Countries with the largest percentage of rice exports in the world
Which countries have the largest percentage of rice exports in the world? Let’s find out through the article below.
According to the US Department of Agriculture (USDA), India is one of the countries with the highest percentage of rice exports in the world. India’s rice exports in 2022 reached 15.5 million tons, recording an increase of 940,000 tons over the same period last year, accounting for 25% of the worldwide market share.
India’s markets for non-basmati rice are mainly Africa and Asia. For high-grade basmati rice, it is mainly exported to high-income countries: the United States, the United Kingdom, the Middle East… because the demand for rice in these countries is in favor of the high-end segment.
Year-end rice stocks in the late 2021 – early 2022 period increased by 11.6 tons compared to the previous forecast, pushing the total stock level to 34.5 million tons. Currently, the country’s rice stocks are reaching a peak. In 2022, India’s rice consumption is forecast to decrease by about 2.25 million tons compared to 2021. Despite the decrease in consumption, India still retains its position as a country with the large proportion of rice exports.
Thailand is one of the countries with the largest rice export rate in the world, ranking top 2 in 2021. Thailand is also a familiar name exporting rice to countries: the United States, South Africa, and China. Country, Japan. According to USDA, Thailand’s rice exports in 2022 will be about 6.1 million tons, witnessing an increase of 400,000 tons of rice compared to the same period in 2021.
Recently, at the best rice contest in the world, Thailand’s Hom Mali fragrant rice officially won the top prize. This award gives Thailand more advantages in the international rice market. Chairman of the Rice Exporters Association – Mr. Chookiat Ophaswongse – said this victory was a testament to the unremitting efforts of the Government and rice manufacturers working together to improve and raise the value of rice quality.
Vietnam is currently honored as one of the countries with the highest rate of rice exports in the world today. The question was : “Which is the ranking of Vietnam in exporting rice over the world?”. According to USDA, Vietnam will continue to be in the second position among the exporting countries of delicious rice this year.
Vietnam is a country with a long-standing wet rice civilization, so in this country rice is also the main source of food and also a strategic commodity.
Vietnam’s total rice export output accounts for about 15% of the world’s. Currently, Vietnamese rice grains are present in more than 150 countries and territories. The rice export volume and turnover in the first 7 months of 2022 reached about 5.7 million tons, equivalent to 3 billion USD. Particularly in November 2022, the export price of rice was about $527.28/ton, which increased 7%; while domestic rice prices remained stable.
According to the forecast of the Department of Food Safety and Hygiene, Vietnam’s rice export output will continue to increase and reach over 6 million tons in 2023. Rice prices will peak at the time of holidays and Lunar New Year when the trading activities of goods will take place strongly. However, the high price of ships will affect the export of rice to countries in the international region.
China is one of the countries with the largest percentage of rice exports in the world. The main markets that Chinese companies are targeting are South Korea, Mongolia, Hong Kong, etc. Compared to previous years, China is now accounting for most of the expected increase in global rice consumption. At the same time, the usage of rice for animal feed and for industry will account for most of the expected increase in the country’s rice demand for the period 2021-2022.
Other countries should notice the Order 248, 249 for agricultural products imported into China, effective from January 1, 2022. This country has introduced stricter standards on quality, origin, packaging, etc. for imported products. This regulation opens up new challenges for businesses that want to boost exports to a market of billions of people.
Pakistan is among the countries with the largest percentage of rice exports. Despite the country’s terrible crisis, Pakistan has never banned companies exporting rice. Thanks to exports, this country has earned more than 2 billion USD per year.
In addition, Pakistan is also competing fiercely with India in exporting premium basmati rice. Therefore, India has now also lost many orders to this country; and Pakistan benefits from the cultivation of rice for export. This activity boosted Pakistan’s rice exports to European countries to 470,000 tons in the period 2020-2021. This number is expected to increase further.
Through the above article, surely readers have learned more about the countries with the largest rice export rate in the world. If you have any questions, please comment below so we can answer your questions.