In 2023, consumer-to-producer rice transfers saw a notable increase across several countries, with Japan leading at 10.25 billion euros, showing a year-on-year growth of 1.47%. Indonesia maintained its position at 7.33 billion euros with no change. South Korea's transfers rose by 1.13% to 4.06 billion euros. The Philippines decreased by 1.6% to 3.02 billion euros. Colombia experienced a significant surge of 50.23% to 0.46 billion euros. Brazil saw no change at 0.16 billion euros, and Kazakhstan remained negative at -0.20 billion euros.
Future trends to monitor include:
- Ongoing policy changes impacting rice production subsidies.
- Shifts in consumer demand impacting transfers, especially in emerging markets.
- Economic factors such as inflation and currency fluctuations that may alter transfer values.
Top countries in Rice Transfers to Producers from Consumers by Country
| # | 7 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 10,250 | 2023 | +1.46% | +1.47% | View data |
| 2 | 2 Indonesia | 7,330 | 2023 | +8.91% | View data | |
| 3 | 3 South Korea | 4,060 | 2023 | +0.12% | +1.13% | View data |
| 4 | 4 Philippines | 3,020 | 2023 | -0.077% | -1.6% | View data |
| 5 | 5 Colombia | 458.94 | 2023 | +0.43% | +50.23% | View data |
| 6 | 6 Brazil | 162.1 | 2023 | -3.2% | View data | |
| 7 | 7 Kazakhstan | -197.64 | 2023 | +8.47% | View data |
