China Rice Market Size (2024 - 2029)

China Rice Market Analysis

The China Rice Market size is estimated at USD 73.80 billion in 2024, and is expected to reach USD 84.80 billion by 2029, at a CAGR of 2.70% during the forecast period (2024-2029).

• China is one of the largest producers and consumers of rice in the world, playing a critical role in the global rice market. According to FAOSTAT, according to the Food and Agriculture Organization (FAO), China produced about 220.0 million metric tons of rice in 2022, with the area harvested being 29.7 million ha. It cultivates a variety of rice, including indica, japonica, and hybrid varieties. Major rice-growing regions include the Yangtze River Basin (central China), the northeastern provinces (like Heilongjiang), and southern provinces (like Guangdong and Guangxi).
• Rice is a staple food in Chinese diets, particularly in the southern provinces. Typically, rice is served plain to be eaten with other dishes, but there are other variations of rice such as congees and fried rice, which can also be consumed on its own. According to FAO-OECD, consumption of rice in China was 150,293 thousand metric tons in 2020, which increased to 156,360 thousand metric tons in 2022.
• Besides, China is one of the major exporters of rice. Despite the huge domestic demand, the country has been able to increase its export volumes over the years. According to the ITC Trade map, China exported around USD 916,281 thousand of rice in 2020, which reached USD 983,750 thousand in 2023. Major importers of Chinese rice are Ivory Coast, Egypt, Turkey, Korea, the Philippines, and Japan. The continuous high rice production in the region is likely to increase export quantity further during the forecast period.
• The Chinese government plays a major role in the rice market, regulating prices, offering subsidies to farmers, and maintaining large rice reserves to ensure food security. China maintains minimum purchase price policies to support rice farmers and stabilize domestic prices. For instance, in 2024, to encourage farmers to grow grain, the Chinese National Development and Reform Commission released a minimum purchase price of rice at CNY 2,580 (USD 358.40).

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 (USD) and volume (metric tons) for the above-mentioned segments.