Asia-Pacific: Milled Rice Market 2020

Milled Rice Market Size in Asia-Pacific

In 2019, the Asia-Pacific milled rice market increased by X% to $X, rising for the third consecutive year after four years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level in 2019 and is likely to continue growth in years to come.

Milled Rice Production in Asia-Pacific

In value terms, milled rice production amounted to $X in 2019 estimated in export prices. The total production indicated a strong increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2008 when the production volume increased by X% year-to-year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2019, production remained at a lower figure.

The countries with the highest volumes of milled rice production in 2019 were China (X tons), India (X tons) and Indonesia (X tons), together comprising X% of total production.

From 2007 to 2019, the most notable rate of growth in terms of milled rice production, amongst the main producing countries, was attained by Indonesia, while milled rice production for the other leaders experienced more modest paces of growth.

The average milled rice yield stood at X tons per ha in 2019, approximately reflecting 2018 figures. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. The level of yield peaked in 2019 and is likely to see gradual growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The milled rice harvested area amounted to X ha in 2019, approximately mirroring 2018 figures. In general, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to milled rice production attained the maximum in 2019 and is likely to see steady growth in the immediate term.

Production By Country in Asia-Pacific

The countries with the highest volumes of milled rice production in 2019 were China (X tons), India (X tons) and Indonesia (X tons), together accounting for X% of total production.

From 2007 to 2019, the most notable rate of growth in terms of milled rice production, amongst the key producing countries, was attained by Indonesia, while milled rice production for the other leaders experienced more modest paces of growth.

Milled Rice Exports

Exports in Asia-Pacific

In 2019, exports of milled rice in Asia-Pacific reduced to X tons, dropping by -X% on the previous year's figure. The total export volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at X tons in 2014; however, from 2015 to 2019, exports failed to regain the momentum.

In value terms, milled rice exports totaled $X in 2019. Total exports indicated a strong increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. The level of export peaked at $X in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons) and India (X tons) represented roughly X% of total exports of milled rice in 2019. Pakistan (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by Vietnam (X%). The following exporters - Myanmar (X tons) and Cambodia (X tons) - together made up X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Cambodia, while exports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Thailand ($X) and Pakistan ($X) appeared to be the countries with the highest levels of exports in 2019, with a combined X% share of total exports. These countries were followed by Vietnam, Cambodia and Myanmar, which together accounted for a further X terms of the main exporting countries, Cambodia saw the highest growth rate of 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 milled rice export price in Asia-Pacific stood at $X per ton in 2019, with an increase of X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the export price increased by X% year-to-year. As a result, export price attained the peak level of $X per ton. From 2009 to 2019, the growth in terms of the export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Cambodia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Milled Rice Imports

Imports in Asia-Pacific

Milled rice imports expanded slightly to X tons in 2019, increasing by X% compared with 2018 figures. Total imports indicated a pronounced expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, imports hit record highs in 2019 and are likely to see steady growth in the near future.

In value terms, milled rice imports rose sharply to $X in 2019. Total imports indicated a remarkable increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2019 and are expected to retain growth in the near future.

Imports by Country

The purchases of the three major importers of milled rice, namely China, Indonesia and the Philippines, represented more than half of total import. Bangladesh (X tons) occupied a X% share (based on tons) of total imports, which put it in second place, followed by Malaysia (X%) and Japan (X%). Sri Lanka (X tons), Nepal (X tons), South Korea (X tons), Singapore (X tons), China, Hong Kong SAR (X tons) and Afghanistan (X tons) followed a long way behind the leaders.

From 2007 to 2019, the biggest increases were in China, while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Indonesia ($X) and the Philippines ($X) were the countries with the highest levels of imports in 2019, together accounting for X% of total imports.

China recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The milled rice import price in Asia-Pacific stood at $X per ton in 2019, picking up by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the import price increased by X% y-o-y. Over the period under review, import prices hit record highs at $X per ton in 2010; however, from 2011 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was China, Hong Kong SAR ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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