In Thailand, seasonal rainfall occurs in the form of the southwest monsoon, which usually begins its heaviest rainfall pattern in June and continues through September. The germination and growth of Thai rice is largely dependent on these seasonal rains. Seasonal rains favor early planting and enhance rice yields.

In 2022, Thailand exported 7.69 million tons of rice, exceeding the Ministry of Commerce’s target of 7.5 million tons. Exports rose 25.77 percent from 6.12 million tons in 2021, while the value in Thai baht terms increased 28.48 percent to 138.45 billion baht ($4.02 billion). 2022 saw Thailand become the world’s second-largest rice exporter after India, which exported 21.9 million tons.

Iraq is the largest importer of Thai rice, buying 1.6 million tons last year, up 458 percent from a year earlier. South Africa came in second, importing 775,000 tons (down 2.26 percent), followed by China at 750,000 tons (up 18.8 percent), the United States at 650,000 tons (up 13.2 percent) and Benin at 321,000 tons (down 15.3 percent). According to CRI’s analysis, in 2022, Thailand’s total rice production of nearly 18.86 million tons meets demand for domestic consumption, processing, use in poultry and livestock feed, and export.

In terms of price, the average price of Thai rice exports increased by 2.16 percent year-on-year to $521.88 per ton in 2022. The price of broken 5% white rice remained high on the world market, rising to US$523 per ton on January 18 from US$465 per ton in mid-December.

The baht weakens again in 2023. The outlook for the Thai baht is critical for the country’s rice exports this year. If the baht continues to weaken, Thai rice exports will be competitive in the world market.

A weaker baht, rising domestic consumption stocks in India and Vietnam, and growing demand from the Middle East are key factors helping to drive Thai rice exports. CRI expects the exports volume of Thailand’s rice to reach 9.01 million tons in 2032, growing at a compound annual growth rate (CAGR) of 1.6 percent over the 2023-2032 period.

Topics covered:

• Overview of the Thai rice industry
• Economic and policy environment of the Thai rice industry
• What is the impact of COVID-19 on the Thai rice industry?
• Market Size of Thai Rice Industry, 2023-2032
• Analysis of major Thai rice industry players
• Key Drivers and Market Opportunities in Thailand Rice Industry
• What are the key drivers, challenges and opportunities for the Thai Rice industry during the forecast period 2023-2032?
• Which are the key players in the Thailand Rice Industry market and what are their competitive advantages?
• What is the expected revenue of Thailand Rice Industry market during the forecast period 2023-2032?
• What strategies have been adopted by the key players in the market to increase their market share in the industry?
• Which segment of the Thailand Rice Industry market is expected to dominate the market by 2032?
• What are the major unfavorable factors facing the Thai rice industry?

Table of Contents

1. Thailand Overview

1.1 Geographical Situation

1.2 Thailand’s Demographic Structure

1.3 Thailand’s Economy

1.4 Minimum Wage in Thailand, 2011-2022

1.5 Impact of COVID-19 on the Thai Rice Industry

2. Thailand Rice Industry Development Environment

2.1 Brief History of Rice Development in Thailand

2.2 Types of Thai Rice

2.3 Policy Environment of Thai Rice Industry

3. Supply and Demand Situation of Thailand Rice Industry

3.1 Supply Situation of Thailand Rice Industry

3.2 Demand Situation in the Thai Rice Industry

4. Import and Export Status of Thailand’s Rice Industry

4.1 Import Status of the Thai Rice Industry

4.1.1 Thailand Rice Import Volume and Value

4.1.2 Main Import Sources of Thai Rice

4.2 Export Status of Thailand’s Rice Industry

4.2.1 Volume and Value of Thailand’s Rice Exports

4.2.2 Main Export Destinations of Thai Rice

5. Market Competition in Thailand Rice Industry

5.1 Entry Barriers for Thai Rice Industry

5.1.1 Brand Barriers

5.1.2 Quality Barriers

5.1.3 Capital Barriers

5.2 Competitive Structure of the Thai Rice Industry

5.2.1 Bargaining Power of Rice Suppliers

5.2.2 Consumer Bargaining Power

5.2.3 Competition in the Thai Rice Industry

5.2.4 Potential Entrants in the Rice Industry

5.2.5 Alternatives to Rice

6. Analysis of Major Rice Exporters in Thailand

6.1 Group of Asia Golden Rice Co., Ltd.

6.1.1 History of Group of Asia Golden Rice Co., Ltd.

6.1.2 Main Products of Group of Asia Golden Rice Co., Ltd.

6.1.3 Operational Mode of Group of Asia Golden Rice Co., Ltd.

… (Continuing for other companies)

