Rice has been an important staple food for human beings for thousands of years. It is the predominant grain in many parts of the world, and over half of the world’s population depends on rice as a major source of nutrition. Similarly, rice producing countries economy depends on rice production and export.
It is consumed by more than half of the world’s population, and more than two-thirds of the world’s rice production is consumed in Asia. Rice is produced in all tropical and subtropical regions of the world. The following are the top seven countries in terms of rice production and export volume.
The top seven exporters of rice are India, Thailand, Vietnam, Pakistan, China, Burma, and Cambodia. These countries accounted for more than 90% of the global rice exports in 2021.
Global Rice Consumption in 2022
Rice consumption is expected to grow by around 3% per year over the next decade, reaching 476 million tonnes by 2022. This growth will be driven by population growth and rising incomes in developing countries.
China and India are the two largest consumers of rice, accounting for almost half of global demand. Both countries are expected to see.
Basmati Rice is a staple food in many parts of the world, and its popularity is increasing with each passing day. The global rice market is expected to grow from $251.5 billion in 2017 to $307.9 billion by 2022, at a CAGR of 3.2%. The Asia-Pacific region is the largest consumer of rice, accounting for more than 60% of the global demand.
The demand for high-quality rice is increasing, as consumers are becoming more aware of the health benefits of this grain. The use of modern agricultural techniques and better storage facilities is also contributing to the growth of global rice.
Exporters of Basmati Rice
Basmati Rice is a long-grain, aromatic rice. It is light and fluffy and has a nutty flavor. Basmati rice is the most popular type of rice in the world and is grown in India, Pakistan, and Bangladesh.
There are many exporters of Basmati rice around the world. Some of the largest exporters are India, Pakistan, and Thailand. These countries produce some of the best quality Basmati rice in the world.
Basmati Rice Export From India
In the current year, the total basmati rice export from India is expected to be around 6.5 million tonnes which will be worth around $3 billion. The major destinations for basmati rice exports from India are Pakistan, Bangladesh and Nepal (which together constitute around 60% of total export). The other important destinations include UAE, Saudi Arabia, Kuwait and Iran etc. The biggest market for Indian Basmati rice is Pakistan where it has captured nearly 40% market share due to its high quality and taste as compared to Pakistani Basmati rice which is considered inferior in quality and aroma when compared to Indian Basmati rice
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