Semi-milled or wholly milled rice market in Guinea

Earlier Report Observations

Between 2018 and 2020, the market volume for semi-milled or wholly milled rice in Guinea declined from 1 340 thousand tons to 1 180 thousand tons. The launch of the AgriFARM project in 2018, aimed at increasing farm household incomes and improving market access, helped boost domestic production from 674 thousand tons in 2018 to 847 thousand tons in 2019. However, in 2020 the COVID-19 pandemic disrupted supply chains and reduced production to 556 thousand tons, leading to a drop in total market volume despite rising imports.

In 2021, market volume surged to 1 428 thousand tons, driven primarily by a jump in imports to 912 thousand tons, while production fell to 516 thousand tons. In the following years, strengthened government policies to support rice farming aided a recovery in production to 570 thousand tons in 2022 and 588 thousand tons in 2023. The signing of a protocol between the government and the private sector in 2023 to stabilize prices and provide tax exemptions contributed to a moderate market volume increase to 1 434 thousand tons.

Production semi-milled or wholly milled rice in Guinea

In kind, 2017-2020, K t

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

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

After rising for two years, Guinea's production of semi-milled or wholly milled rice declined. In 2020, the country produced 555.6 K t, marking a sharp drop of 34.4% from the previous year. Over the 2017-2020 period, production decreased by 2.3%, with a compound annual growth rate of 0.8%. The highest production level was recorded in 2019 at 847.0 K t, which also saw the largest increase of 25.6%.

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

Exports semi-milled or wholly milled rice from Guinea

Exports in kind, K t

Guinea's exports of semi-milled or wholly milled rice increased for the second year in a row. In 2020, export volume reached 0.0 K t, showing a significant rise of 629.3% compared to 2019. Between 2018 and 2020, exports grew by 3 035.8%, translating to an annualized rate of 215.3%.

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

From 2017 to 2020, Mali, France, and Côte d'Ivoire were the top buyers of Guinea's semi-milled or wholly milled rice, accounting for 56.8%, 19.9%, and 19.6% of exports in kind, respectively. Together, these three countries represented 96.3% of total exports in kind.

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 export market exhibited volatility during the observed period. Exports reached their lowest point in 2019 and peaked in 2020, with a 33-fold difference between these years. In 2020, Guinea exported 0.0 M $ US of semi-milled or wholly milled rice, reflecting a sharp increase of 3 225.4% from 2019. The minimum value was recorded in 2019 at 0.0 M $ US, which also saw the largest decline of 76.7%.

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

Throughout 2017-2020, Côte d'Ivoire, Mali, and Morocco were the core destinations for Guinea's exports in value terms, representing 35.3%, 19.4%, and 19.0% of exports, respectively. Combined, these three markets accounted for 73.7% of total export 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 semi-milled or wholly milled rice to Guinea

Imports in kind, K t

In 2020, Guinea's imports of semi-milled or wholly milled rice totaled 624.8 K t, up by 42.2% from the previous year. Over the 2017-2020 period, imports increased by 15%, equating to an annualized rate of 4.8%. The lowest import volume was recorded in 2019 at 439.4 K t, while the highest was in 2018 at 666.1 K t. The largest decline occurred in 2019, with a drop of 34.0%.

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

From 2017 to 2020, India was the primary source for Guinea's imports in kind, making up 79.4% of total flows. Other markets contributed smaller shares, forming a long tail of partners.

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 imports of semi-milled or wholly milled rice amounted to 225.3 M $ US, indicating a substantial increase of 41.4% compared to the previous year. Between 2017 and 2020, imports rose by 12.5%, with an annualized rate of 4.0%. The minimum value was recorded in 2019 at 159.3 M $ US, while the maximum was in 2018 at 243.5 M $ US. The largest decline took place in 2019, with a decrease of 34.6%.

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

Over the 2017-2020 period, India was the main source for Guinea's imports in value terms, accounting for 80.9% of total flows. Other markets represented 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