As a staple food, rice plays a crucial role in the daily diets of people in Asia, Africa, and Latin America. It can be consumed directly by steaming or cooking and can also be processed into various products such as rice flour, rice cakes, and rice porridge. Rich in carbohydrates, vitamins, and minerals, rice is an essential source of energy for the human body.
According to analysis by the publisher, the world’s leading rice exporters include India, Thailand, Vietnam, and Pakistan. In recent years, Vietnam has emerged as a significant rice exporter, supported by its abundant paddy fields and favorable government policies, leading to a steady increase in its rice exports.
In Vietnam, rice is one of the main agricultural products and a vital export commodity. According to the publisher, Vietnam benefits from a climate well-suited for rice cultivation and vast paddy fields, primarily located in the Mekong Delta region. Vietnamese rice is known for its specialty varieties such as aromatic rice (especially ST25 rice) and glutinous rice, which have unique flavors and textures. In recent years, through improved cultivation techniques and market development, Vietnam has significantly increased its rice production and export volumes.
The publisher data indicates that in 2023, Vietnam's rice production reached 43.5 million tons, a 1.9% increase compared to the previous year. The rice output not only satisfies domestic demand and feedstock processing requirements but also allows for significant exports.
In 2023, Vietnam set a record by exporting 8.3 million tons of rice, with a total export value of USD 4.78 billion, reflecting a year-on-year increase of 38.4%. In 2024, the rice planting area in Vietnam reached 7.1 million hectares, with the agricultural sector aiming to increase land productivity and maintain rice production at 43-43.5 million tons. The demand for Vietnamese rice in the international market has continued to grow in 2024, with cumulative export value exceeding USD 2.6 billion from January to May.
According to the publisher, from 2021 to 2024, the primary destinations for Vietnamese rice were the Philippines, Singapore, China, etc. Key companies importing rice from Vietnam include PERUM BULOG, LOUIS DREYFUS COMPANY ASIA PTE LTD, and ALIMPORT, EMPRESA COMERCIALIZADORA DE ALIMENTOS. Many international distributors also have subsidiaries in Vietnam that handle rice exports. Major exporters of Vietnamese rice include VINAFOOD, THANH TIN CO, LTD, and INTIMEX GROUP.
Overall, as a globally significant food crop, the market demand for rice remains stable and continues to grow. With the increasing global population and changes in dietary structures, rice production and exports have become increasingly important in international trade. Vietnam, as a major rice producer and exporter, continues to enhance its competitiveness in the global market by optimizing cultivation and processing technologies and improving product quality. The publisher expects the export volume of Vietnamese rice to maintain a growth trend in the coming years.
Topics covered:
- The Export Volume and Value of Rice in Vietnam (2021-2024)
- Total Export Volume and Percentage Change of Rice in Vietnam (2021-2024)
- Total Export Value and Percentage Change of Rice in Vietnam (2021-2024)
- Total Export Volume and Percentage Change of Rice in Vietnam (January-May 2024)
- Total Export Value and Percentage Change of Rice in Vietnam (January-May 2024)
- Average Export Price of Rice in Vietnam (2021-2024)
- Top 10 Export Destinations for Vietnam Rice and Their Import Volume
- Top 10 Suppliers in the Export Market of Rice in Vietnam and Their Export Volume
- Top 10 Buyers in the Export Market of Rice in Vietnam and Their Import Volume
- How to Find International Distributors and End Users of Rice in Vietnam
- How Foreign Enterprises Enter the Rice Export Market of Vietnam
- Forecast for the Export of Rice in Vietnam (2024-2033)
Table of Contents
Companies Mentioned
- Perum Bulog
- Louis Dreyfus Company Asia Pte Ltd.
- Alimport
- Empresa Comercializadora De Alimentos
- Vinafood
- Thanh Tin Co Ltd.
- Intimex Group
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | August 2024 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value in 2024 | 8466 Thousand Tons |
| Forecasted Market Value by 2033 | 10118 Thousand Tons |
| Compound Annual Growth Rate | 2.0% |
| Regions Covered | Vietnam |
| No. of Companies Mentioned | 7 |
