U.S. - Rice - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRice Price in the United States - 2023
Contents:
- Rice Price in the United States (FOB) - 2023
- Rice Price in the United States (CIF) - 2023
- Rice Exports in the United States
- Rice Imports in the United States
Rice Price in the United States (FOB) - 2023
The average rice export price stood at $764 per ton in September 2023, shrinking by -19.7% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 25% month-to-month. Over the period under review, the average export prices hit record highs at $1,022 per ton in July 2023; however, from August 2023 to September 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Japan ($1,672 per ton), while the average price for exports to Guatemala ($410 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Rice Price in the United States (CIF) - 2023
The average rice import price stood at $913 per ton in September 2023, which is down by -13.9% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in October 2022 when the average import price increased by 33% against the previous month. Over the period under review, average import prices hit record highs at $1,086 per ton in November 2022; however, from December 2022 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($2,226 per ton), while the price for Brazil ($433 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Rice Exports in the United States
In 2022, exports of rice from the United States dropped remarkably to 2.5M tons, which is down by -26.5% on 2021 figures. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 2.6% against the previous year.
In value terms, rice exports dropped to $1.7B in 2022. Over the period under review, exports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 2.7%. As a result, the exports attained the peak of $1.9B, and then dropped in the following year.
| Export of Rice in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 275 | 261 | 289 | 293 | 2.1% |
| Canada | 204 | 203 | 208 | 242 | 5.9% |
| Haiti | 207 | 245 | 224 | 232 | 3.9% |
| Mexico | 275 | 245 | 306 | 219 | -7.3% |
| South Korea | 135 | 153 | 132 | 119 | -4.1% |
| Colombia | 49.2 | 65.3 | 6.5 | 71.5 | 13.3% |
| Saudi Arabia | 96.8 | 106 | 85.7 | 68.0 | -11.1% |
| Iraq | 71.7 | N/A | 45.8 | 59.3 | -6.1% |
| Nicaragua | 43.6 | 33.2 | 43.6 | 50.8 | 5.2% |
| Honduras | 46.6 | 46.1 | 53.2 | 42.2 | -3.3% |
| Guatemala | 34.1 | 27.5 | 40.1 | 41.8 | 7.0% |
| Panama | 17.7 | 10.8 | 13.1 | 28.1 | 16.7% |
| Jordan | 75.9 | 73.2 | 64.3 | 20.9 | -34.9% |
| Others | 344 | 409 | 416 | 216 | -14.4% |
| Total | 1,877 | 1,878 | 1,928 | 1,704 | -3.2% |
Top Export Markets for Rice from the United States in 2022:
- Mexico (421.1K tons)
- Haiti (384.2K tons)
- Canada (260.2K tons)
- Japan (243.7K tons)
- Colombia (164.6K tons)
- Honduras (130.1K tons)
- Guatemala (117.4K tons)
- Nicaragua (116.8K tons)
- South Korea (98.7K tons)
- Iraq (88.0K tons)
- Saudi Arabia (74.5K tons)
- Panama (65.3K tons)
- Jordan (21.7K tons)
Rice Imports in the United States
In 2022, imports of rice into the United States skyrocketed to 1.3M tons, growing by 35% on the previous year. The total import volume increased at an average annual rate of +10.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, rice imports skyrocketed to $1.2B in 2022. The total import value increased at an average annual rate of +2.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.
| Import of Rice in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 679 | 694 | 501 | 625 | -2.7% |
| India | 243 | 279 | 205 | 299 | 7.2% |
| Pakistan | 40.8 | 55.2 | 33.9 | 38.0 | -2.3% |
| China | 23.6 | 24.3 | 24.1 | 33.0 | 11.8% |
| Australia | 0.2 | 0.4 | 0.2 | 24.0 | 393.2% |
| Brazil | 20.9 | 39.1 | 18.8 | 21.6 | 1.1% |
| Vietnam | 12.7 | 13.8 | 12.2 | 18.6 | 13.6% |
| Others | 65.8 | 80.9 | 81.2 | 98.6 | 14.4% |
| Total | 1,086 | 1,187 | 876 | 1,158 | 2.2% |
Top Suppliers of Rice to the United States in 2022:
- Thailand (751.3K tons)
- India (274.0K tons)
- China (86.0K tons)
- Brazil (43.5K tons)
- Pakistan (25.0K tons)
- Vietnam (24.2K tons)
- Australia (21.2K tons)
This report provides an in-depth analysis of the rice market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
-
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
-
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
-
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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In July 2022, the rice price per ton stood at $812, growing by 9.8% against the previous month.
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In May 2022, the rice price per ton amounted to $856 per ton (CIF, US), dropping by -7.5% against the previous month.
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The U.S. took the fifth spot in global semi- or wholly milled rice exports with a X% share (based on USD), behind India (X%), Thailand (X%), Vietnam (X%) and Pakistan (X%).
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Explore the top import markets for rice and discover key statistics and insights. Learn about the countries with the highest import value for rice, including China, the Philippines, Iran, and more.
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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.
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Over 2020-2021 period, the global rice market displayed robust production indicators. Despite a pronounced shortage of shipping containers threatening to disrupt supplies to Africa, the global rice export market continues to expand. India maintains its status as the largest exporter, boasting the most competitive rice export prices.
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