Rice Market - India’s Rice Exports Slipped 3% in 2014

Rice September 07, 2015
Blog Blog  /  Agriculture  /  Rice
Author: Svetlana Sitkova
Head of Industrial Research Department

rice market

India, despite a slight drop in exports in 2014, continued its dominance in the global rice trade. In 2014, India exported 11,162 thousand tonnes of rice totaling 7,906 million USD, 3% under the previous year. Its primary trading partner on the global rice market was Saudi Arabia, where it supplied 17% of its total rice exports in value terms, accounting for essentially all of Saudi Arabia's total imports.

From 2007 to 2014, India was a net exporter of rice. Over this period, exports consistently exceeded imports in value terms. In physical terms this difference was even more pronounced.

Thailand and Pakistan were among the other main global suppliers of rice in 2014. Thailand was the leader in global rice exports until 2011. The fastest growing exporters from 2007 to 2014 were Brazil (+33% per year) and Australia (+17% per year).

India's top 5 trading partners in 2014 were Saudi Arabia, Iran, the United Arab Emirates, Bangladesh and Kuwait, with a combined 47% share of India's rice exports. The share of Iran increased significantly (+16 percentage points), while the share of Bangladesh dropped sharply (-14 percentage points).

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Source: World: Rice - Market Report. Analysis And Forecast To 2020