Market research

Rice market in Micronesia

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The rice market in Micronesia experienced a substantial contraction over the 2018-2023 period, with total volume dropping from 7 298 tons to 2 462 tons. This decline of roughly two-thirds occurred despite consistently stable domestic production, which hovered between 181 and 184 tons annually.

The market's trajectory was defined by volatile import flows. After a sharp fall in imports to 4 824 tons in 2019, volumes partially recovered in 2020 and 2021, reaching 6 451 tons. However, a steep and sustained downturn began in 2022, with imports nearly halving to 2 980 tons and falling further to 2 280 tons in 2023.

Consequently, the overall market size followed this import-led pattern, declining significantly from its 2018 peak. Local production remained a minor and steady component throughout, unable to offset the large swings in foreign supply.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Micronesia
  1. 5.1.1. Annual dynamics of production in Micronesia in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Micronesia in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Micronesia in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Micronesia by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Micronesia in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Micronesia by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Micronesia, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Micronesia by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Micronesia in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Micronesia by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Micronesia in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Micronesia by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Micronesia, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Micronesia by countries, 2018-2024, $ US/t
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, t
  2. 7.1.2. In value, K $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, t
  2. 7.2.2. In value, K $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production rice in Micronesia

In kind, 2017-2020, t

Top producers of rice, 2017-2020

Source: SHEV.io

World map of production of rice, 2017-2020

Source: SHEV.io

Rice production in Micronesia saw a two-year period of growth before declining. In 2019, production reached its peak at 183.8 tons. The following year, in 2020, output fell slightly to 180.7 tons, marking a 1.7% decrease from 2019. The most significant increase occurred in 2018, with a 2.0% rise.

Annual dynamics of production in Micronesia in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	2.0%	1.6%	(1.7%)	0.6%

Source: SHEV.io

Exports rice from Micronesia

Market research indicates that Micronesia did not export any rice between 2017 and 2020.

Imports rice to Micronesia

Imports in kind, t

Rice imports to Micronesia totaled 5,760 tons in 2020, showing a 19.4% increase compared to 2019. Over the period from 2017 to 2020, imports decreased by 15.4%, averaging an annual decline of 5.4%. The highest import volume was recorded in 2018 at 7,117 tons, followed by a drop to 4,824 tons in 2019, which represented the lowest point and the largest single-year decline of 32.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.6%	(32.2%)	19.4%	(5.4%)

Source: SHEV.io

From 2017 to 2020, the United States and China accounted for 80.9% of Micronesia's total rice imports by volume. The remaining share was spread across other countries, each contributing smaller amounts.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

In 2020, Micronesia imported rice worth 3,129 thousand US dollars, a 3.2% increase from the previous year. Between 2017 and 2020, the value of imports fell by 26.9%, with an average annual decrease of 9.9%. The peak was in 2018 at 4,292 thousand US dollars, while the lowest value occurred in 2019 at 3,032 thousand US dollars, which saw the steepest decline of 29.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.2%	(29.4%)	3.2%	(9.9%)

Source: SHEV.io

During 2017–2020, the United States and China dominated Micronesia's rice imports in monetary terms, jointly making up 86.7% of the total value. Other countries held significantly smaller shares.

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

Source: SHEV.io

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

Source: SHEV.io