Market Size of China Rice Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.70 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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China Rice Market Analysis
The Chinese rice market is projected to register a CAGR of 2.7% during the forecast period.
- The rice yield in China increased from 6.9 metric tons/ha in 2016 to 7.1 metric tons/ha in 2021, owing to the widespread adaptation of improved rice varieties, nutrient management, and cultivation methods.
- The demand for specialized rice varieties, such as aromatic rice and long-grain rice, is steadily driving the market. The government is also undertaking a number of efforts for the production of rice and related industries, which is boosting the China rice market.
- According to Food and Agriculture Organization (FAO), China produced about 214.4 million metric tons of rice in 2021, with the area harvested being 30.4 million ha. The country has dominated production over the ages and continues to do so. All rice cultivation is highly labor-intensive.
- Rice is an annual crop typically grown under flooded conditions through bunds to keep water in the field. China's climate is highly favorable for paddy cultivation, hence, the widespread production.
- Broken rice has accounted for about 50% of China's rice imports, primarily from India and Burma, for feed, liquor, and snack production. Between January and July of 2022, China imported 2.6 million metric tons of Indian rice, 2.5 million of which was broken rice. Rice farms are mainly located in Central China (in the provinces of Jiangsu, Anhui, Hubei, and Sichuan along the Yangtze River Valley), accounting for about 49% of total Chinese rice production (National Bureau of Statistics of China).
China Rice Industry Segmentation
Rice is the starchy seed of an annual southeast Asian cereal grass (Oryza sativa) that can be cooked and used for consumption.
The China rice market is analyzed by production (volume), consumption (volume and value), import (volume and value), export (volume and value), and price trend.
The report offers the market size and forecast in terms of value in USD million and volume in metric ton for the above-mentioned segments.
| China | |
| Production Analysis | |
| Consumption Analysis (Volume and Value) | |
| Import Market Analysis (Volume and Value) | |
| Export Market Analysis (Volume and Value) | |
| Price Trend Analysis |
China Rice Market Size Summary
The Chinese rice market is experiencing steady growth, driven by advancements in agricultural practices and government initiatives. As the world's largest producer of rice, China plays a pivotal role in the global rice industry, with a significant portion of its population relying on rice as a staple food. The country's favorable climate and labor-intensive cultivation methods have contributed to its dominance in rice production. The demand for specialized rice varieties, such as aromatic and long-grain rice, is on the rise, further propelling market expansion. Technological innovations and improvements in rice mill machinery and packaging are also enhancing product demand. Additionally, China's strategic trade policies and international collaborations aim to boost rice productivity and manage domestic food demand effectively.
Despite substantial domestic consumption, China has managed to increase its rice export volumes, underscoring its ability to produce a surplus. The country exports to various nations, including Ivory Coast, Egypt, and Japan, with government policies and trade agreements facilitating these exports. The continuous high production levels are expected to further enhance export quantities. The government's efforts to maintain a balance between domestic needs and international trade, along with initiatives to support farmers, are key factors driving the market. The demand for fresh rice, coupled with strategic export practices, positions China as a significant player in the global rice market.
China Rice Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 China
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2.1.1 Production Analysis
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2.1.2 Consumption Analysis (Volume and Value)
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2.1.3 Import Market Analysis (Volume and Value)
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2.1.4 Export Market Analysis (Volume and Value)
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2.1.5 Price Trend Analysis
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China Rice Market Size FAQs
What is the current China Rice Market size?
The China Rice Market is projected to register a CAGR of 2.70% during the forecast period (2024-2029)
What years does this China Rice Market cover?
The report covers the China Rice Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Rice Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
