In 2023, India led the global rice export market, followed by Thailand and Vietnam. Notable trends include Myanmar's significant increase in export volume, while Guyana and Tanzania saw considerable declines. Most countries showed modest growth or decline, with exceptions like Niger, Cambodia, and Mexico experiencing substantial percentage increases. Trends over five years illustrate volatile market dynamics with noticeable year-to-year fluctuations.
Future trends to watch include the impact of climate change on rice production regions, technological advancements in agriculture, and evolving trade policies affecting market access. Monitoring geopolitical tensions and economic growth in emerging markets will be crucial for exporters. Additionally, consumer demand for sustainable and specialty rice products may shape future export strategies.
Top countries in Rice and products Export Volume Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 25.39 | 2023 | +0.43% | +0.43% | View data |
| 2 | 2 Thailand | 24.39 | 2023 | +0.26% | +0.3% | View data |
| 3 | 3 Vietnam | 12.74 | 2023 | -0.74% | -1.16% | View data |
| 4 | 4 Pakistan | 8 | 2023 | -0.018% | -0.84% | View data |
| 5 | 5 United States | 5.9 | 2023 | -0.46% | +0.84% | View data |
| 6 | 6 China | 5.27 | 2018 | View data | ||
| 7 | 7 Brazil | 2.38 | 2023 | +1.9% | -1.33% | View data |
| 8 | 8 Myanmar | 1.75 | 2023 | +2.42% | +7.5% | View data |
| 9 | 9 Uruguay | 1.7 | 2023 | -0.17% | +0.9% | View data |
| 10 | 10 Italy | 1.52 | 2023 | -0.094% | -0.075% | View data |
