Global Rice News

**Rice Statistics: Exploring the Global Rice Market**

**Introduction**

Rice, the versatile cereal grain, is a staple for over half the world’s population. With thousands of varieties categorized into long-grain, medium-grain, and short-grain types, rice offers diverse culinary possibilities. From plain steamed rice to sushi and rice pudding, this grain plays a vital role in global cuisine and heritage.

**Editor’s Choice: Rice Market Revenue and Growth**

According to market reports, the global rice market reached a revenue of USD 280.4 billion in 2023. This steady growth is expected to continue, culminating in a total market size of USD 382.2 billion by 2032. The market is segmented into long-grain, medium-grain, and short-grain rice, with long-grain commanding the highest revenue at USD 176.6 billion, followed by medium-grain at USD 132.6 billion and short-grain at USD 73.0 billion.

**Global Rice Market Overview**

The global rice market has demonstrated consistent growth over the years, with a compound annual growth rate (CAGR) of 3.6%. Starting at USD 270.7 billion in 2022, the market revenue increased to USD 280.4 billion in 2023, demonstrating moderate growth. This upward trend is projected to continue, with the market expected to reach USD 302.4 billion by 2025. The market size is forecasted to further increase to USD 382.2 billion by 2032.

**Global Rice Market Size – By Grain Size**

The global rice market, segmented by grain size, has exhibited consistent growth from 2022 to 2032 across all categories. Starting in 2022, the total market revenue was USD 270.7 billion, split among long-grain rice at USD 125.1 billion, medium-grain rice at USD 93.9 billion, and short-grain rice at USD 51.7 billion. The following years saw a continuous increase in market revenue, with long-grain rice commanding the highest revenue of USD 176.6 billion by 2032.

**Global Rice Market Share – By Distribution Channel**

The distribution channels for the global rice market are predominantly dominated by offline sales, which hold an 81% market share. Traditional purchasing methods still prevail, indicating a continued preference among consumers. Conversely, online sales account for 19% of the market, highlighting the gradual integration of e-commerce into consumer buying habits.

**Nutritional Composition of Rice**

White, long-grain rice provides a nutritional profile for a 100-gram serving. It contains 130 calories and minimal fat, including only 0.3 grams of total fat and 0.1 grams of saturated fat. It has no cholesterol and a negligible sodium content of 1 milligram. Rice is primarily composed of carbohydrates, providing 28 grams, which includes 0.4 grams of dietary fiber and 0.1 grams of sugar. The protein content stands at 2.7 grams, while it lacks certain vitamins such as Vitamin C, Vitamin D, and Cobalamin (Vitamin B12).

**Total Global Supply of Rice**

The total global supply of rice has fluctuated over the years from 2014 to 2023. Starting at 712.63 million metric tons in the 2014-2015 marketing year, the supply dipped slightly to 710.64 million metric tons in 2015-2016 before recovering to 711.82 million metric tons in 2016-2017. However, a significant decrease occurred in 2017-2018, with the supply dropping to 673.00 million metric tons. This downward trend continued into the following year, with supply plummeting to 669.90 million metric tons in 2018-2019. However, there was a rebound in 2019-2020, as the supply increased to 686.90 million metric tons. Subsequent years showed further improvement, with supply reaching 720.77 million metric tons in 2021-2022. However, in 2022-2023, the supply experienced a slight decline to 717.84 million metric tons.

**Global Rice Production Statistics**

The world production volume of milled rice has shown a generally upward trend, starting at 472.90 million metric tons in 2015-2016 and reaching 513.54 million metric tons in 2023-2024. The top countries with the largest production of rice include China, India, Bangladesh, Indonesia, and Vietnam.

**Top Countries with Largest Production of Rice**

In 2022, China led the global production of rice with an output of 208.49 million metric tons. India followed closely as the second-largest producer, yielding 196.25 million metric tons. Other significant producers include Bangladesh, Indonesia, Vietnam, Thailand, Myanmar, the Philippines, Cambodia, and Pakistan.

**Global Rice Consumption**

Global rice consumption has seen a steady increase over the years from 2015 to 2024. Starting at 468,862 thousand metric tons in the 2015-2016 period, consumption rose to 520,437 thousand metric tons in 2022-2023. This growth in consumption reflects the widespread popularity and importance of rice as a staple food.

**Global Rice Trade**

Several countries have emerged as major players in the global rice trade. India leads the market with exports valued at US$ 10.8 billion, followed by Thailand with $4 billion, Vietnam with $2.5 billion, and Pakistan with $2.4 billion. The top rice-importing countries include the Philippines, China, Indonesia, the European Union, Nigeria, Iraq, Cote D’Ivoire, Senegal, Vietnam, and Saudi Arabia.

**HS Code for Rice**

Rice is classified under different HS codes, based on factors such as husking, parboiling, milling, and specific varieties. Unhusked rice, or paddy rice, is classified under HS code 1006.10, while husked rice is identified by HS code 1006.20. Parboiled rice has the HS code 1006.30, and semi-milled rice has the HS code 1006.40. Basmati rice, a distinct variety, is designated by the HS code 10063020. These codes facilitate the standardized classification and tracking of rice shipments in international trade.

**Price of Rice Around the Globe**

The price of white rice per kilogram varies across countries, reflecting factors such as production costs, import tariffs, and market demand. For example, the price in the United States is USD 4.58 per kilogram, while in Canada, it is USD 3.68 per kilogram. These price variations are influenced by economic conditions, trade agreements, and consumer preferences in different global markets.

**Consumer Preferences**

Consumer preferences regarding rice purchasing habits and preferences indicate a strong reliance on rice as a staple food. Survey data reveals that a majority of respondents purchase rice every day, while others purchase it once a week or at other intervals. When it comes to rice sourcing, taste and affordability are significant factors in consumer preferences. A majority of respondents prefer locally grown rice, citing factors such as freshness and support for local farmers. However, there is also a segment of respondents who are open to both locally grown and imported rice.

**Recent Developments**

Recent developments in the rice market include the deployment of Golden Rice in the Philippines to address Vitamin A deficiency. The Food and Agriculture Organization (FAO) continues to monitor the rice market and provide detailed analysis. Advances in genetic research offer the potential for breeding higher-quality rice varieties. Furthermore, funding and investments in sustainable farming practices and technological advancements are shaping the future of rice production.

**Conclusion**

The global rice market continues to grow steadily, driven by factors such as population growth, changing dietary preferences, and economic development. Understanding consumer preferences, market trends, and technological advancements is essential for stakeholders in the rice industry. As the demand for rice remains robust, there are opportunities for innovation, sustainability, and growth in the rice sector.

**Source: [Market.us](https://media.market.us)**