In 2023, India remained steady as a top contributor to global rice stocks, leading with other prominent participants like Indonesia and China. Notable year-on-year stock growth was observed in countries like Nigeria (38.67%) and Niger (38.67%), while declines were seen in countries such as Switzerland (-12.94%). East Asian countries like Indonesia demonstrated positive trends, whereas Southeast Asia saw mixed results with Vietnam showing decreasing stocks. Modest improvements in Europe were highlighted by the Netherlands (11.55%).
Future trends to watch include the impact of climate change on rice production, the influence of technological advancements on agriculture, and potential trade policies affecting global stocks, particularly in Asia and Africa. Monitoring these factors will be crucial for anticipating shifts in the global rice market. Additionally, attention to geopolitical tensions that may alter supply chains could also significantly impact stock variations.
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 16,320 | 2023 | +8.25% | View data | |
| 2 | 2 Indonesia | 15,180 | 2023 | +4.66% | +3.67% | View data |
| 3 | 3 China | 9,290 | 2023 | -16.67% | View data | |
| 4 | 4 Vietnam | 5,110 | 2023 | -0.098% | -0.51% | View data |
| 5 | 5 Ivory Coast | 1,700 | 2023 | +3.67% | +3.41% | View data |
| 6 | 6 Philippines | 1,660 | 2023 | +3.5% | View data | |
| 7 | 7 United States | 1,340 | 2023 | +1.67% | View data | |
| 8 | 8 Myanmar | 1,130 | 2023 | +12.56% | View data | |
| 9 | 9 Benin | 984 | 2023 | +6.38% | View data | |
| 10 | 10 Ghana | 607 | 2023 | +5.38% | +3.02% | View data |
