China - Paddy Rice - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPaddy Rice Price in China - 2023
Contents:
- Paddy Rice Price in China (FOB) - 2023
- Paddy Rice Price in China (CIF) - 2022
- Paddy Rice Exports in China
- Paddy Rice Imports in China
Paddy Rice Price in China (FOB) - 2023
The average paddy rice export price stood at $3,813 per ton in June 2023, rising by 3.4% against the previous month. Over the period under review, the export price, however, recorded a mild slump. The pace of growth was the most pronounced in September 2022 when the average export price increased by 25% against the previous month. The export price peaked at $4,705 per ton in July 2022; however, from August 2022 to June 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In June 2023, the country with the highest price was the Philippines ($3,866 per ton), while the average price for exports to Pakistan totaled $3,755 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-0.7%), while the prices for the other major destinations experienced a decline.
Paddy Rice Price in China (CIF) - 2022
In 2022, the average paddy rice import price amounted to $394 per ton, flattening at the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paddy rice import price decreased by -1.3% against 2020 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 72% against the previous year. As a result, import price reached the peak level of $400 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Myanmar.
From 2012 to 2022, the rate of growth in terms of prices for Lao People's Democratic Republic amounted to +0.6% per year.
Paddy Rice Exports in China
In 2022, after three years of growth, there was significant decline in shipments abroad of paddy rice, when their volume decreased by -8.4% to 23K tons. The total export volume increased at an average annual rate of +9.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 30%.
In value terms, paddy rice exports fell to $88M in 2022. The total export value increased at an average annual rate of +11.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 31%.
| Export of Paddy Rice in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 37.9 | 31.9 | 37.9 | 45.6 | 6.4% |
| Philippines | 7.7 | 30.1 | 39.2 | 25.0 | 48.1% |
| Vietnam | 12.8 | 13.0 | 13.1 | 12.3 | -1.3% |
| Bangladesh | 2.9 | 1.8 | 2.8 | 3.6 | 7.5% |
| Others | 1.8 | 5.9 | 2.0 | 1.6 | -3.9% |
| Total | 63.1 | 82.7 | 95.1 | 88.1 | 11.8% |
Top Export Markets for Paddy Rice from China in 2022:
- Pakistan (12.2K tons)
- Philippines (6.6K tons)
- Vietnam (3.2K tons)
- Bangladesh (0.6K tons)
Paddy Rice Imports in China
In 2022, purchases abroad of paddy rice increased by 8.8% to 14K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a dramatic shrinkage.
In value terms, paddy rice imports rose rapidly to $5.5M in 2022. In general, imports, however, recorded a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 31%. As a result, imports attained the peak of $11M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Paddy Rice in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | 10.8 | 4.9 | 5.4 | -29.3% |
| Russia | 2.3 | 0.1 | N/A | N/A | -95.7% |
| Lao People's Democratic Republic | 5.7 | N/A | N/A | N/A | 0% |
| Others | 0.4 | 0.2 | 0.2 | 0.1 | -37.0% |
| Total | 8.4 | 11.0 | 5.1 | 5.5 | -13.2% |
Top Suppliers of Paddy Rice to China in 2022:
- Myanmar (13.8K tons)
This report provides an in-depth analysis of the paddy rice market in China. 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 2030.
Product coverage:
- FCL 27 - Rice, paddy
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This year, rice prices are forecast to ease, thanks primarily to rising production and exports from India, Thailand, Vietnam, China, and Pakistan. India dominates global trade, more than doubling its supplies at a competitive cost over the past two years.
