The analysis of global rice production at the farm gate by country in 2023 indicates that China leads with $74.29 billion, followed by India with $47.03 billion. Indonesia and Japan are significant players at $20.69 billion and $17.26 billion, respectively. South Korea's rice production value stands at $8.21 billion, and Brazil at $3.41 billion. Smaller contributors include Australia ($0.16041 billion), Kazakhstan ($0.10795 billion), Costa Rica ($0.08111 billion), and Mexico ($0.06374 billion).
Notable year-on-year variations between 2023 and 2024 reveal a decline in China (-2.19%) and Indonesia (-1.99%), with slight increases in India (0.64%), Japan (0.78%), South Korea (0.91%), Costa Rica (0.29%), and a minor drop in Mexico (-0.79%). Brazil showed notable growth (5.21%), with Australia and Kazakhstan experiencing significant increases at 44.31% and 5.78%, respectively.
Over the last five years, the Compound Annual Growth Rate (CAGR) trends indicate an average yearly growth, with some countries showing consistent increases while others face declines due to various factors including climate change, technological adoption, and economic conditions.
Future trends to watch in global rice production include the impact of climate change on crop yields, technological advancements in agriculture, shifts in international trade policies, and efforts towards sustainable farming practices. These factors will play crucial roles in shaping the global rice market dynamics.
Top countries in Rice Production at Farm Gate by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 74,290 | 2023 | -1.69% | -2.19% | View data |
| 2 | 2 India | 47,030 | 2023 | +3.32% | +0.64% | View data |
| 3 | 3 Indonesia | 20,690 | 2023 | +3.83% | -1.99% | View data |
| 4 | 4 Japan | 17,260 | 2023 | +1.36% | +0.78% | View data |
| 5 | 5 South Korea | 8,210 | 2023 | +2.28% | +0.91% | View data |
| 6 | 6 Brazil | 3,410 | 2023 | +0.48% | +5.21% | View data |
| 7 | 7 Australia | 160.41 | 2023 | +0.81% | +44.31% | View data |
| 8 | 8 Kazakhstan | 107.95 | 2023 | +1.93% | +5.78% | View data |
| 9 | 9 Costa Rica | 81.11 | 2023 | +0.3% | +0.29% | View data |
| 10 | 10 Mexico | 63.74 | 2023 | -0.11% | -0.79% | View data |
