Milled rice and broken rice market in Asia

Earlier Report Observations

The Asian market for milled and broken rice experienced notable fluctuations in volume between 2018 and 2023. Starting at 414.5 million tons in 2018, the market contracted significantly to 401.7 million tons in 2019 before recovering to 409.2 million tons in 2020. It then reached a high of 418.7 million tons in 2021, dipped again to 410.6 million tons in 2022, and finished the period at a peak of 423.6 million tons in 2023.

These movements were closely tied to changes in regional production and trade. Domestic output fell from 419.7 million tons in 2018 to 409.3 million tons in 2019, contributing to the market decline that year. Production subsequently recovered and grew to 427.8 million tons by 2023. Concurrently, imports varied from a low of 7.5 million tons in 2019 to a high of 13.2 million tons in 2021, while exports remained relatively stable, ranging between 14.8 and 17.5 million tons over the period.

The market's highest volume in 2023 was supported by strong production of 427.8 million tons and imports of 10.6 million tons, coupled with a lower export volume of 14.8 million tons. Over the entire six-year span, the net result was a market expansion of 9.1 million tons from the 2018 level.

Production milled rice and broken rice in Asia

In kind, 2017-2020, M t

Top producers of milled rice and broken rice, 2017-2020

World map of production of milled rice and broken rice, 2017-2020

In 2019, Asia's production of milled rice and broken rice reached its lowest point at 409.3 million tonnes, marking a 2.5% decline from the previous year. Production then rebounded in 2020 to 415.2 million tonnes, showing a modest increase of 1.4%. The peak was recorded in 2018 at 419.7 million tonnes, which represented a 2.0% growth over 2017.

Annual dynamics of production in Asia in kind, 2017-2020, M t

In value, 2017-2020, B $ US

Asia's milled rice and broken rice production value has declined for two consecutive years. In 2020, the output was valued at 270.2 billion US dollars, reflecting a slight decrease of 0.8% compared to 2019. Over the 2017-2020 period, production value fell by 7.5%, with a compound annual growth rate of -2.6%. The highest value was recorded in 2018 at 302.6 billion US dollars, which was a 3.6% increase from 2017. The most significant drop occurred in 2019, with a 10.0% decline.

Annual dynamics of production in Asia in value, 2017-2020, B $ US

Exports milled rice and broken rice from Asia

Exports in kind, K t

In 2019, Asia's exports of milled rice and broken rice hit their lowest point at 15 151 thousand tonnes, representing an 8.0% decrease from the previous year. Exports then recovered slightly in 2020 to 15 487 thousand tonnes, showing a 2.2% increase. The peak was recorded in 2018 at 16 476 thousand tonnes, which marked a 6.5% rise over 2017.

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

An analysis of export volumes from 2017 to 2020 reveals a wide distribution across numerous markets. Benin accounted for 6.5% of exports, Côte d'Ivoire for 4.5%, and South Africa for 3.5%. Together, these three countries represented just 14.6% of total flows, with the remaining 85.4% going to other trading partners.

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

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

Exports in value, M $ US

Asia's milled rice and broken rice export value has declined for two consecutive years. In 2020, exports reached 10 079 million US dollars, showing minimal change from the previous year. Over the 2017-2020 period, export value decreased by 8.2%, with a compound annual growth rate of -2.8%. The highest value was recorded in 2018 at 11 880 million US dollars, which was an 8.2% increase from 2017. The most significant drop occurred in 2019, with a 15.1% decline.

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

From 2017 to 2020, Asia's milled rice and broken rice exports in value terms were distributed across a large number of markets. Benin accounted for 5.1% of export value, the United States for 4.5%, and Côte d'Ivoire for 3.7%. Collectively, these three countries represented only 13.2% of total flows.

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

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

Imports milled rice and broken rice to Asia

Imports in kind, K t

In 2019, Asia's imports of milled rice and broken rice reached their lowest point at 7 516 thousand tonnes, marking a substantial 33.4% decrease from the previous year. Imports then surged in 2020 to 9 467 thousand tonnes, showing a significant 26.0% increase. Over the 2017-2020 period, imports grew by 5.3%, equating to an annualized rate of 1.7%. The peak was recorded in 2018 at 11 280 thousand tonnes.

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

Throughout the 2017-2020 period, the United States accounted for 4.1% of Asia's import volume, Uruguay for 0.7%, and Australia for 0.6%. Together, these three countries represented 5.4% of total import flows.

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

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

Imports in value, M $ US

Asia's milled rice and broken rice import value has declined for two consecutive years. In 2020, imports totaled 10 400 million US dollars, reflecting a slight decrease of 1.8% compared to 2019. The highest value was recorded in 2018 at 11 851 million US dollars, which was a 14.4% increase from 2017. The most significant drop occurred in 2019, with a 10.6% decline.

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

From 2017 to 2020, the United States accounted for 5.3% of Asia's import value, Australia for 0.9%, and Uruguay for 0.5%. Collectively, these three countries represented 6.8% of total import flows.

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

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