Market Size of China Rice Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.70 % |
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China Rice Market Analysis
The Chinese rice market is projected to register a CAGR of 2.7% during the forecast period.
- The rice yield in China increased from 6.9 metric tons/ha in 2016 to 7.1 metric tons/ha in 2021, owing to the widespread adaptation of improved rice varieties, nutrient management, and cultivation methods.
- The demand for specialized rice varieties, such as aromatic rice and long-grain rice, is steadily driving the market. The government is also undertaking a number of efforts for the production of rice and related industries, which is boosting the China rice market.
- According to Food and Agriculture Organization (FAO), China produced about 214.4 million metric tons of rice in 2021, with the area harvested being 30.4 million ha. The country has dominated production over the ages and continues to do so. All rice cultivation is highly labor-intensive.
- Rice is an annual crop typically grown under flooded conditions through bunds to keep water in the field. China's climate is highly favorable for paddy cultivation, hence, the widespread production.
- Broken rice has accounted for about 50% of China's rice imports, primarily from India and Burma, for feed, liquor, and snack production. Between January and July of 2022, China imported 2.6 million metric tons of Indian rice, 2.5 million of which was broken rice. Rice farms are mainly located in Central China (in the provinces of Jiangsu, Anhui, Hubei, and Sichuan along the Yangtze River Valley), accounting for about 49% of total Chinese rice production (National Bureau of Statistics of China).
