The global rice import volume in 2023 shows that China led with 5.96 million metric tons, indicating a strong demand. Key importers like Indonesia, Benin, and Bangladesh showed significant year-on-year variations, with Bangladesh experiencing a notable 4.61% increase. Conversely, Nigeria saw a substantial decline of 8.56% in imports. Over the last five years, countries like Mali and Papua New Guinea have experienced significant growth in imports, with exceptional CAGR figures, driven by rising domestic demand and potential shifts in local agricultural practices.
Looking forward, the global rice market may see shifts due to climate changes affecting production, trade policy adjustments, and dietary changes in major importing regions. Monitoring these trends, alongside fluctuations in global supply chains and socio-economic conditions, will be crucial for predicting future import volumes.
Top countries in Rice and products Import Volume by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 5,960 | 2023 | +1.03% | +2.69% | View data |
| 2 | 2 Indonesia | 3,360 | 2023 | +4.06% | -0.66% | View data |
| 3 | 3 Ivory Coast | 2,760 | 2023 | +2.41% | +2.05% | View data |
| 4 | 4 Benin | 2,690 | 2023 | +1.55% | +1.75% | View data |
| 5 | 5 Philippines | 2,560 | 2023 | +2.36% | -1.07% | View data |
| 6 | 6 Iran | 2,100 | 2023 | +0.67% | +0.12% | View data |
| 7 | 7 Senegal | 1,950 | 2023 | +0.98% | +0.31% | View data |
| 8 | 8 Bangladesh | 1,870 | 2023 | +2.02% | +4.61% | View data |
| 9 | 9 South Africa | 1,740 | 2023 | +1.28% | +1.09% | View data |
| 10 | 10 Saudi Arabia | 1,680 | 2023 | -1.23% | -1.66% | View data |
