Semi-milled or wholly milled rice market in Bangladesh

Earlier Report Observations

The market volume for semi-milled or wholly milled rice in Bangladesh stood at 34 445 тыс. т in 2018, supported by a government incentive program to rejuvenate Aus rice cultivation. However, in 2019, the market contracted to 32 792 тыс. т as production faced challenges from insect and disease vulnerability in some varieties. By 2020, the market stabilized at 32 776 тыс. т despite seasonal flooding that damaged the Aman crop, with government procurement through the Trading Corporation of Bangladesh providing price floors for farmers.

A sharp expansion occurred in 2021, with market volume jumping to 36 064 тыс. т. This surge was driven by record production of Boro rice and large-scale government imports of 1.35 million tonnes at reduced tariffs to stabilize prices amid supply chain disruptions and hoarding. In 2022, the market adjusted to 35 048 тыс. т while authorities set procurement prices for Boro rice and authorized private sector imports to manage supply shortfalls, alongside rice fortification programs that created new market segments.

By 2023, production continued to grow to 34 937 тыс. т, with market volume at 35 308 тыс. т. The period saw modernization in rice milling with automatic and semi-automatic mills gaining attention, and the market included prominent players like Pran, Square Food and Beverages, and Meghna Group of Industries, reflecting ongoing industry evolution.

Production semi-milled or wholly milled rice in Bangladesh

In kind, 2017-2020, K t

Bangladesh ranked third globally in the production of semi-milled or wholly milled rice from 2017 to 2020.

Top producers of semi-milled or wholly milled rice, 2017-2020

World map of production of semi-milled or wholly milled rice, 2017-2020

In 2020, Bangladesh produced 32 780 thousand tonnes of semi-milled or wholly milled rice, showing little change from the previous year. Over the 2017-2020 period, production grew by 4.1%, with an average annual growth rate of 1.3%. The highest production level was recorded in 2018 at 33 186 thousand tonnes, which represented a 5.4% increase. The largest decline occurred in 2019, when production fell by 1.3%.

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

Exports semi-milled or wholly milled rice from Bangladesh

Exports in kind, K t

Export volumes showed an unstable trend during this period. The lowest point was in 2017, while exports peaked in 2018, with a 20-fold difference between these years. In 2020, Bangladesh exported 12 thousand tonnes of semi-milled or wholly milled rice, marking a 34.9% increase from 2019. The maximum export volume was recorded in 2018 at 34 thousand tonnes, which represented a dramatic 1 863.0% surge. The largest decline occurred in 2019, when exports dropped by 74.3%.

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

From 2017 to 2020, the top destinations for Bangladesh's exports of semi-milled or wholly milled rice in volume terms were Sri Lanka (46.0% of exports), Bhutan (10.4%), and the United States (9.3%). Together, these three markets accounted for 65.8% of total export flows.

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

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

Exports in value, M $ US

The market exhibited volatility during these years. The lowest export value was observed in 2017, while the highest occurred in 2020, with a peak-to-trough ratio of 8.5 times. In 2020, exports of semi-milled or wholly milled rice from Bangladesh amounted to 13.7 million US dollars, which is 41.8% higher than in 2019. The largest decline was recorded in 2019 at 19.6%, while the largest increase was in 2018, with a 649.4% jump.

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

From 2017 to 2020, the three main markets for Bangladesh's exports of semi-milled or wholly milled rice in value terms were Sri Lanka, the United States, and Saudi Arabia, together representing 61.2% of total export value.

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

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

Imports semi-milled or wholly milled rice to Bangladesh

Imports in kind, K t

Bangladesh's imports of semi-milled or wholly milled rice declined for the third consecutive year. In 2020, the country imported 8 thousand tonnes, down by 82.9% compared to 2019. Over the 2017-2020 period, imports decreased by 99.6%, with an average annual decline of 84.5%.

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

Throughout 2017-2020, India dominated Bangladesh's imports of semi-milled or wholly milled rice in volume terms, accounting for 85.8% of total flows, while other sources contributed relatively small shares.

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

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

Imports in value, M $ US

Bangladesh's imports of semi-milled or wholly milled rice in value terms fell for the third year in a row. In 2020, imports amounted to 6.4 million US dollars, a sharp contraction of 69.6% from the previous year. Between 2017 and 2020, imports decreased by 99.3%, equating to an average annual decline of 80.7%.

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

From 2017 to 2020, the partner structure for imports in value terms was heavily centered on India, which held an 86.1% share of total flows, with other markets playing a less significant role.

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

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