Ethiopia: Paddy Rice Market 2024

Paddy Rice Market Size in Ethiopia

The Ethiopian paddy rice market amounted to $X in 2023, standing approx. at the previous year. In general, the total consumption indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Paddy rice consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Paddy Rice Production in Ethiopia

In value terms, paddy rice production amounted to $X in 2023 estimated in export price. In general, the total production indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

The average yield of paddy rice in Ethiopia was estimated at X tons per ha in 2023, increasing by X% against 2022. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the yield reached the peak level of X tons per ha; afterwards, it flattened through to 2023. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of paddy rice were harvested in Ethiopia; leveling off at the previous year. Overall, the total harvested area indicated moderate growth from 2012 to 2023: its figure increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, paddy rice harvested area decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to paddy rice production reached the peak figure at X ha in 2018; however, from 2019 to 2023, the harvested area failed to regain momentum.

Paddy Rice Exports

Exports from Ethiopia

After two years of decline, shipments abroad of paddy rice decreased by X% to X kg in 2023. Overall, exports continue to indicate a dramatic descent. The exports peaked at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, paddy rice exports reduced rapidly to $X in 2023. In general, exports showed a sharp slump. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X kg) was the main destination for paddy rice exports from Ethiopia, with a X% share of total exports. Moreover, paddy rice exports to Norway exceeded the volume sent to the second major destination, China (X kg), fourfold.

From 2014 to 2022, the average annual rate of growth in terms of volume to Norway was relatively modest.

From 2014 to 2022, the average annual rate of growth in terms of value to Norway was relatively modest.

Export Prices by Country

The average paddy rice export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price posted significant growth. The most prominent rate of growth was recorded in 2021 a decrease of X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Norway stood at $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%).

Paddy Rice Imports

Imports into Ethiopia

After three years of growth, supplies from abroad of paddy rice decreased by X% to X tons in 2023. In general, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, paddy rice imports declined markedly to $X in 2023. Over the period under review, imports showed a abrupt decline. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Pakistan (X tons) constituted the largest paddy rice supplier to Ethiopia, with a X% share of total imports. Moreover, paddy rice imports from Pakistan exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by Thailand (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Pakistan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Thailand (X% per year).

In value terms, Pakistan ($X), the United States ($X) and India ($X) were the largest paddy rice suppliers to Ethiopia, with a combined X% share of total imports.

Among the main suppliers, the United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2023, the average paddy rice import price amounted to $X per ton, almost unchanged from the previous year. In general, import price indicated a perceptible increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, paddy rice import price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2018 an increase of X%. The import price peaked at $X per ton in 2022, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was India ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform