Liberia is a country located on the western coast of Africa. Total Annual Rice Consumption: 0.58 million metric tons Southern regions, such as Guangdong and Fujian, have a higher rice consumption compared to northern regions, where wheat-based foods like noodles and dumplings are more popular. Rice consumption behaviour varies across different regions of China. Total Annual Rice Consumption: 152 million metric tonsĬhina has the distinction of being the world’s biggest producer and consumer of rice on an annual basis. Additionally, other rice varieties like "Faro" (upland rice) and "Lemba" (local aromatic rice) are also grown and consumed in certain regions of Mali. Mali predominantly consumes locally-produced long-grain white rice, known as "Nérée" or "Néréki." This variety is known for its peculiar taste and is preferred by the population. Mali is a landlocked country located in West Africa with a heavy reliance on rice. Total Annual Rice Consumption: 2.25 million metric tons 20 Countries with Highest Rice Consumption Per Capita 20. The countries have been ranked in ascending order of their rice consumption per capita as of 2023. We obtained the annual rice consumption data for all the countries from the Foreign Agricultural Service ( FAS) office of the US Department of Agriculture (USDA). To calculate the rice consumption per capita for each country, we divided the annual consumption by the total population figures sourced from the World Bank. Russia and Ukraine were collectively responsible for 25% of the global trade of wheat and 20% of corn before the start of the conflict. Furthermore, like all the other major commodities of the world, the prices of rice also observed an uptick following the start of the conflict between Russia and Ukraine in February 2022, as rice acted as a replacement for staples like wheat and corn. The price of rice in 2022 is still one-third higher than the price of the commodity during the pre-pandemic period between 20 due to the extensive drawdown of inventory during the pandemic. Countries that eat rice every day, like Bangladesh and Vietnam, are particularly affected by the shortages and price increases. However, the industry is expected to overcome this shortfall in the 2023/24 season and reach a surplus in the 2024/25 season. The shortage can be attributed to an increase in global demand and production-related challenges in rice-producing countries like China and Pakistan. A report by Fitch Solutions Country Risk and Industry Research predicts that these production levels would result in a shortage of 8.7 million metric tons of rice during the season. You can read more about the 10 Vegan Stocks Billionaires Are Buying here.Īccording to Cornell University, global rice production is expected to be around 503.3 million tons during the 2022/23 season. (NYSE: CTVA), are expected to benefit from the expanding rice industry. (NASDAQ: MGPI), RiceBran Technologies (NASDAQ: RIBT), and Corteva, Inc. Many vegan and agricultural stocks, such as MGP Ingredients, Inc. This translates into a daily rice consumption per capita of 184.9 grams. Overall, the annual average rice consumption per person stands at 67.5 kg as of 2023. The industry is set to expand at a compound annual growth rate (CAGR) of 2.6% to reach a size of $356 billion by the end of this decade. Rice is one of the most widely consumed staple foods in the world, particularly in Asia, where it forms a significant part of the diet. According to a report issued by IndustryARC, the size of the global rice industry stood at $293.8 billion in 2022. In this article, we will be covering the top 20 countries with highest rice consumption per capita. If you want to skip our detailed analysis of the rice industry and consumption trends, go directly to the Top 5 Countries with Highest Rice Consumption Per Capita.
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