Milled rice and broken rice market in Eastern Asia

Earlier Report Observations

From 2018 to 2020, the production of milled rice and broken rice in Eastern Asia was influenced by state policies aimed at supporting the sector. The introduction of a minimum purchase price for paddy rice and grain capacity enhancement programs helped maintain a high production level of 136.8 million tonnes in 2018. Despite these measures, production fell to 131.8 million tonnes in 2019. In 2020, logistical cost increases due to the COVID-19 pandemic affected supply chains, but further strengthening of minimum purchase price mechanisms and subsidies contributed to a slight recovery to 132.2 million tonnes.

The period from 2021 to 2023 saw production volumes face additional pressures from external events and weather. In 2021, production dropped to 125.9 million tonnes even as minimum purchase price policies expanded to more regions, and India's export ban on broken rice altered international trade dynamics. Extreme weather conditions in 2022 affected yields in some major producing areas, but another increase in minimum purchase prices and the continuation of India's export restrictions helped stabilize production at 125.8 million tonnes. By 2023, production edged up to 126.1 million tonnes, while the overall market size declined to 128.3 million tonnes.

Production milled rice and broken rice in Eastern 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

Following a two-year decline, Eastern Asia's production of milled rice and broken rice increased. In 2020, the region produced 132.2 million tonnes, showing only minor year-over-year fluctuations. Over the 2017-2020 period, production decreased by 3.9%, with a compound annual growth rate of 1.3%. The lowest production level was recorded in 2019 at 131.8 million tonnes, which also saw the largest decline of 3.6%.

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

In value, 2017-2020, M $ US

Eastern Asia's production value of milled rice and broken rice declined for the third consecutive year. In 2020, output was valued at 46,742 million US dollars, representing a decrease of 4.4% compared to the previous year. Over the 2017-2020 period, production value fell by 23.4%, with a compound annual growth rate of 8.5%.

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

Exports milled rice and broken rice from Eastern Asia

Exports in kind, K t

The market showed an unstable trend throughout the period. Exports reached their lowest point in 2017, then peaked in 2019 with a 2.5-fold increase between these years. In 2020, milled rice and broken rice volumes leaving Eastern Asia stood at 2,131 thousand tonnes, which is 18.0% lower year-over-year. The highest export volume was recorded in 2019 at 2,600 thousand tonnes, while the largest increase occurred in 2018 at 87.7%.

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

From 2017 to 2020, exports in kind were distributed across a wide range of partner countries. Côte d'Ivoire accounted for 14.9% of exports, Egypt for 11.2%, and Turkey for 6.4%, with these three countries together representing just 32.5% of total export flows.

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

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

Exports in value, M $ US

After two years of growth, Eastern Asia's export value of milled rice and broken rice declined. In 2020, exports totaled 753 million US dollars, which is 21.9% lower than in 2019. Over the 2017-2020 period, export value increased by 60.7%, with a compound annual growth rate of 17.1%. The highest value was recorded in 2019 at 965 million US dollars, while the largest increase occurred in 2018 at 68.0%.

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

From 2017 to 2020, milled rice and broken rice from Eastern Asia was supplied to a broad set of markets. Côte d'Ivoire accounted for 11.8% of export value, Egypt for 8.7%, and Turkey for 5.5%, with these three countries together representing only 26.1% of total export value. Many smaller destinations accounted for the remaining 73.9%.

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

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

Imports milled rice and broken rice to Eastern Asia

Imports in kind, K t

Following a two-year decrease, milled rice and broken rice import volumes to Eastern Asia increased. In 2020, imports amounted to 4,009 thousand tonnes, up by 11.6% compared to 2019. Over the 2017-2020 period, imports decreased by 20%, with a compound annual growth rate of 7.2%. The lowest import volume was recorded in 2019 at 3,591 thousand tonnes, while the largest decline occurred in 2018 at 18.0%.

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

From 2017 to 2020, three principal markets—Vietnam, Thailand, and Pakistan—together accounted for 71.4% of total milled rice and broken rice imports to Eastern Asia.

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

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

Imports in value, M $ US

After a two-year drop, milled rice and broken rice import deliveries to Eastern Asia increased. In 2020, imports reached 2,343 million US dollars, up by 10.6% compared to the previous year. Over the 2017-2020 period, imports decreased by 4.6%, with a compound annual growth rate of 1.6%. The lowest import value was recorded in 2019 at 2,117 million US dollars, which also saw the largest decline of 13.5%.

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

Throughout 2017-2020, Thailand accounted for 31.6% of import value, Vietnam for 28.8%, and the United States for 13.1%, with these three countries forming the core group of markets and together representing 73.4% of total import flows.

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

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