Egypt is a prominent rice market in the North African region with the country’s rice supply being tabulated at 60.9 kg paddy/capita/year. The demand is higher than production which makes the region dependent on rice imports. The government in the country imports rice from China, India, Thailand, and Russia.
Indian export of rice to Egypt was US$27.59 Million during 2020, according to the United Nations COMTRADE database on international trade. According to APEDA (Agricultural and Processed Food Exports Development Authority), Basmati rice exports to Egypt have more than doubled in 2020-21 since the fiscal year 2017-18.
Indian Basmati rice: Dominating world exports
Basmati rice is grown in the Himalayan foothills of the Indian sub-continent and is much in demand from food enthusiasts around the world. The extra-long slender grains acquire a soft, fluffy texture upon cooking and the taste is delicious. These features of the rice are due to the agro-climatic conditions of the specific geographical area. The main states in India where the rice is grown are J&K, Himachal Pradesh, Haryana, Uttarakhand, Western Uttar Pradesh, and Delhi.
Globally, India dominates the trade-in fragrant, aromatic rice. In 2018-19, India exported USD 4,712.43 million worth of the fragrant rice variety, which is an increase of 13.02% over the last fiscal year.
Egypt leading the demand from Africa
The demand for rice has increased in Egypt due to the growing demand from middle-income class consumers, a high rate of urbanization, and a growth in population. Rice is extensively used in the country to prepare gourmet recipes; a good shelf life has also attracted consumers in the region to the cereal.
Global Trends in Basmati Rice Production & Consumption
The size of the world rice industry is approximately US$275 billion. Out of this total, the Basmati industry accounts for US$5.8 billion (2.1%). The consumption market for the long-grained fragrant rice is led by the Middle East; the Middle East is the largest region consumption market, accounting for about 27.08% of world consumption.
Basmati rice is much in demand in the Middle East and African countries. Rice has always been an important part of Middle Eastern cuisine and is extensively used in a number of dishes that contain low rice, meat, sauces, and dried fruits.
The rice market in India is partly feeding on this demand. Other factors driving the growth of the sector are an increase in population and a rise in disposable income in many importing countries. Fueled by all these drivers, the Indian basmati rice market is expected to record a CAGR of +6% over the forecast period 2019-2025.
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The demand for Indian-origin scented Basmati rice is expected to increase owing to the price competitiveness of Indian rice in global markets.
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