Vietnam is renowned for being one of the world’s largest rice exporters. Rice export from Vietnam is sold in more than 120 nations and territories on all seven continents. Vietnamese rice is expected to reach high output and profit.
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An overview of rice export from Vietnam
From 2019 to 2021, rice export from Vietnam generally has a stable output and maintains a good volume of export to familiar markets like the Philippines or China.
Statistics about rice export from Vietnam in recent years
With a significant and constant yearly output, currently rice export from Vietnam has reached 79 nations and territories throughout the world.
Statistics about rice export from Vietnam in recent years
- In 2019, the whole country exported 6.37 million tons of rice, equivalent to 2.81 billion USD, up 4.1% in volume but down 8.4% in turnover compared to 2018. The price of rice export from Vietnam reached 440.7 USD/ton, down 12.1%. In 2019, rice exports to most markets increased in both volume and value compared to 2018, however, the price of rice exported to all markets decreased compared to the previous year; For example, the export price to the Philippines decreased by 8.1%, reaching 415.1 USD/ton, the export price to China also decreased by 1.7%, reaching an average of 503.8 USD/ton. In contrast, some markets having rice export from Vietnam dropped sharply, including Indonesia, which decreased by nearly 95% in both volume and value; Bangladesh decreased by 76% in volume and 79.4% in turnover; Turkey decreased by 70.9% in volume and 75.8% in value.
Statistics about rice export from Vietnam in 2019
- In 2020, Vietnam exported 6.15 million tons of rice, bringing in 3.07 billion USD, down 3.5% in volume and up 9.3% in value compared to 2019. The Philippines ranked first in terms of the market of rice export from Vietnam. The markets with a strong increase in rice export value are Indonesia, up 3.1 times, reaching 83.8 thousand tons and 45.6 million USD and China, up 79.2%, reaching 657.6 thousand tons and 379.6 million USD. Rice exports to the EU market also increased sharply thanks to the advantages of the EVFTA Agreement. In the Asian market, the price of rice increased by about 10%, from 20 to 30 USD/ton.
Statistics about rice export from Vietnam in 2020
- In 2021, the rice cultivation area decreased by about 39,000 ha, but the yield increased by nearly 1.9 quintals/ha compared to 2020. The amount of rice export from Vietnam is equivalent to last year, but the value obtained increases by nearly 5%, bringing in about 3.27 billion USD. The Philippines import rice from Vietnam is still at the top of Vietnam’s rice consumption, reaching over 2.3 million tons, equivalent to 1.18 billion USD. Asian rice prices continued to improve as some traditional customers returned to the market. The price of Vietnam’s 5% broken rice is 425 USD/ton.
Statistics about rice export from Vietnam in 2021
Main markets of rice export from Vietnam
In terms of a country depending on rice import like the Philippines or a country importing rice for domestic food process, the Philippines, Singapore and China are the largest markets of rice export from Vietnam.
Main markets of rice export from Vietnam
The Philippines has always been the leader in Vietnam’s rice consumption market, with Vietnamese rice exports to China ranked second. Next is the Malaysian market, accounting for nearly 10.5% of the total volume and 9.2% of the total turnover. However, Vietnam rice exports to Singapore are mentioned here because this is a potential market where Vietnam can develop high quality rice varieties to serve this market.
Some types of rice export from Vietnam
Each country is compatible with different types of rice, so Vietnam is distributing a variety of rice from normal to superior rice in order to reach more customers around the world.
Some types of rice export from Vietnam
Generally, fragrant rice export from Vietnam is consumed mostly by the Asian market because it is sold at a fair price and goes well with many other ingredients. People are preferring premium types of rice and fragrant rice still meets this need with higher price products.
Factors affecting the price of rice export from Vietnam
The price fluctuation of rice export from Vietnam is subject to three main factors below. These make it witness a short-term rise and suddenly fall after that.
Rice supply
In 9 months of 2021, the country’s rice exports reached 4,516 million tons, worth 2.389 billion USD, down 9.5% in volume and 2.4% in value over the same period last year. The epidemic situation in the southern region is too severe, production activities with the criteria of “3 on the spot”, who stay where they are make the rice market in the middle of a crop season but do not proceed. The mill is closed, it is too difficult to move rice from one province to another. Assuming you can buy rice, it is not easy to have a rice mill. The scarcer rice supply leads to the decline in the price of rice export from Vietnam.
Rice supply
Rice demand
In August 2021, Vietnam’s export price of 5% broken rice dropped to 385 USD/ton in the trading session on 19/8, a sharp decrease of 83 USD/ton compared to the beginning of July 2021 and the lowest level since February. 2020 is 390 USD/ton. The reason for the drop in rice prices is due to low demand. In contrast, until October 2021, the price of rice export from Vietnam rose to the highest level in nearly 3 months. The reason for this case is that the markets of other countries recovered again, and the demand for rice imports from other countries was more prosperous.
