Việt Nam aims to increase rice market share in Africa

Published 2024년 11월 22일

Tridge summary

Vietnamese rice exports to Africa experienced a high of $692.6 million in 2021, but there was a decline of 10.5% in 2022 due to global food stockpiling and COVID-19 disruptions. In 2023, exports recovered, reaching a value of $788 million. Despite competition from other countries, there is growing demand for fragrant rice in Africa, which is currently mainly imported from Việt Nam, the US, and Canada. The Asia-Africa Market Department and other experts recommend refining export mechanisms, creating favorable conditions for businesses, leveraging bilateral cooperation frameworks, improving transparency in the rice market, and focusing on post-harvest technologies and workforce training to increase market share and build trust with African consumers.

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Original content

The export of this grain to Africa rose to US$692.6 million in 2021 from $411 million in 2017. Rice typically accounts for 15-20 per cent of Việt Nam’s total exports to Africa. Although Việt Nam’s rice exports have traditionally focused on Asian markets, experts have advised businesses to pay more attention to Africa which has emerged as a key potential destination. A promising market According to the Asia-Africa Market Department under the Ministry of Industry and Trade (MoIT), Africa is an important export market for Việt Nam's rice. The export of this grain to Africa rose to US$692.6 million in 2021 from $411 million in 2017. Rice typically accounts for 15-20 per cent of Việt Nam’s total exports to Africa. However, in 2022, Việt Nam’s rice exports to Africa declined by 10.5 per cent compared to 2021, reaching only $620 million, equivalent to 16 per cent of Việt Nam’s total exports to this continent. This drop was largely due to increased global food stockpiling amid economic ...

Source: WTOCenter