Rice - Timor-Leste | Statista Market Forecast

Revenue in the Rice market amounts to US$28.66m in 2024. The market is expected to grow annually by 8.67% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$150bn in 2024).
In relation to total population figures, per person revenues of US$20.77 are generated in 2024.
In the Rice market, volume is expected to amount to 69.54m kg by 2029. The Rice market is expected to show a volume growth of 9.2% in 2025.0.
The average volume per person in the Rice market is expected to amount to 36.5kg in 2024.

Definition:

Around the world, rice is a widely farmed and consumed staple food crop. It is a cereal grain that serves as a significant source of fiber, vitamins, and minerals. The Rice market covers several rice varieties, such as long-grain rice, medium-grain rice, short-grain rice, white rice, brown rice, and wild rice, as well as sticky rice and parboiled rice.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

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White Rice
Brown Rice
Basmati Rice
Jasmine Rice
Arborio Rice
Parboiled Rice
Quick-Cooking Rice

Rice-based ready-to-eat meals
Puffed rice
Coucous
Bulgur
Rice noodles
Out-of-home consumption

The Bread & Cereal Products Market in Timor-Leste is experiencing subdued growth due to various factors. These include low consumer awareness and limited access to digital technologies. However, increasing health consciousness among consumers and the convenience of online health services are expected to drive growth in the future.

Customer preferences: The popularity of organic and sustainable food options has been steadily increasing in Timor-Leste, leading to a rise in demand for locally-grown rice. Consumers are becoming more conscious of the environmental impact of their food choices and are opting for products that are produced using sustainable farming practices. This trend is also driven by a growing preference for traditional and culturally-relevant foods, as well as a desire for fresher and more nutritious options. As a result, there has been a shift towards supporting local farmers and promoting community-based agriculture in the rice market of the Bread & Cereal Products Market within The Food market.

Trends in the market: In Timor-Leste, the rice market of the Bread & Cereal Products Market within The Food market is experiencing a growing demand for organic and sustainably sourced rice. This trend reflects a shift towards healthier and environmentally friendly food choices among consumers. It also presents opportunities for local farmers to adopt sustainable practices and diversify their income sources. However, the high cost of organic certification and lack of government support may hinder the growth of this trend. Industry stakeholders need to closely monitor and adapt to this trajectory, as it could have long-term implications for the sustainability and competitiveness of the rice market in Timor-Leste.

Local special circumstances: In Timor-Leste, the rice market is heavily influenced by the country's geography and agricultural practices. Due to its mountainous terrain and limited arable land, rice production is mainly concentrated in the northern region, leading to higher prices in the southern regions. Additionally, cultural preferences for certain rice varieties also impact the market, with imported rice from neighboring countries being popular in urban areas. Regulatory policies, such as import tariffs and subsidies, also play a significant role in shaping the rice market in Timor-Leste.

Underlying macroeconomic factors: The performance of the Rice Market of the Bread & Cereal Products Market within The Food market in Timor-Leste is also heavily influenced by macroeconomic factors. The country's economic health and fiscal policies play a crucial role in determining the demand and supply of rice in the market. Moreover, global economic trends, such as changes in trade policies, can impact the availability and pricing of rice in the country. Additionally, investment in agriculture infrastructure and technological advancements in the rice production process can also affect the market growth. Furthermore, factors like population growth, dietary preferences, and income levels also play a significant role in shaping the rice market in Timor-Leste.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.