Rice Industry Overview and Outlook
RICE | GLOBAL INDUSTRY
Is Rice Consumption & Population trend Relatable?
•
World average population grows at a rate of
3.5%
~1.2% (CY16 CY20), with very low
Rice Consumption Vs. World Population | Growth
variations on a YoY basis.
•
Meanwhile, rice consumption patterns
recorded an average growth of ~0.9%
through these years. Unlike population
growth, rice consumption trend depicts
2.5%
1.5%
volatility. In CY17, world rice consumption
grew strongly by ~3.3%, while dropping to a
0.5%
negative 0.5% in CY18.
•
Though rice is a staple crop for many
-0.5%
CY15
CY16
CY17
CY18
CY19
CY20*
countries, the following factors can be
construed to be additional contributing
factors to the consumption patterns of the
crop:
-1.5%
-2.5%
Crop Output and Yield in a particular season.
Availability of Substitutional food crops.
Population growth Rate (%)
-Rice Consumption growth (%)
Source: USDA, World bank
3
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