7. Thailand Rice Industry Outlook, 2023-2032

7.1 Analysis of Factors for Development of Thailand Rice Industry

7.1.1 Drivers and Development Opportunities for Thailand Rice Industry

7.1.2 Threats and Challenges Facing the Thai Rice Industry

7.2 Thailand Rice Industry Supply Forecast

7.3 Demand Forecast for Thailand Rice Market

7.4 Thailand Rice Import and Export Forecast

The post Thailand Rice Industry Research Report 2022-2032 first appeared on CRI Report.

With the development of China’s economy and rising living standards, the demand for rice in the Chinese market is on the rise. Due to the limited arable land, there is little room for growth in China’s local rice production, and China needs to import a large amount of rice every year.

In 2021, China’s total rice imports were 4.963 million tons, up 68.7% year-on-year; the import value was US$2.23 billion, up 494.4% year-on-year. In the first three quarters of 2022, China’s total rice imports were 5.054 million tons, already exceeding the previous year’s total imports, up 41.1% year-on-year, and the import value was US$2.11 billion, up 29.3% year-on-year.

In 2021, the top five source countries for China’s rice imports by import volume were India, Vietnam, Pakistan, Myanmar and Thailand. Among them, India ranked first in terms of rice import volume with 1.089 million tons, accounting for 21.9%, and the import value amounted to US$370 million, accounting for 16.6%.

According to CRI’s analysis, the top five source countries for China’s rice imports remained unchanged in the first three quarters of 2022, but rice imports from Pakistan overtook Vietnam to jump to second place. India remains China’s largest source of rice imports, with a volume of 2.042 million tons, up 140.5% year-on-year, accounting for 40.4% of total imports, which amounted to US$730 million, or 34.6%.

In terms of import types, the main types of rice imported by China are long-grain rice concentrate and long-grain rice broken.

In 2021, China imported 2.271 million tons of long-grain rice concentrate and 2.20 million tons of long-grain rice broken, which together accounted for 90.1% of total imports, with import values of US$1.19 billion and US$840 million, respectively, accounting for 91.0% of total imports.

In the first three quarters of 2022, the China imported 2.727 million tons of long-grain rice broken rice and 1.832 million tons of long-grain rice refined rice, with import values of US$990 million and US$910 million, respectively.

CRI expects China’s overall rice imports to continue to rise in the future, and there are still many opportunities in the Chinese market for global rice export trading companies.

Topics covered:

• China’s Rice Import Status and Major Sources in 2018-2022
• What is the Impact of COVID-19 on China’s Rice Import?
• Which Companies are the Major Players in China’s Rice Import Market and What are their Competitive Benchmarks?
• Key Drivers and Market Opportunities in China’s Rice Import
• What are the Key Drivers, Challenges, and Opportunities for China’s Rice Import during 2023-2032?
• What is the Expected Revenue of China’s Rice Import during 2023-2032?
• What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
• What are the Competitive Advantages of the Major Players in China’s Rice Import Market?
• Which Segment of China’s Rice Import is Expected to Dominate the Market in 2032?
• What are the Major Adverse Factors Facing China’s Rice Import?

The post Research Report on China’s Rice Import 2023-2032 first appeared on CRI Report.

Vietnam is rich in rice, tropical crops and aquatic products and is a major exporter of agricultural products in Southeast Asia, and the third largest exporter of rice in the world.

According to CRI’s analysis, Vietnam’s rice export value reached USD3.133 billion in 2021, and rice has become a bright spot in Vietnam’s agricultural products exports. This is a remarkable achievement of the rice industry for many years, especially in the context of natural disasters and COVID-19 epidemic that hit Vietnam’s agriculture in 2020 in terms of production and export.

In 2021, Vietnam’s total rice production was about 44 million tons, meeting the demand for domestic consumption, processing, poultry and livestock feed, and export, etc. In 2020, its rice exports grew against the backdrop of a decline in exports of many of Vietnam’s long-dominant agricultural products due to the COVID-19 epidemic. In 2021, rice exports increased from 5.28 million tons to 6.57 million tons.

In terms of price, the average price of Vietnam’s rice exports in 2021 dropped 3.83 percent year on year to $477 per ton. At the beginning of 2021, Vietnamese rice prices still maintained the highest position. On March 25th, Vietnamese rice with a 5% breakage rate rose to $515-520 per ton, Thai rice of the same variety to $500-518 per ton and Indian rice to $398-403. In January 2021, Vietnam’s rice export price reached $551.7 per ton.

Since the EU-Vietnam Free Trade Agreement (EVFTA) came into force on August 1, 2020, the rice exports have rapidly seen an upturn. According to EVFTA, the EU provides Vietnam with 80,000 tons of rice for export at 0% tax rate annually (including 30,000 tons of milled rice, 20,000 tons of unmilled rice and 30,000 tons of aromatic rice).

For rice from Vietnam, the EU will reduce the import duty rate to zero in the coming years. Taking advantage of the above, from September 2020, Vietnam started to sell rice to the EU at a much higher price than before. Specifically, before EVFTA came into effect, the prices of ST20 rice and Jasmine rice exported to the EU were USD800 and USD520 per ton, respectively, while now the prices are over USD1,000 and USD600, respectively.

According to CRI’s analysis, there are three reasons for the rise in Vietnam’s rice prices. Firstly, the government issued an agricultural restructuring proposal, by which the rice structure has been strongly adjusted, changing the rice cultivation protocols, i.e., paying more attention to improving rice quality rather than increasing production.

Around 2015, Vietnam’s quality rice seeds accounted for only 35%-40% of the total seeds, while in 2020 the Chart reached 75%-80%, and even in some places, the usage rate of quality rice seeds is as high as 90%.

Secondly, Vietnam has signed many FTAs such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Europe-Vietnam Free Trade Agreement (EVFTA) with many countries, which creates conditions for a breakthrough in Vietnam’s rice exports. Third, many industries were affected by the COVID-19 epidemic in 2020, but the market demand for food has not decreased.

According to CRI’s analysis, the Jiulong River Plain is the center of rice cultivation in Vietnam, contributing 50% of rice production and 95% of rice exports to Vietnam’s agriculture.

In 2020, the Jiulong River Plain cultivated more than 1.5 million hectares of rice per season, with an average yield of 6 tons per hectare and an annual rice production of more than 24 million tons. Furthermore, its winter-spring rice production is expected to reach 10 million tons from 2020 to 2021.

CRI expects Vietnam’s rice exports to continue to rise in both volume and value in 2022-2031.

Topics covered:

• Overview of Vietnam’s Rice Industry
• Economic and Policy Environment of Vietnam’s Rice Industry
• What is the Impact of COVID-19 on Vietnam’s Rice Industry?
• Imports volumes and values of Vietnam’s Rice, 2016-2021
• Forecast on Imports volumes and values of Vietnam’s Rice, 2022-2031
• Analysis of Major Rice Companies in Vietnam
• Key Drivers and Market Opportunities in Vietnam’s Rice Industry
• What are the key drivers, challenges, and opportunities for the rice industry in Vietnam during 2022-2031?
• What is the expected revenue of Vietnam rice market during 2022-2031?
• What are the strategies adopted by the key players in the market to increase their market share in the industry?
• Which segment of Vietnam’s rice market is expected to dominate the market in 2031?
• What are the major adverse factors facing the rice industry in Vietnam?

The post Research Report on Vietnam Rice Industry 2022-2031 first appeared on CRI Report.

Vietnam is rich in rice, tropical crops and aquatic products and is a major exporter of agricultural products in Southeast Asia, and the third largest exporter of rice in the world.

According to CRI’s analysis, Vietnam’s rice export value reached USD3.07 billion in 2020, and rice has become a bright spot in Vietnam’s agricultural products exports. This is a remarkable achievement of the rice industry for many years, especially in the context of natural disasters and COVID-19 epidemic that hit Vietnam’s agriculture in 2020 in terms of production and export.

In 2020, Vietnam’s total rice production was 42.7 million tons, meeting the demand for domestic consumption, processing, poultry and livestock feed, and export, etc. In 2020, its rice exports grew against the backdrop of a decline in exports of many of Vietnam’s long-dominant agricultural products due to the COVID-19 epidemic.

Notably, the bright spot of the country’s rice exports was not in terms of production, but in terms of price. According to CRI’s analysis, in 2020, the average price of Vietnam’s rice exports increased by 13%, compared to the same period in 2019, reaching USD496 per ton.

In early December 2020, the price of Vietnam’s rice with 5% crushing was USD493 to USD497 per ton, which is USD20 higher than that of Thai’s rice and USD120 higher than that of Indian rice. This is the highest price in the history of Vietnam’s rice exports, indicating that the brand value of Vietnam’s rice has increased significantly.

Since the EU-Vietnam Free Trade Agreement (EVFTA) came into force on August 1, 2020, the rice exports have rapidly seen an upturn. According to EVFTA, the EU provides Vietnam with 80,000 tons of rice for export at 0% tax rate annually (including 30,000 tons of milled rice, 20,000 tons of unmilled rice and 30,000 tons of aromatic rice).

For rice from Vietnam, the EU will reduce the import duty rate to zero in the coming years. Taking advantage of the above, from September 2020, Vietnam started to sell rice to the EU at a much higher price than before. Specifically, before EVFTA came into effect, the prices of ST20 rice and Jasmine rice exported to the EU were USD800 and USD520 per ton, respectively, while now the prices are over USD1,000 and USD600, respectively.

According to CRI’s analysis, there are three reasons for the rise in Vietnam’s rice prices. Firstly, the government issued an agricultural restructuring proposal, by which the rice structure has been strongly adjusted, changing the rice cultivation protocols, i.e., paying more attention to improving rice quality rather than increasing production.

Around 2015, Vietnam’s quality rice seeds accounted for only 35%-40% of the total seeds, while in 2020 the Chart reached 75%-80%, and even in some places, the usage rate of quality rice seeds is as high as 90%.

Secondly, Vietnam has signed many FTAs such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Europe-Vietnam Free Trade Agreement (EVFTA) with many countries, which creates conditions for a breakthrough in Vietnam’s rice exports. Third, many industries were affected by the COVID-19 epidemic in 2020, but the market demand for food has not decreased.

According to CRI’s analysis, the Jiulong River Plain is the center of rice cultivation in Vietnam, contributing 50% of rice production and 95% of rice exports to Vietnam’s agriculture.

In 2020, the Jiulong River Plain cultivated more than 1.5 million hectares of rice per season, with an average yield of 6 tons per hectare and an annual rice production of more than 24 million tons. Furthermore, its winter-spring rice production is expected to reach 10 million tons from 2020 to 2021.

CRI expects Vietnam’s rice exports to continue to rise in both volume and value in 2022-2030.

Topics covered:

• Overview of Vietnam’s Rice Industry
• Economic and Policy Environment of Vietnam’s Rice Industry
• What is the Impact of COVID-19 on Vietnam’s Rice Industry?
• Imports volumes and values of Vietnam’s Rice, 2016-2021
• Forecast on Imports volumes and values of Vietnam’s Rice, 2022-2030
• Analysis of Major Rice Companies in Vietnam
• Key Drivers and Market Opportunities in Vietnam’s Rice Industry
• What are the key drivers, challenges, and opportunities for the rice industry in Vietnam during 2022-2030?
• What is the expected revenue of Vietnam rice market during 2022-2030?
• What are the strategies adopted by the key players in the market to increase their market share in the industry?
• Which segment of Vietnam’s rice market is expected to dominate the market in 2030?
• What are the major adverse factors facing the rice industry in Vietnam?

Related reports:

US Packaged Dry Rice Market (2019 – 2024)

Research Report on Paddy and Rice Import in China, 2019-2023

Vietnam Textile and Garment Industry Report 2021-2025

The post Research Report on Vietnam’s Rice Industry 2016-2030 first appeared on CRI Report.

Topics Covered:
– Introduction to China’s import tariff quotas for agricultural products
– Analysis on advantages and disadvantages of China’s import tariff quotas for agricultural products
– China’s import of agricultural products subject to tariff rate quota administration
– Major enterprises granted with China’s import tariff quotas for agricultural products
– Forecast on development of China’s import tariff quotas for agricultural products

The post Research Report on China’s Import Tariff Quotas for Agricultural Products, 2019-2023 first appeared on CRI Report.

Topics Covered:
– Major factors influencing paddy and rice import in China
– Analysis on supply for and demand of paddy and rice in China
– Import volumes of paddy and rice in China
– Import prices of rice in China
– Major sources of China’s rice imports
– Analysis on rice smuggling to China
– Prospect of paddy and rice import in China from 2019 to 2023

The post Research Report on Paddy and Rice Import in China, 2019-2023 first appeared on CRI Report.