Rice Trade Analysis - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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The Middle East & Africa account for nearly half of the total rice trade. The global rice consumption is dominated by the countries in the Asia-Pacific region, like China, India, Indonesia, Bangladesh, and Vietnam. Within rice varieties, Japonica rice accounts for the highest market share of the global rice trade (around 12%), followed by Basmati rice (around 10%). Global trade in glutinous rice has been increasing over the past 3 years. Rice import scenario is quite fragmented, with the top five importers accounting for only 30% of the global imports. 

Favorable Trade Policies

Rice has a critical role in food security, hence, it is politically sensitive and vulnerable to national government policy actions and private sector speculation almost all around the world. The international rice trade policies can be characterized by importing and exporting countries. While importing countries pursue market-stabilizing policies, exporting countries pursue policies to promote rice exports. Subsidies, credit guarantees, State-controlled trading monopolies, bans, or quotas on rice imports, etc., are among the many policy strategies implemented by nations to isolate their domestic markets from external competition and to boost exports. The government sets minimum support prices and provides input subsidies at the farm-level, coupled with policies on procurement, stocks, and distribution.

Thailand, Vietnam, India, Pakistan, and the US dominates the market in Exports

The top five rice exporters, Thailand, Vietnam, India, Pakistan, and the US, represent 85% of the overall trade in rice. In spite of current uncertainties with respect to the effect of Thailand’s plan and other rice approaches into the future, the country with its production resources and strong focus on quality and branding is expected to remain the best worldwide rice exporter over the forecast period. Slower rice trade development is normal for Vietnam and the US because of area limitations, the US also has irrigation constraints. The global net rice exports are anticipated to develop by 9.3 million metric ton over the forecast period.


Reasons to Purchase this Report

  • Identify the largest importing and exporting regions in the global rice trade analysis and their growth trends during the forecast period
  • Analyzing various dynamics of the trade market with the help of trade dynamics
  • To understand the regions that are expected to witness the fastest growth during the forecast period
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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