The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (-3.4% per year) and Vietnam (-2.2% per year). In India, rice exports increased at an average annual rate of +5.1% over the period from 2012-2021. It was followed by Vietnam, with an 11% share. The second position in the ranking was held by Thailand ($X), with a 12% share of global exports. In value terms, India ($X) remains the largest rice supplier worldwide, comprising 35% of global exports. The shares of the other countries remained relatively stable throughout the analyzed period. While the share of India (+14 p.p.) and China (+3.9 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of the United States (-2.7 p.p.), Thailand (-4.5 p.p.) and Vietnam (-8.4 p.p.) displayed negative dynamics. By contrast, the United States (-1.2%) and Vietnam (-3.6%) illustrated a downward trend over the same period. Thailand experienced a relatively flat trend pattern. Moreover, China emerged as the fastest-growing exporter exported in the world, with a CAGR of +26.6% from 2012-2021. At the same time, China (+26.6%), Myanmar (+7.3%) and Pakistan (+1.8%) displayed positive paces of growth. Myanmar (X tons) took a relatively small share of total exports.įrom 2012 to 2021, average annual rates of growth with regard to rice exports from India stood at +8.0%. Thailand (X tons) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (11%), Pakistan (7.4%), the United States (6.3%) and China (4.6%). In 2021, India (X tons) was the largest exporter of rice, comprising 40% of total exports. The global exports peaked in 2021 and are likely to see gradual growth in years to come. The pace of growth was the most pronounced in 2017 when exports increased by 17%. The total export value increased at an average annual rate of +1.5% from 2012 to 2021 the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. In value terms, rice exports expanded to $X in 2021. Over the period under review, the global exports hit record highs in 2021 and are likely to see steady growth in the near future. The most prominent rate of growth was recorded in 2017 with an increase of 13% against the previous year. The total export volume increased at an average annual rate of +2.8% from 2012 to 2021 the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. In 2021, overseas shipments of rice increased by 10% to X tons, rising for the second year in a row after two years of decline. Over the period under review, the harvested area dedicated to rice production reached the peak figure in 2021 and is expected to retain growth in the near future. The pace of growth was the most pronounced in 2020 with an increase of 1.6%. In general, the harvested area saw a relatively flat trend pattern. The global rice harvested area totaled X ha in 2021, approximately reflecting 2020. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions. Over the period under review, the average rice yield reached the maximum level in 2021 and is likely to see steady growth in years to come. The most prominent rate of growth was recorded in 2015 with an increase of 1.3%. In general, the yield saw a relatively flat trend pattern. The global average rice yield amounted to X tons per ha in 2021, almost unchanged from 2020. Indonesia, Vietnam, Thailand, Myanmar, the Philippines and Pakistan lagged somewhat behind, together accounting for a further 24%.įrom 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +6.0%), while production for the other global leaders experienced more modest paces of growth. The countries with the highest volumes of production in 2021 were China (X tons), India (X tons) and Bangladesh (X tons), with a combined 59% share of global production. Global production peaked at $X in 2012 however, from 2013 to 2021, production remained at a lower figure. The pace of growth appeared the most rapid in 2017 when the production volume increased by 5.1%. Over the period under review, production, however, showed a noticeable descent. In value terms, rice production fell to $X in 2021 estimated in export price. Over the period under review, the global market attained the maximum level at $X in 2014 however, from 2015 to 2021, consumption failed to regain momentum. The pace of growth appeared the most rapid in 2017 when the market value increased by 3.5% against the previous year. Overall, consumption, however, recorded a mild curtailment. In 2021, the global rice market increased by 1.5% to $X, rising for the second year in a row after two years of decline.
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