The global demand for rice is led by China and India, with China showing steady growth and India experiencing moderate gains. Southeast Asian countries like Indonesia and Bangladesh exhibit significant demand increases, while Myanmar and Thailand show declining trends. Brazil, Japan, and the US maintain modest consumption levels with little year-on-year change. African countries such as Nigeria and Madagascar face varying demand patterns, reflecting regional economic challenges. European and Middle Eastern countries display minimal demand, except for notable consumption spikes in Italy and Saudi Arabia. Noteworthy growth is observed in smaller markets like Colombia, Laos, and Yemen.
Future trends to monitor include the impact of climate change on rice production and supply chains, particularly in Asia. Technological advancements in farming and crop management could lead to increased yields and changes in global rice trade dynamics. Additionally, economic shifts in emerging markets may influence demand patterns, while dietary changes in Western countries could impact consumption. Watch for potential disruptions due to geopolitical tensions affecting export-import dynamics.
Top countries in Rice and products Demand by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 209,400 | 2023 | +0.32% | +0.24% | View data |
| 2 | 2 India | 143,100 | 2023 | -0.1% | +0.058% | View data |
| 3 | 3 Indonesia | 75,330 | 2023 | +0.47% | +0.41% | View data |
| 4 | 4 Bangladesh | 57,720 | 2023 | +0.52% | +0.46% | View data |
| 5 | 5 Vietnam | 29,340 | 2023 | -0.041% | -0.094% | View data |
| 6 | 6 Myanmar | 25,300 | 2023 | -0.28% | -0.68% | View data |
| 7 | 7 Philippines | 20,010 | 2023 | +0.13% | +0.12% | View data |
| 8 | 8 Thailand | 16,260 | 2023 | -1.4% | -0.79% | View data |
| 9 | 9 Brazil | 12,330 | 2023 | +0.16% | +0.096% | View data |
| 10 | 10 Japan | 11,090 | 2023 | -0.31% | -0.26% | View data |
