India: Paddy Rice Market 2024

Paddy Rice Market Size in India

In 2022, after four years of growth, there was decline in the Indian paddy rice market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Paddy rice consumption peaked at $X in 2021, and then shrank in the following year.

Paddy Rice Production in India

In value terms, paddy rice production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

In 2022, the average paddy rice yield in India fell slightly to X tons per ha, standing approx. at 2021 figures. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the average paddy rice yield reached the peak level at X tons per ha in 2021, and then declined in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of paddy rice were harvested in India; flattening at the previous year. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to paddy rice production attained the maximum at X ha in 2021, and then dropped modestly in the following year.

Paddy Rice Exports

Exports from India

In 2022, shipments abroad of paddy rice decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by X%. The exports peaked at X tons in 2021, and then plummeted in the following year.

In value terms, paddy rice exports dropped significantly to $X in 2022. In general, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then fell rapidly in the following year.

Exports by Country

Nepal (X tons) was the main destination for paddy rice exports from India, with a X% share of total exports. It was followed by the Philippines (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nepal stood at X%.

In value terms, Nepal ($X) remains the key foreign market for paddy rice exports from India, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Nepal stood at X%.

Export Prices by Country

In 2022, the average paddy rice export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Nepal totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%).

Paddy Rice Imports

Imports into India

Paddy rice imports into India dropped rapidly to X tons in 2022, shrinking by X% on the previous year's figure. In general, imports, however, showed pronounced growth. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped notably in the following year.

In value terms, paddy rice imports reduced dramatically to $X in 2022. Overall, imports, however, showed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then fell significantly in the following year.

Imports by Country

In 2022, the Philippines (X tons) constituted the largest paddy rice supplier to India, with a X% share of total imports. Moreover, paddy rice imports from the Philippines exceeded the figures recorded by the second-largest supplier, the United States (X kg), more than tenfold. Indonesia (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Philippines totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Indonesia (X% per year).

In value terms, the largest paddy rice suppliers to India were the Philippines ($X), the United States ($X) and Indonesia ($X), with a combined X% share of total imports.

The Philippines, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average paddy rice import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price recorded prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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