Rice demand
Transportation
The price of rice export from Vietnam decreased by 2-5 USD/ton because the freight rates for ships and containers were too high. Prohibitive shipping rates affect the export output of enterprises, so exporters must reduce the price of rice to share difficulties with partners even though before that, the price sharply rose due to high logistics charges. Currently, this “unbalanced container” fee has doubled, even tripled compared to before, from 40 USD / 20 feet container has skyrocketed to 100 – 120 USD.
Transportation
The rice export from Vietnam: How to import?
Importers could find suppliers of Vietnamese rice through some popular channels like the Internet, trade fairs or meetings. However, depending on current situations, importers should choose the most reasonable way.
- Internet and searching tools
To approach the segment of foreign customers, Vietnamese rice suppliers are currently available on every channel on e-commerce platforms like Alibaba, Tridge that importers could easily seek and make the suitable order. Besides, customers are used to surfing Facebook, so suppliers also introduce their products in groups related to import and export in order to connect with more customers.
Internet and searching tools
- Trade fairs
Back in the day, trade fairs are attractive opportunities for both exporters and importers to partake in rice trading. Because many high-quality products are displayed at a reasonable price and customers could touch the authentic items. However, the trade fair is a casualty of Covid-19, it is impossible to take place due to its internationality.
- Direct meeting
After getting enough details about a rice company, importers should make an appointment to visit its factory, look at real products as well as reach an agreement to proceed with the contract. This way brings high efficiency, to be time-saving, however, two parties should have a high degree of trust in each other.
Direct meeting
The procedures for importing rice normally includes:
- Commercial Invoice
- Packing List
- Bill of Lading
- Certificate of Origin (to enjoy preferential tariff)
- Other documents (if any)
The procedures for importing rice
Top suppliers of rice export from Vietnam
Every year, a number of suppliers of rice export from Vietnam go up rapidly, so each company has their own strategies to possess a big share in the market. Here are some famous suppliers that gain the trust of many customers.
Vilaconic Joint Stock Company
Vilaconic Joint Stock Company specializes in agricultural goods, exporting to markets such as the United States, the European Union, the Middle East, and Africa. This firm was founded in 1980 and is HACCP and ISO 9001:2000 certified. Their distinctive goods include Hom Mali rice, aromatic rice, and sticky rice, all of which are popular rice in Vietnam.
Vilaconic Joint Stock Company
Song Hau Company – a supplier of rice export from Vietnam
Song Hau Company was founded in 1999 and is a member of the Vietnam Food Association, as well as being HACCP and ISO 9001:2008 certified. Aromatic long grain rice and white rice from Vietnam are their major rice export from Vietnam. Export rice from Vietnam satisfies criteria with a total capacity of 1,600 tons of rice per day, thanks to one milling equipment with a capacity of 10 tons per hour and ten lines of polishing machines.
Song Hau Company
K-Agriculture Factory – a leading supplier of rice export from Vietnam
K-Agriculture is honored to be one of the leading suppliers of rice export from Vietnam with more than 25 years of experience. The company specializes in supplying rice, coffee, pepper, cinnamon, anise and many other high quality agricultural products at reasonable prices. Each stage of growing, harvesting, processing and preserving is carried out according to strict procedures, combined with modern machinery to ensure product quality, which is trusted and verified by many customers. Moreover, K-Agricultural also attracts customers by attentive and enthusiastic service.
Certifications: HACCP, ISO 9001:2000, ISO 9001:2008, ISO 14001:2004, etc.
To get free consultation, feel free to contact us via:
WhatsApp: +84855555837Â (Ms. Kris)
Email: info@k-agriculture.com
K-Agriculture Factory – a leading supplier of rice export from Vietnam
Ngoc Dong Food Company
Ngoc Dong rice has been exported to more than 10 countries around the world. With the aim of prestige and quality, all processes must be strictly controlled to ensure quality and delivery time. Output capacity: 1,000 tons/day. The company’s rice export from Vietnam include 5% broken rice and high value rice such as fragrant rice (KDM, Jasmine, ST21, OM4900, 5451), Sticky rice.
Ngoc Dong Food Company
Sunrise Foodstuff., JSC
Sunrise Foodstuff., JSC is a prominent rice producer and exporter in Vietnam, with more than 10 years of experience and a global trading network that includes Africa, the European Union, the United States, and other places. Sunrise Company operates two milling plants with large capacities that can create a wide range of rice products and facilities that can fulfill the quality and quantity requirements of partners and consumers.
Sunrise Foodstuff., JSC
Although rice export from Vietnam has had a high position in the global market, it still struggles with many problems from price to quality. In conclusion, Vietnamese rice always improves its quality and ensures food hygiene to meet the picky markets.
