Central Asia: Paddy Rice Market 2024

Paddy Rice Market Size in Central Asia

After two years of growth, the Central Asian paddy rice market decreased by X% to $X in 2023. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2023, consumption failed to regain momentum.

Paddy Rice Production in Central Asia

In value terms, paddy rice production fell modestly to $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2023, production failed to regain momentum.

The countries with the highest volumes of production in 2023 were Kazakhstan (X tons), Uzbekistan (X tons) and Turkmenistan (X tons), together comprising X% of total production. Tajikistan and Kyrgyzstan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Kyrgyzstan (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

The average paddy rice yield declined modestly to X tons per ha in 2023, therefore, remained relatively stable against 2022. Overall, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the yield increased by X%. The level of yield peaked at X tons per ha in 2012; however, from 2013 to 2023, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the harvested area of paddy rice in Central Asia dropped to X ha, approximately reflecting the year before. The harvested area increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to paddy rice production attained the maximum at X ha in 2017; however, from 2018 to 2023, the harvested area remained at a lower figure.

Paddy Rice Exports

Exports in Central Asia

In 2023, the amount of paddy rice exported in Central Asia fell sharply to X tons, reducing by X% against 2022. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2016 when exports increased by X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, paddy rice exports fell to $X in 2023. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

Exports by Country

Kazakhstan dominates exports structure, recording X tons, which was approx. X% of total exports in 2023. Kyrgyzstan (X tons) followed a long way behind the leaders.

Kazakhstan was also the fastest-growing in terms of the paddy rice exports, with a CAGR of X% from 2012 to 2023. At the same time, Kyrgyzstan (X%) displayed positive paces of growth. Kazakhstan (X p.p.) and Kyrgyzstan (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest paddy rice supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a X% share of total exports.

In Kazakhstan, paddy rice exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2023, rising by X% against the previous year. In general, the export price, however, saw a deep slump. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while Kazakhstan stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%).

Paddy Rice Imports

Imports in Central Asia

In 2023, approx. X tons of paddy rice were imported in Central Asia; picking up by X% compared with the year before. Overall, imports showed significant growth. The growth pace was the most rapid in 2017 with an increase of X%. As a result, imports reached the peak of X tons. From 2018 to 2023, the growth of imports remained at a lower figure.

In value terms, paddy rice imports soared to $X in 2023. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2017 when imports increased by X%. As a result, imports reached the peak of $X. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Uzbekistan represented the largest importer of paddy rice in Central Asia, with the volume of imports recording X tons, which was approx. X% of total imports in 2023. Kyrgyzstan (X tons) ranks second in terms of the total imports with a X% share, followed by Kazakhstan (X%). Tajikistan (X tons) followed a long way behind the leaders.

Imports into Uzbekistan increased at an average annual rate of X% from 2012 to 2023. At the same time, Kyrgyzstan (X%), Kazakhstan (X%) and Tajikistan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Uzbekistan and Kyrgyzstan increased by X and X percentage points, respectively.

In value terms, Uzbekistan ($X), Kazakhstan ($X) and Kyrgyzstan ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

Kyrgyzstan, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tajikistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform