

The average paddy rice import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Libya ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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