Central Asia: Rice Market 2024

Rice Market Size in Central Asia

The Central Asian rice market fell to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, saw a slight curtailment. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Rice Production in Central Asia

In value terms, rice production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Kazakhstan (X tons), Uzbekistan (X tons) and Turkmenistan (X tons), with a combined X% share of total production. Tajikistan and Kyrgyzstan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Kyrgyzstan (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average rice yield reached X tons per ha in 2022, approximately equating the previous year's figure. In general, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the yield increased by X%. Over the period under review, the rice yield hit record highs at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of rice were harvested in Central Asia; stabilizing at the year before. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to rice production reached the maximum at X ha in 2017; however, from 2018 to 2022, the harvested area remained at a lower figure.

Rice Exports

Exports in Central Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of rice, when their volume decreased by X% to X tons. In general, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, rice exports skyrocketed to $X in 2022. Overall, exports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from Kazakhstan (X tons), together accounting for X% of total export.

Kazakhstan was also the fastest-growing in terms of the rice exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest rice supplier in Central Asia.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan amounted to X%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, increasing by X% against the previous year. Export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rice export price increased by X% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Rice Imports

Imports in Central Asia

In 2022, overseas purchases of rice decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, rice imports expanded rapidly to $X in 2022. In general, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Mongolia (X tons) represented the largest importer of rice, creating X% of total imports. Tajikistan (X tons) ranks second in terms of the total imports with a X% share, followed by Kazakhstan (X%), Uzbekistan (X%) and Kyrgyzstan (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Uzbekistan (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Mongolia ($X) constitutes the largest market for imported rice in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Tajikistan ($X), with an X% share of total imports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mongolia amounted to X%. In the other countries, the average annual rates were as follows: Tajikistan (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :