Rwanda: Rice Market and the Impact of COVID-19 on It in the Medium Term (2023)

The rice market in Rwanda was equal to 139.00 million USD (calculated in retail prices) in 2015. Until 2025, the rice market in Rwanda is forecast to reach 371.53 million USD (in retail prices), thus increasing at a CAGR of 8.95% per annum for the period 2020-2024. This is a decrease, compared to the growth of about 12.04% per year, registered in 2015-2019.
The average consumption per capita in value terms reached 12.22 USD per capita (in retail prices) in 2015. In the next five years, it grew at a CAGR of 9.39% per annum. In the medium term (by 2025), the indicator is forecast to slow down its growth and increase at a CAGR of 6.57% per annum.
The pasta and rice industry is going through a period of major shifts in consumer preferences. In fact, consumers’ evolving choice has influenced pasta and rice production and consumption at all stages of the value chain. Now, people are increasingly health-conscious and more interested in functional foods with additional health benefits. So, demand for healthy and “clean label” products is increasingly growing and is one of the leading trends in the global industry. Aspects such as price and taste are no longer the main drivers of choice for consumers. Instead, consumers’ behavior has been significantly influenced by the growing importance of health and wellness, sustainability and social responsibility, as well as by the desire for new experiences.
At the same time, however, the per capita consumption of rice in some Asian countries has been decreasing. Although rice is the main staple of the Asian population, its consumption has been decreasing during the last few years. Some of the reasons include the greater purchasing power of the population and the increased access to other foods. Furthermore, diets are also changing with taste and desire for greater convenience, which are also contributing. As a result, local consumers are including more western-style foods in their diets such as bread and pasta and consuming more instant noodles in place of rice-based dishes. Affordability of noodles is another important consideration in the replacement of rice. Despite the fact that people are eating less rice, consumption of premium quality rice has actually been growing in the last few years, which has ultimately increased domestic prices. As a matter of fact, about 90% of the world’s rice is consumed in the region, led by China, India and Indonesia.

1. Introduction

2. Research Methodology

3. Executive Summary

4. Product Description

5. State of the Global Demographics and Economy

5.1. Characteristics of the Global Demographics in 2018-2022

5.2. Characteristics of the Global Economy in 2018-2022

5.3. Forecast for the Development of the Global Economy in the Short Term

6. Overview, Segmentation and Analysis of the Rwandan Rice Market

6.1. Volume, Value and Dynamics of the Rwandan Rice Market in 2018-2022

6.2. Trends and Insights of the Rwandan Rice Market

6.3. Profiles of the Main Players on the Rwandan Rice Market

6.4. Five Forces Analysis

6.5. Competitive Landscape on the Rwandan Rice Market

6.6. Drivers and Challenges That Will Affect the Future Development of the Rwandan Rice Market

7. Characteristics and Analysis of the Rwandan Prices of Rice in 2018-2022

7.1. Value Chain Analysis

7.2. Structure of Price Formation

7.3. Value and Dynamics of the Average Rwandan Retail Prices of Rice in 2018-2022

8. Rwandan Foreign Trade Operations of Rice

8.1. Rwandan Foreign Trade Operations of Rice in 2018-2022

9. Overview, Segmentation and Analysis of the Imports of Rice to Rwanda

9.1. Volume, Value and Dynamics of the Imports of Rice to Rwanda in 2018-2022

9.2. Major Trade Inflows - Segmentation of the Imports of Rice to Rwanda by Exporting Countries in 2018-2022

9.3. Average Import Prices of the Rice, Imported to Rwanda in 2018-2022

10. Overview, Segmentation and Analysis of the Rwandan Exports of Rice

10.1. Volume, Value and Dynamics of the Rwandan Exports of Rice in 2018-2022

10.2. Major Trade Outflows - Segmentation of the Rwandan Exports of Rice by Importing Countries in 2018-2022

10.3. Average Export Prices of the Rice, Exported from Rwanda in 2018-2022

11. Characteristics of the Rwandan Consumption of Rice per Capita

11.1. Volume, Value and Dynamics of the Rwandan Rice Consumption per Capita in 2018-2022

12. Forecast for Development of the Rwandan Rice Market in 2023-2028

12.1. Forecast for Development of the Rwandan Rice Market in 2023-2028 in Three Possible Scenarios

About us

List of Tables

• Global population, broken down by main regions in 2018-2022, in millions of people and in %

• Global population growth rate, population density, urban population and life expectancy, broken down by regions in 2018-2022, in %, people per sq.km. and years

• Age structure of the global population, broken down by main regions, in %

• Sex structure of the global population, broken down by main regions, in %

• Global GDP, broken down by main regions, in millions of USD

• Global GNI per capita (Atlas method), broken down by main regions, in USD

• Global GDP per capita and GDP annual growth, broken down by main regions, in USD per capita and in %

• Global unemployment rate, labor force participation rate and GDP per person employed, broken down by regions in 2018-2022, in % and in constant 2011 PPP USD

• Global school enrollment (tertiary education), broken down by main regions, in % of gross education

• Global inflation rate – consumer prices, GDP deflator, bank capital to assets ratio, and bank nonperforming loans to total gross loans, broken down by main regions, in %

• Global imports and exports of goods and services, BoP, broken down by main regions, in millions of USD and in %

• Forecasted global GDP, broken down by main regions, in billions of USD

• Forecasted global GDP growth, broken down by main regions, in %

• Forecasted global GDP per capita, current prices, broken down by main regions, in %

