Organic Rice Market - Prices For Imported Organic Rice Grow At A Minimal Pace

Organic Food December 26, 2016
Author: Maria Fadeeva
Market Analyst

organic rice market

Photo: © ErikdeGraaf / Bigstockphoto

U.S. imports of organic rice amounted to 24,444 thousand USD in 2015, which is nearly equivalent to their value in 2011. Over the period under review, imports showed mild fluctuations, rising in 2012 and 2013, and falling by 20% in 2014.

According to IndexBox estimates, Thailand remained the dominant foreign supplier to the U.S. organic rice market. In 2015, Thailand's organic rice imports totaled 10,966 thousand USD, which accounted for a 45% share in terms of U.S. imports. India, Argentina, China, and Italy were the other key suppliers of organic rice in 2015, with a 52% combined share of total organic imports.

China (+125.5% per year) and Argentina (+83.5% per year) were the fastest growing exporters of organic rice to the U.S. from 2011 to 2015. India significantly strengthened its position in terms of U.S. organic rice imports, growing its share from 22% in 2011 to 39% in 2015.

Import prices for organic rice grew by a modest 0.8% annually from 2011 to 2015. The highest annual rates were recorded in Argentina (9.2%), followed by China (2.6%).

The average import price for organic rice was 1.21 USD per kg in 2015. Import prices varied considerably by country of origin. Italy (2.38 USD/kg) was a high priced country of origin, while Thailand (1.14 USD/kg) and Argentina (0.94 USD/kg) were among the lowest.

U.S. Imports of Organic Rice, in Value Terms

Key Exporters of Organic Rice Into The U.S.

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Source: U.S. Organic Rice Market. Analysis and Forecast To 2020