Rice market in Guinea

Earlier Report Observations

From 2018 to 2021, rice production in Guinea increased from 2 340 thousand tons to 2 840 thousand tons. This growth was supported by state-led initiatives, including the preparation of a five-year rice value chain development project and the modernization of processing equipment through the expansion of Engelberg huller imports. The COVID-19 pandemic in 2020 prompted additional government support for the agricultural sector, helping to sustain production and market volume, which reached 3 779 thousand tons in 2021.

A significant acceleration in production occurred from 2022 to 2023, with output rising to 3 535 thousand tons. This surge was primarily driven by protocols signed between the government and the Chamber of Commerce, Industry and Handicrafts of Guinea, which introduced tax and customs exemptions on rice to incentivize local production and ensure market supply. These measures reduced rice imports and contributed to a rise in total market volume to 4 404 thousand tons in 2023, supported by the ongoing AgriFARM project and strengthened regulatory frameworks for budget management.

Production rice in Guinea

In kind, 2017-2020, K t

From 2017 to 2020, Guinea ranked 28th globally in rice production.

Top producers of rice, 2017-2020

World map of production of rice, 2017-2020

Guinea's rice production grew for the third consecutive year. In 2020, the country produced 2 459 thousand tons of rice, marking a modest increase of 3.1% compared to the previous year. Between 2017 and 2020, production rose by 11.9%, which translates to an average annual growth rate of 3.8%.

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

Exports rice from Guinea

Exports in kind, K t

The market experienced significant fluctuations during this period. Export volumes reached their lowest point in 2019 and peaked in 2020, with a 19-fold difference between these years. In 2020, Guinea exported 0.1 thousand tons of rice, representing a dramatic year-over-year surge of 1,821.7%. The minimum value was recorded in 2019 at 0.0 thousand tons, with the largest decline that year amounting to 90.3%.

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

From 2017 to 2020, Congo dominated Guinea's rice exports in volume, consistently accounting for 94.1% of total shipments.

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 displayed notable volatility over the observed period. Values hit a low in 2019 and peaked in 2020, showing a 45-fold gap. In 2020, Guinea exported 0.1 million US dollars worth of rice, which is 4,394.0% higher than the previous year. The minimum value was recorded in 2019 at 0.0 million US dollars, with the largest decline that year reaching 96.2%.

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

During 2017–2020, the geographical distribution of exports in value terms highlighted a strong reliance on Congo, which absorbed 97.3% 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 rice to Guinea

Imports in kind, K t

Guinea imported 521.3 thousand tons of rice in 2020, reflecting a sharp increase of 27.7% compared to the previous year. Between 2017 and 2020, imports grew by 2.2%, equating to an average annual rate of 0.7%. The minimum value was recorded in 2019 at 521.3 thousand tons, while the maximum was in 2018 at 825.6 thousand tons. The largest decline occurred in 2019, dropping by 36.9%.

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

From 2017 to 2020, India and China were the main suppliers of rice to Guinea, together accounting for 81.3% of total imports in volume, with other countries making up the remainder.

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's rice imports reached 239.3 million US dollars, representing a 30.8% gain over the previous year. Over the period 2017-2020, imports increased by 2.5%, with a compound annual growth rate of 0.8%. The minimum value was recorded in 2019 at 182.9 million US dollars, while the maximum was in 2018 at 296.2 million US dollars. The largest decline occurred in 2019, falling by 38.3%.

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

From 2017 to 2020, India was the primary destination for Guinea's imports in value terms, accounting for 71.3% of total flows, while other markets comprised a long tail of smaller partners.

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

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