Southern Asia: Paddy Rice Market 2024

Paddy Rice Market Size in Southern Asia

The South Asian paddy rice market reduced to $X in 2023, declining by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2022, and then contracted slightly in the following year.

Paddy Rice Production in Southern Asia

In value terms, paddy rice production fell slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2022, and then reduced in the following year.

India (X tons) constituted the country with the largest volume of paddy rice production, accounting for X% of total volume. Moreover, paddy rice production in India exceeded the figures recorded by the second-largest producer, Bangladesh (X tons), threefold. Pakistan (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2023, the average annual growth rate of volume in India totaled X%. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

In 2023, the average paddy rice yield in Southern Asia totaled X tons per ha, stabilizing at the previous year. The yield figure 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 observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the paddy rice yield attained the maximum level at X tons per ha in 2021; 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.

The paddy rice harvested area shrank to X ha in 2023, waning by X% against 2022. Overall, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha, and then shrank in the following year.

Paddy Rice Exports

Exports in Southern Asia

In 2023, exports of paddy rice in Southern Asia soared to X tons, rising by X% on the previous year's figure. Overall, exports recorded a prominent expansion. The growth pace was the most rapid in 2018 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 failed to regain momentum.

In value terms, paddy rice exports skyrocketed to $X in 2023. In general, exports continue to indicate strong growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, India (X tons) represented the key exporter of paddy rice in Southern Asia, comprising X% of total export.

India was also the fastest-growing in terms of the paddy rice exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest paddy rice supplier in Southern Asia.

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

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

Paddy Rice Imports

Imports in Southern Asia

After six years of growth, purchases abroad of paddy rice decreased by X% to X tons in 2023. Over the period under review, imports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2022, and then contracted slightly in the following year.

In value terms, paddy rice imports totaled $X in 2023. In general, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in the near future.

Imports by Country

Nepal prevails in imports structure, finishing at X tons, which was near X% of total imports in 2023. Pakistan (X tons) held a minor share of total imports.

Nepal was also the fastest-growing in terms of the paddy rice imports, with a CAGR of X% from 2012 to 2023. Pakistan (X%) illustrated a downward trend over the same period. While the share of Nepal (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Pakistan (X p.p.) displayed negative dynamics.

In value terms, Nepal ($X) constitutes the largest market for imported paddy rice in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Pakistan ($X), with a X% share of total imports.

In Nepal, paddy rice imports increased at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2023, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per ton), while Nepal stood at $X per ton.

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

Source: IndexBox Platform