In 2024, China remains the leader in global rice production at farm gate with a value of €64.41 billion. India follows with €38.59 billion, and Indonesia with €18.83 billion. Vietnam, South Korea, Colombia, Australia, Kazakhstan, and Mexico contribute significantly less, with Vietnam at €9.67 billion and Mexico at the lower end at €0.05563 billion. Analyzing year-on-year variations, most countries showed minor decreases or modest growth. Notably, Australia showed a remarkable 44.39% growth rate in 2023, while Kazakhstan and Colombia also depicted positive trends with 5.73% and 3.85% increases, respectively.
Over the last five years, Compound Annual Growth Rates (CAGR) indicate steady trends for China and India, albeit with slight declines. Conversely, countries like Australia and Kazakhstan present optimistic growth rates, signifying potential for future expansion. Monitoring shifts in global market dynamics, technological innovations, and climate changes will be crucial. Emerging growth in regions like Colombia and Kazakhstan suggests these countries could play bigger roles in future global rice production.
Top countries in Rice Production at Farm Gate by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 64,410 | 2023 | -2.13% | -1.74% | View data |
| 2 | 2 India | 38,590 | 2023 | +1.04% | -0.0045% | View data |
| 3 | 3 Indonesia | 18,830 | 2023 | +4.77% | -0.59% | View data |
| 4 | 4 Vietnam | 9,670 | 2023 | +2.56% | +1.15% | View data |
| 5 | 5 South Korea | 6,750 | 2023 | +0.28% | +0.31% | View data |
| 6 | 6 Colombia | 1,120 | 2023 | +1.18% | +3.85% | View data |
| 7 | 7 Australia | 129.79 | 2023 | +0.0033% | +44.39% | View data |
| 8 | 8 Kazakhstan | 91.26 | 2023 | +2.28% | +5.73% | View data |
| 9 | 9 Mexico | 55.63 | 2023 | -0.084% | -0.2% | View data |
