Broken rice market in Guinea

Earlier Report Observations

The broken rice market in Guinea began the period with a significant reduction in total volume, falling from 159.4 thousand tons in 2018 to 120.9 thousand tons in 2020. This contraction was primarily driven by a sharp drop in imports, which plummeted from 59.4 thousand tons to 16.2 thousand tons over those two years, as inflation and the depreciation of the Guinean franc made imported rice more expensive. During the same time, domestic production saw initial growth supported by the launch of the AgriFARM project and the modernization of the local processing sector through an increase in privately-owned rice hullers.

From 2021, the market entered a recovery phase, with the total volume reaching 139.9 thousand tons by 2023. This expansion was fueled by continued strengthening of domestic production, underpinned by the mid-term review and ongoing actions of the AgriFARM project. By 2023, Guinea had become the second-largest rice producer in West Africa, meeting over 65% of national consumption. Government measures, including tax and customs exemptions on rice and a memorandum with the private sector to guarantee supplies, helped stabilize the market and support consumption growth despite fluctuating import levels.

Production broken rice in Guinea

In kind, 2017-2020, K t

Guinea was among the world's leading producers of broken rice from 2017 to 2020, ranking 24th globally by production volume.

Top producers of broken rice, 2017-2020

World map of production of broken rice, 2017-2020

In 2020, Guinea produced 104.6 K t of broken rice, showing little change from the previous year. Over the 2017-2020 period, production grew by 4.6%, with a compound annual growth rate of 1.5%. The highest production level was recorded in 2019 at 105.1 K t, which also saw the largest annual increase of 5.1%.

Annual dynamics of production in Guinea in kind, 2017-2020, K t

Exports broken rice from Guinea

Exports in kind, t

The market exhibited significant volatility during the observed period. Export volumes reached their lowest point in 2019 and peaked in 2020, with a dramatic 1 496-fold difference between these years. In 2020, Guinea's exports of broken rice totaled 9 t, representing an extraordinary increase of 149 547.9% compared to 2019. The minimum value was recorded in 2019 at 0.0 t, which also saw the largest decline of 97.7%.

Annual dynamics of product's exports from Guinea in kind, 2017-2020, t

From 2017 to 2020, Mali remained the overwhelmingly dominant buyer of broken rice from Guinea, accounting for 97.1% of total exports in volume terms.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Guinea in kind, 2017-2020

Exports in value, K $ US

Market behavior was characterized by volatility during these years. Export values hit their lowest point in 2019 and reached their peak in 2020, showing a 228-fold amplitude. In 2020, broken rice exports from Guinea amounted to 3 K $ US, marking a sharp increase of 22 652.8% compared to 2019. The minimum value was recorded in 2019 at 0.0 K $ US, which also experienced the largest decline of 67.0%.

Annual dynamics of product's exports from Guinea in value, 2017-2020, K $ US

Throughout 2017-2020, Mali was the key and almost exclusive market for Guinea's broken rice exports in value terms, accounting for 98.3% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Guinea in value, 2017-2020

Imports broken rice to Guinea

Imports in kind, t

Broken rice imports into Guinea declined for the second consecutive year. In 2020, imports totaled 16 232 t, down by 29.5% year-over-year. Over the 2017-2020 period, imports decreased by 62.5%, with a compound annual decline rate of 27.9%. The maximum import volume was recorded in 2018 at 59 369 t, which also saw the largest annual increase of 37.1%. The largest decline occurred in 2019 at 61.2%.

Annual dynamics of product's imports to Guinea in kind, 2017-2020, t

From 2017 to 2020, Myanmar (60.6% of imports in volume), Thailand (18.5%), and India (17.6%) formed the key group of partners for broken rice imports into Guinea, jointly representing 96.6% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Guinea in kind, 2017-2020

Imports in value, K $ US

Broken rice deliveries to Guinea declined for the second consecutive year. In 2020, imports amounted to 6 443 K $ US, showing a modest decrease of 7.6% from 2019. Over the 2017-2020 period, imports fell by 50.9%, with a compound annual decline rate of 21.1%. The maximum value was recorded in 2018 at 20 420 K $ US, which also experienced the largest annual increase of 55.5%. The largest decline occurred in 2019 at 65.8%.

Annual dynamics of product's imports to Guinea in value, 2017-2020, K $ US

During 2017-2020, Myanmar (54.5% of imports in value terms), Thailand (23.7%), and India (18.4%) were the main suppliers of broken rice to Guinea, together comprising 96.7% of total imports in value terms.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Guinea in value, 2017-2020