Thailand - Rice - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingRice Price in Thailand - 2023
Contents:
- Rice Price in Thailand (FOB) - 2023
- Rice Price in Thailand (CIF) - 2023
- Rice Exports in Thailand
- Rice Imports in Thailand
Rice Price in Thailand (FOB) - 2023
The average rice export price stood at $618 per ton in September 2023, growing by 3.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 20% month-to-month. The export price peaked in September 2023.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was the United States ($946 per ton), while the average price for exports to Japan ($470 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Rice Price in Thailand (CIF) - 2023
The average rice import price stood at $1,150 per ton in September 2023, remaining stable against the previous month. In general, import price indicated a modest expansion from September 2022 to September 2023: its price increased at an average monthly rate of +1.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, rice import price decreased by -20.4% against July 2023 indices. The pace of growth was the most pronounced in November 2022 an increase of 67% against the previous month. As a result, import price reached the peak level of $1,507 per ton. From December 2022 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($15,834 per ton), while the price for India ($649 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Australia (+28.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Rice Exports in Thailand
Rice exports from Thailand surged to 7.3M tons in 2022, rising by 16% on the previous year. The total export volume increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, rice exports skyrocketed to $3.9B in 2022. In general, exports, however, showed a perceptible decline.
Export of Rice in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Iraq | 34.4 | 9.9 | 113 | 700 | 173.0% |
United States | 625 | 696 | 500 | 467 | -9.3% |
China | 303 | 271 | 323 | 399 | 9.6% |
South Africa | 297 | 317 | 345 | 334 | 4.0% |
Benin | 415 | 226 | 157 | 143 | -29.9% |
Japan | 112 | 116 | 138 | 136 | 6.7% |
Hong Kong SAR | 190 | 189 | 155 | 135 | -10.8% |
Senegal | 94.6 | 49.0 | 59.4 | 103 | 2.9% |
Cameroon | 217 | 126 | 123 | 95.0 | -24.1% |
Angola | 161 | 165 | 111 | 87.4 | -18.4% |
Yemen | 79.0 | 55.7 | 90.1 | 86.1 | 2.9% |
Mozambique | 114 | 89.0 | 95.9 | 80.5 | -11.0% |
Philippines | 124 | 36.3 | 61.5 | 77.9 | -14.4% |
Others | 1,445 | 1,356 | 1,121 | 1,077 | -9.3% |
Total | 4,211 | 3,700 | 3,394 | 3,921 | -2.4% |
Top Export Markets for Rice from Thailand in 2022:
- Iraq (1600.2K tons)
- South Africa (768.2K tons)
- China (732.9K tons)
- United States (529.8K tons)
- Benin (322.3K tons)
- Japan (312.8K tons)
- Senegal (232.7K tons)
- Cameroon (204.2K tons)
- Angola (197.5K tons)
- Philippines (185.2K tons)
- Yemen (177.9K tons)
- Mozambique (177.1K tons)
- Hong Kong SAR (143.6K tons)
Rice Imports in Thailand
In 2022, overseas purchases of rice decreased by -18.1% to 11K tons, falling for the second year in a row after two years of growth. Overall, imports showed a dramatic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 64%. As a result, imports attained the peak of 37K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, rice imports shrank remarkably to $3.8M in 2022. In general, imports saw a precipitous setback. The most prominent rate of growth was recorded in 2020 when imports increased by 43% against the previous year. As a result, imports reached the peak of $13M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Rice in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 1.3 | 1.5 | 1.6 | 2.3 | 20.9% |
Vietnam | 2.8 | 2.4 | 0.9 | 0.5 | -43.7% |
Pakistan | 0.6 | 1.4 | 1.6 | 0.4 | -12.6% |
India | 0.8 | 0.7 | 1.1 | 0.3 | -27.9% |
China | N/A | 1.8 | 1.7 | 0.1 | -76.4% |
Myanmar | 2.1 | 3.5 | 0.1 | N/A | -78.2% |
Lao People's Democratic Republic | 0.1 | 1.0 | 0.1 | N/A | 0.0% |
Others | 1.5 | 1.0 | 0.4 | 0.2 | -48.9% |
Total | 9.3 | 13.3 | 7.5 | 3.8 | -25.8% |
Top Suppliers of Rice to Thailand in 2022:
- Lao People's Democratic Republic (undefinedK tons)
- Pakistan (6.4K tons)
- Japan (1.8K tons)
- Vietnam (1.2K tons)
- India (0.5K tons)
- Myanmar (0.3K tons)
- China (0.3K tons)
This report provides an in-depth analysis of the rice market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 27 - Rice, paddy
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the rice market in Thailand.
This report provides an in-depth analysis of the milled rice market in Thailand.
This report provides an in-depth analysis of the paddy rice market in Thailand.
This report provides an in-depth analysis of the broken rice market in Thailand.
This report provides an in-depth analysis of the brown rice market in Thailand.
This report provides an in-depth analysis of the milled rice market in Thailand.
This report provides an in-depth analysis of the grain market in Thailand.
This report provides an in-depth analysis of the global rice market.
This report provides an in-depth analysis of the global milled rice market.
This report provides an in-depth analysis of the global paddy rice market.
Rice exports peaked at 12M tons in 2017 but saw a slight decrease from 2018 to 2023. However, the value of rice exports grew to $5.2B in 2023.
During the review period, Rice exports peaked at 12M tons in 2017. From 2018 to 2023, exports saw a decrease, with a value of $5.2B in 2023.
Explore the top import markets for rice and discover key statistics and insights. Learn about the countries with the highest import value for rice, including China, the Philippines, Iran, and more.
This year, rice prices are forecast to ease, thanks primarily to rising production and exports from India, Thailand, Vietnam, China, and Pakistan. India dominates global trade, more than doubling its supplies at a competitive cost over the past two years.
Over 2020-2021 period, the global rice market displayed robust production indicators. Despite a pronounced shortage of shipping containers threatening to disrupt supplies to Africa, the global rice export market continues to expand. India maintains its status as the largest exporter, boasting the most competitive rice export prices.
Explore the top import markets for milled rice in 2023, including key statistics and trends. Discover which countries drive the global demand for rice imports.
Global rice consumption amounted to X tons in 2016 (in terms of milled rice weight), posting modest but robust gains from 2007-2016. The total consumption volume increased at an average annual rate of +X%. Over the period under review, the globa
Global rice consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
Global rice exports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
Global rice imports amounted to X thousand tons in 2015, declining by -X% against the previous year level.