Global Vietnamese Agricultural grain Rice market - expected to get a rapid boost.
In terms of Rice, Vietnam is a very rich country they are exporting Vietnamese rice of more than 6.5 to 6.7 Million tonnes of Rice around the world.
Vietnam is leading the 3rd rank in terms of rice export throughout the world and generating a remarkable amount of money through the export sector.
In this blog, Exim Trade Data provides a market intelligence report on Global Vietnamese Agricultural grain Rice market - expected to get a rapid boost. Additionally, offers you some important information related to the global Rice market.
As we all know that South Asian countries are very rich in the agricultural sector. If we talk about Vietnam then we have to know that Vietnamese tropical crops and aquatic products are in high demand throughout the world.
According to the Vietnam Import-export Data, the total rice export value Vietnam generated is about $3.3 Billion US Dollars in the year 2021.
As per the Vietnam import data, Vietnam is leading the 18th rank in the world as a largest importer with a total value of around $408.9 Billion US Dollars in the year 2021.
Vietnam exported rice on average for $477 per tonne in 2021, A total of 3.83 percent decrease from the previous year.
As per the Vietnam Export Data, Vietnamese rice prices were still the most expensive at the start of 2021. On the 25th of March, the price of tonnes of rice from Thailand, Vietnam, and India with a 5% breakage rate increased to $515–520, $500–518 per tonne, and $398–403, respectively.
As per our latest market research report, Vietnam's rice export price in January 2021 was around $551.7 per tonne.
What are the top 3 Rice exporting Countries in the world?
Rice is a staple food in many parts of the world and is one of the most important crops in the world. It is a major source of income and employment for millions of people around the world.
With the global demand for rice on the rise, it's no surprise that countries that produce the grain are seeing a boom in exports. Here are the top three rice exporting countries in the world, based on the latest data from the Global import-export data provider.
India - India is the largest exporter of rice throughout the world. According to the India Import-export Data, In the previous year, India generated a total of $8 Billion US Dollars approximately in rice exports.
Thailand - Thailand is the 2nd largest exporter of rice in the entire world. As per the latest Thailand Import-Export Data, last year, the total amount that are created is around $3.7 Billion US Dollars approximately in Rice exports.
Vietnam - Vietnam is the third largest exporter of rice around the globe. Based on the latest Vietnam Imoprt-export data, Vietnam is collected a total revenue of around $3.3 Billion US Dollars approximately in rice export.
The three countries that are the leading rice export in the world, accounting for a combined total of more than 70% of the world’s rice exports.
India is the largest exporter of rice, followed by Thailand, Vietnam, Pakistan, and US. It's clear that rice is big business, and countries that can produce the grain are in a good position to take advantage of the demand.
Write down the five reasons why the demand of Rice is rapidly increasing?
The demand for rice is on the rise, and there are a number of reasons behind it. Here we listed the five of the most important ones:
The population is growing. More people means more demand for rice.
Rice is a staple food in many cultures. As such, it is an essential part of the diet for many people around the world.
Rice is relatively easy to grow and transport, making it a good option for farmers and food producers.
The price of rice is relatively affordable, making it a popular choice for consumers.
rice is a versatile ingredient that can be used in a variety of dishes. This makes it a popular choice for both home cooks and professional chefs alike.
These are just a few of the reasons why the demand for rice is on the rise. With the world population expected to continue growing, it is likely that the demand for rice will continue to increase in the upcoming years.
Conclusion - in this blog, we give you enough information about the Global Vietnamese Agricultural grain Rice market - expected to get a rapid boost. Additionally, gives answers to your question such as Write down the five reasons why the demand of Rice is rapidly increasing, What are the top 3 Rice exporting Countries in the world, and many more.
We assume that the information is enough and helpful for your import-export business. You can reach out to me anytime if you have any query.
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