In 2023, China led the global rice market with a significant volume share of 29.56 thousand metric tons, followed by India at 22.43. Other prominent contributors include Indonesia (8.98), Bangladesh (7.23), and Vietnam (3.34). Countries like Brazil and Nigeria also showed notable yearly growth rates of 0.16 and -0.39, respectively. India experienced the highest compound annual growth rate (CAGR) with 0.031% over the last five years, while countries like Vietnam (-0.0081), Thailand (-0.25), and Myanmar (-0.27) saw declines. Japan's share decreased by 0.23%, while Colombia grew significantly at 1.86%.
Future trends in the global rice market size point towards increasing demand in emerging markets such as Africa and Latin America. Meanwhile, technological innovations and sustainable farming practices in leading producing countries like China and India are expected to drive enhanced productivity. Watch for policy changes affecting export-import dynamics as countries respond to food security challenges and climatic conditions.
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 29.56 | 2023 | 0% | +0.55% | View data |
| 2 | 2 India | 22.43 | 2023 | -0.14% | +0.031% | View data |
| 3 | 3 Indonesia | 8.98 | 2023 | +0.24% | +0.21% | View data |
| 4 | 4 Bangladesh | 7.23 | 2023 | +0.35% | +0.3% | View data |
| 5 | 5 Vietnam | 3.34 | 2023 | -0.02% | -0.0081% | View data |
| 6 | 6 Philippines | 3.22 | 2023 | +0.13% | +0.12% | View data |
| 7 | 7 Thailand | 1.92 | 2023 | -0.22% | -0.25% | View data |
| 8 | 8 Myanmar | 1.78 | 2023 | -0.019% | -0.27% | View data |
| 9 | 9 Japan | 1.73 | 2023 | -0.27% | -0.23% | View data |
| 10 | 10 Brazil | 1.66 | 2023 | +0.29% | +0.16% | View data |
