Paddy rice market in Guinea

Earlier Report Observations

From 2018, the paddy rice market in Guinea entered a phase of steady expansion, supported by the launch of major agricultural development initiatives like the AgriFARM and PRDCVR projects. These programs aimed to sustainably increase farm incomes, boost productivity, and enhance market access for smallholders. Concurrently, the government's subsidized distribution of improved seeds and fertilizers, with a 59% subsidy rate, provided direct input support to rice growers, fostering initial production growth.

Market growth accelerated notably from 2021 onward, with production rising from 2.8 million tons to over 3.5 million tons by 2023. This surge was underpinned by the cumulative effect of ongoing integrated development projects, the rehabilitation of hydro-agricultural infrastructure, and the delivery of 1,000 modern agricultural machines—including tractors and tillers—to reduce post-harvest losses and raise yields. Maintenance of tax and customs exemptions on rice, along with supply guarantees through government–private sector agreements, further stabilized the market environment and encouraged continued expansion.

Production paddy rice in Guinea

In kind, 2017-2020, K t

From 2017 to 2020, Guinea maintained the 28th position globally in terms of paddy rice production volume.

Top producers of paddy rice, 2017-2020

World map of production of paddy rice, 2017-2020

Paddy rice production in Guinea increased for the third consecutive year. In 2020, the country produced 2 459 thousand tons of paddy rice, representing a modest 3.1% increase over the previous year. Over the 2017-2020 period, production grew by 11.9%, with a compound annual growth rate of 3.8%.

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

Exports paddy rice from Guinea

Exports in kind, t

The export market showed an unstable trend throughout the period. Exports reached their lowest point in 2019 at 0.0 tons, then surged dramatically to 110 tons in 2020, marking a 366 400.0% increase. This represents a 3 665-fold difference between the two years. The largest decline occurred in 2019, when exports fell by 100.0%.

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

Throughout 2017-2020, Congo remained the nearly exclusive buyer of paddy rice from Guinea, accounting for 100.0% 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

The data reveals irregular changes, indicating a volatile market environment. Export values reached their lowest point in 2019 at 1 thousand US dollars, then increased significantly to 141 thousand US dollars in 2020, representing a 12 321.9% rise. This represents a 124-fold difference between these years. The largest decline occurred in 2019, when export values fell by 98.7%.

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

Over the 2017-2020 period, Congo served as the primary destination for paddy rice exports from Guinea, consistently absorbing 99.3% of total export value.

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

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

Imports paddy rice to Guinea

Imports in kind, t

Paddy rice imports to Guinea declined for the third consecutive year. In 2020, imports stood at 13 tons, reflecting a sharp 29.3% contraction from the previous year. Between 2017 and 2020, imports decreased by 99.1%, equating to an annualized decline rate of 79.3%.

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

During 2017-2020, the geographical pattern of imports in volume terms showed strong dependence on Burkina Faso, which accounted for 97.1% of total import 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

Paddy rice imports to Guinea declined for the third consecutive year. In 2020, Guinea imported 4 thousand US dollars worth of paddy rice, reflecting a steep 96.7% drop compared to the prior year. Between 2017 and 2020, imports decreased by 99.8%, equating to an annualized decline rate of 88.1%.

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

During 2017-2020, Burkina Faso held the dominant position in import value terms, accounting for 89.8% of total flows, while the remaining share was distributed among various smaller destinations.

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

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