Between 2014 and 2023, the US production of rice and related products fluctuated, reaching a peak of 10.17 million metric tons in 2016 and a low of 8.08 million metric tons in 2017. The average annual growth rate over the last five years was -1.16%. From 2021 to 2023, production stabilized with minor year-on-year changes of -0.14% and -0.13% respectively. In 2023, production stood at 9.58 million metric tons.
Future projections suggest a slight decline in production with a five-year CAGR forecast at -0.11%, leading to a 0.55% decrease by 2028.
Future trends to watch for:
- Climate change impacts on agricultural yields and water availability.
- Technological advances in farming practices.
- Shifts in domestic and global demand patterns.
- Trade policy changes affecting import and export dynamics.