• Volume and dynamics of the Rwandan rice market in 2018-2022, in thousands of tons and in %

• Value (in RSP) and dynamics of the Rwandan rice market in 2018-2022, in million USD and in %

• Importance of the HoReCa channel (on-trade vs. off-trade of rice) in 2018-2022 and forecast for 2023-2028

• Segmentation of rice retail distribution in Rwanda by distribution channels

• Market shares of the main market players

• Key financial indicators of Company A for the FY 2016 – FY 2020, in millions of USD and in %

• Key financial indicators of Company B for the FY 2016 – FY 2020, in millions of USD and in %

• Key financial indicators of Company C for the FY 2016 – FY 2020, in millions of USD and in %

• Key financial indicators of Company D for the FY 2016 – FY 2020, in millions of USD and in %

• Key financial indicators of Company E for the FY 2016 – FY 2020, in millions of USD and in %

• Key financial indicators of Company F for the FY 2016 – FY 2020, in millions of USD and in %

• Key financial indicators of Company G for the FY 2016 – FY 2020, in millions of USD and in %

• Key financial indicators of Company H for the FY 2016 – FY 2020, in millions of USD and in %

• Key financial indicators of Company I for the FY 2016 – FY 2020, in millions of USD and in %

• Key financial indicators of Company J for the FY 2016 – FY 2020, in millions of USD and in %

• Volume and dynamics of the average annual retail prices of rice in Rwanda in 2018-2022, in USD per kilogram and in %

• Trade balance of the rice foreign trade in Rwanda in 2018-2022, in thousands of tons and in %

• Trade balance of the rice foreign trade in Rwanda in 2018-2022, in million USD and in %

• Volume and dynamics of the Rwandan imports of rice in 2018-2022, in thousands of tons and in %

• Value and dynamics of the Rwandan imports of rice in 2018-2022, in million USD and in %

• Segmentation of the Rwandan imports of rice by exporting countries in 2018-2022, in million USD and in %

• Value and dynamics of the average import prices of the rice, imported to Rwanda in 2018-2022, in USD per kilogram and in %

• Volume and dynamics of the Rwandan exports of rice in 2018-2022, in thousands of tons and in %

• Value and dynamics of the Rwandan exports of rice in 2018-2022, in million USD and in %

• Segmentation of the Rwandan exports of rice by importing countries in 2018-2022, in million USD and in %

• Value and dynamics of the average export prices of the rice, exported from Rwanda in 2018-2022, in USD per kilogram and in %

• Volume and dynamics of the average annual consumption of rice per capita in Rwanda in 2018-2022, in kilograms per capita and in %

• Value and dynamics of the average annual consumption of rice per capita in Rwanda in 2018-2022, in USD per capita and in %

• Volume, value (in RSP) and dynamics of the Rwandan rice market in 2018-2022 and forecast for its development in 2023-2028 (within the framework of the base scenario), in thousands of tons, in million USD and in %

• Volume, value (in RSP) and dynamics of the Rwandan rice market in 2018-2022 and forecast for its development in 2023-2028 (within the framework of the pessimistic scenario), in thousands of tons, in million USD and in %

• Volume, value (in RSP) and dynamics of the Rwandan rice market in 2018-2022 and forecast for its development in 2023-2028 (within the framework of the optimistic scenario), in thousands of tons, in million USD and in %

List of Figures

• Volume and dynamics of the Rwandan rice market in 2018-2022, in thousands of tons and in %

• Value (in RSP) and dynamics of the Rwandan rice market in 2018-2022, in million USD and in %

• Importance of the HoReCa channel (on-trade vs. off-trade of rice) in 2018-2022 and forecast for 2023-2028

• Segmentation of rice retail distribution in Rwanda by distribution channels

• Market shares of the main market players

• Value chain analysis, in %

• Structure of price formation, in %

• Deviation of the average annual retail prices of rice in Rwanda in 2018-2022, in USD per kilogram

• Volume and dynamics of the imports of rice to Rwanda in 2018-2022, in thousands of tons and in %

• Value and dynamics of the imports of rice to Rwanda in 2018-2022, in million USD and in %

• Segmentation of the imports of rice to Rwanda by exporting countries in value terms in 2020, in % to the total Rwandan imports

• Average import prices of the rice, imported to Rwanda in 2018-2022, in USD per kilogram

• Volume and dynamics of the Rwandan exports of rice in 2018-2022, in thousands of tons and in %

• Value and dynamics of the Rwandan exports of rice in 2018-2022, in million USD and in %

• Segmentation of the Rwandan exports of rice by importing countries in value terms in 2020, in % to the total Rwandan exports

• Average export prices of the rice, exported from Rwanda in 2018-2022, in USD per kilogram

• Average annual consumption of rice per capita in Rwanda in 2018-2022 in volume terms, in kilograms per capita

• Average annual consumption of rice per capita in Rwanda in 2018-2022 in value terms, in USD per capita

• Volume and dynamics of the Rwandan rice market in 2018-2022 and forecast for its development in 2023-2028 (within the framework of the base scenario), in thousands of tons and in %

• Volume and dynamics of the Rwandan rice market in 2018-2022 and forecast for its development in 2023-2028 (within the framework of the pessimistic scenario), in thousands of tons and in %

• Volume and dynamics of the Rwandan rice market in 2018-2022 and forecast for its development in 2023-2028 (within the framework of the optimistic scenario), in thousands of tons and in %