South-Eastern Asia: Paddy Rice Market 2024

Paddy Rice Market Size in South-Eastern Asia

The Southeast Asian paddy rice market fell slightly to $X in 2023, with a decrease of X% against the previous year. In general, consumption showed a pronounced reduction. The most prominent rate of growth was recorded in 2016 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Paddy Rice Production in South-Eastern Asia

In value terms, paddy rice production fell to $X in 2023 estimated in export price. In general, production saw a noticeable downturn. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

The countries with the highest volumes of production in 2023 were Indonesia (X tons), Vietnam (X tons) and Thailand (X tons), together accounting for X% of total production. Myanmar, the Philippines, Cambodia and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Cambodia (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average paddy rice yield totaled X tons per ha in 2023, remaining constant against 2022 figures. Over the period under review, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by X%. The level of yield peaked at X tons per ha in 2015; 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, the total area harvested in terms of paddy rice production in South-Eastern Asia shrank slightly to X ha, standing approx. at the previous year's figure. Overall, the harvested area showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2023, the harvested area failed to regain momentum.

Paddy Rice Exports

Exports in South-Eastern Asia

In 2023, exports of paddy rice in South-Eastern Asia rose notably to X tons, surging by X% compared with the previous year. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, paddy rice exports dropped slightly to $X in 2023. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2022, and then reduced modestly in the following year.

Exports by Country

Cambodia prevails in exports structure, recording X tons, which was approx. X% of total exports in 2023. Lao People's Democratic Republic (X tons) took a minor share of total exports.

Cambodia 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, Lao People's Democratic Republic (X%) displayed positive paces of growth. From 2012 to 2023, the share of Cambodia increased by X percentage points.

In value terms, Cambodia ($X) remains the largest paddy rice supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Cambodia totaled X%.

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, which is down by X% against the previous year. Export price indicated a buoyant increase from 2012 to 2023: its price 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, paddy rice export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while Lao People's Democratic Republic stood at $X per ton.

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

Paddy Rice Imports

Imports in South-Eastern Asia

In 2023, the amount of paddy rice imported in South-Eastern Asia surged to X tons, with an increase of X% compared with 2022 figures. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, paddy rice imports amounted to $X in 2023. In general, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in the near future.

Imports by Country

Vietnam represented the largest importer of paddy rice in South-Eastern Asia, with the volume of imports reaching X tons, which was near X% of total imports in 2023. It was distantly followed by the Philippines (X tons), comprising a X% share of total imports.

Imports into Vietnam increased at an average annual rate of X% from 2012 to 2023. At the same time, the Philippines (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. Vietnam (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported paddy rice in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in Vietnam totaled X%.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2023, reducing by X% against the previous year. Overall, the import price showed a noticeable setback. The growth pace was the most rapid in 2015 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2023, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Philippines ($X per ton), while Vietnam totaled $X per ton.

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

Source: IndexBox Platform