In 2023, China led the global rice seed market with a substantial share, reflecting its dominant position, followed by India, Vietnam, and Bangladesh. Notable increases were observed in Cambodia, Colombia, and Mali, while declines were seen in Thailand and Vietnam. Year-over-year shifts highlight significant growth in Kazakhstan and Malaysia, and declines in Venezuela and France. Over the last two years, the compound annual growth rate (CAGR) shows varied patterns, illustrating dynamic market movements.
Looking ahead, potential growth areas include the expansion of rice seed markets in Cambodia and Colombia, while geopolitical factors may impact countries like Iran and Venezuela. Innovation in rice genetics and sustainability could reshape future shares.
Top countries in Rice and products Seed Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 38.45 | 2023 | -0.073% | +0.041% | View data |
| 2 | 2 India | 17.57 | 2023 | 0% | -0.13% | View data |
| 3 | 3 Vietnam | 7.23 | 2023 | -0.23% | -0.38% | View data |
| 4 | 4 Bangladesh | 7.06 | 2023 | +0.32% | +0.27% | View data |
| 5 | 5 Myanmar | 4.47 | 2023 | +0.25% | +0.025% | View data |
| 6 | 6 Thailand | 4.26 | 2023 | -1.42% | -2.02% | View data |
| 7 | 7 Indonesia | 3.37 | 2023 | 0% | -0.099% | View data |
| 8 | 8 Cambodia | 2.09 | 2023 | +0.81% | +0.76% | View data |
| 9 | 9 Philippines | 1.59 | 2023 | +1.06% | +0.21% | View data |
| 10 | 10 Pakistan | 1.41 | 2023 | -0.39% | -0.16% | View data |
