Milled rice and broken rice market in Guinea

Earlier Report Observations

The launch of the AgriFARM project and a five-year rice value chain development initiative in 2018, targeting tens of thousands of family farms, modernized the sector and boosted domestic production of milled and broken rice to 952 thousand tons in 2019. This increase in local output reduced imports by 36% to 462 thousand tons the same year. However, production fell to 660 thousand tons in 2020, leading to a rise in imports to 641 thousand tons to meet consumption needs.

Production continued to decline to 624 thousand tons in 2021, prompting a sharp increase in imports to 939 thousand tons. The following year, a mid-term review of the AgriFARM project and adjusted interventions helped recovery, with production rising to 682 thousand tons and imports decreasing to 845 thousand tons.

In 2023, the government signed a memorandum with the Chamber of Commerce to ensure rice supply and price stability, and received 1 000 agricultural machines to reduce post-harvest losses, supporting production growth to 705 thousand tons. For 2024, tax exemptions on rice remain in place, and funding is allocated for rehabilitating processing centers, though imports have increased to 1 064 thousand tons.

Production milled rice and broken rice in Guinea

In kind, 2017-2020, K t

Between 2017 and 2020, Guinea ranked as the 30th largest producer of milled rice and broken rice globally.

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

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

After two consecutive years of growth, milled rice and broken rice production in Guinea experienced a decline. In 2020, the country produced 660.2 K t, marking a 30.7% decrease compared to 2019. The peak production occurred in 2019, reaching 952.1 K t, which also saw the largest annual increase of 23.0%.

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

Exports milled rice and broken rice from Guinea

Exports in kind, K t

The export market showed significant volatility during this period. Exports reached their lowest point in 2019 and peaked in 2020, with a dramatic 47-fold difference between these years. In 2020, Guinea exported 0.0 K t of milled rice and broken rice, representing an increase of 4 617.7% from the previous year. The minimum value was recorded in 2019 at 0.0 K t, which also saw the largest decline of 28.8%.

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

From 2017 to 2020, exports in kind were heavily concentrated on Mali, which accounted for 90.3% of total flows.

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, M $ US

The market exhibited high volatility over these years. Export values dropped to their minimum in 2019 and climbed to their maximum in 2020, showing a 76-fold shift. In 2020, Guinea's milled rice and broken rice exports were recorded at 0.0 M $ US, reflecting a gain of 7 469.3% compared to the previous year. The minimum value was 0.0 M $ US in 2019, which also experienced the largest decline of 75.1%.

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

During 2017–2020, Mali and Côte d'Ivoire together accounted for 82.0% of total exports in value terms, with other countries forming a diversified but less significant portion.

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

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

Imports milled rice and broken rice to Guinea

Imports in kind, K t

In 2020, Guinea imported 641.1 K t of milled rice and broken rice, reflecting a sharp increase of 38.6% compared to the previous year. Over the period 2017-2020, imports grew by 9.3%, with a compound annual growth rate (CAGR) of 3.0%. The minimum value was recorded in 2019 at 462.4 K t, while the maximum was in 2018 at 725.5 K t. The largest decline occurred in 2019, with a drop of 36.3%.

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

From 2017 to 2020, imports in kind of milled rice and broken rice to Guinea were largely concentrated on India, which accounted for 75.8% of total flows; other countries together formed the residual {rest_share}%.

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, M $ US

In 2020, Guinea imported 231.7 M $ US worth of milled rice and broken rice, up by 39.4% over the past year. Over the period 2017-2020, imports increased by 8.6%, with a compound annual growth rate (CAGR) of 2.8%. The minimum value was recorded in 2019 at 166.3 M $ US, while the maximum was in 2018 at 263.9 M $ US. The largest decline occurred in 2019, with a drop of 37.0%.

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

Between 2017 and 2020, India remained the main market for imports in value terms, with a share of 77.6% of total flows, while the rest was fragmented across numerous other destinations.

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

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