UAE: Market Overview of Basmati Rice
The United Arab Emirates (UAE) is one of the leading markets for Basmati rice in the world. With a population of about 9.7 million, 60% of which are Indian expatriates, UAE has an impressive annual per capita consumption rate of about 14.5kg per person. The market is dominated by Parboiled Basmati rice (60-70%) followed by white Basmati rice (30-40%). However, there is also some demand for brown Basmati and other specialty rice like Sela and Pusa rice.
The UAE is a diverse market when it comes to the consumption of different types of rice. It imports high volumes of non-basmati rice (Parboiled and Broken) and Thai white rice, which are used by the catering industry, restaurants, and hotels. However, the UAE is also a major market for premium basmati rice varieties such as 1121 Extra Long Grain Basmati Rice, Pusa Basmati Rice, and Traditional Basmati Rice.
The United Arab Emirates (UAE) is one of the major markets for Basmati rice in the world. The country alone accounts for about 15% of India’s total Basmati rice export. UAE also accounts for more than 40% share of the global market.
The UAE basmati rice market has been growing consistently at a CAGR of 9%. The total volume of basmati rice imported in the country was an estimated 434 thousand metric tons (TMT) in 2017, valued at $ 835 million.
UAE total imports of basmati rice from India
India is one of the largest exporters of basmati rice to the UAE. According to industry estimates, India exports around 300,000 tonnes of basmati rice to the UAE every year. In 2017, India’s total exports stood at around $2 billion with an annual growth rate of 20 percent.
India has been exporting quality basmati rice to more than 112 countries worldwide with a share of about 70 percent in world trade for the past few years.
The country’s total basmati production is estimated at 6 million tonnes and about 1 million tonnes is being processed for export annually.
The United Arab Emirates imports basmati rice from India and becomes one of the largest importers of Basmati Rice in the world. According to the latest data, UAE imported 619,828 metric tons of basmati rice from India during FY 2018-2019.
The total value of the import stood at US$ 822 million. The average per ton price of Indian basmati rice was US$ 1,320 in the UAE market during FY 2018-2019.
According to FAIR data, India exported around 2 million metric tons of basmati rice in the international market in FY 2018-2019 with a total worth of around US$ 2.8 billion.
Export Basmati rice to UAE through Tradologie.com without any hassle
The United Arab Emirates (UAE) is one of the most prosperous countries in the world. With a high per capita income and a major hub for international business, it is also one of the top importers of basmati rice. The country is home to many Indians who have settled there and thus, has a high demand for Basmati Rice.
The increasing demand for basmati rice in the country has encouraged many exporters from India to export basmati rice here. Tradologie.com offers you an easy way to export basmati rice to the UAE through its B2B platform.
Tradologie.com has enabled more than 50K+ exporters to sell their products through our platform across 80+ countries. Our members have supplied their products to trade houses from the Middle East and African countries through our platform.
Our eSourcing Technology has all the features which help you to export products easily. It has features like:
Live bidding system
Customized bidding terms
Complete transparency in the bidding process
Negotiations with buyers till the mutual agreement is made
How Tradologie.com emerged
Tradologie has emerged as an online marketplace where Indian exporters can find potentially lucrative opportunities for doing business in the UAE. Our online bidding platform provides Indian exporters with a unique opportunity to do business with new buyers in the UAE without any hassles or risks involved. We are known to have helped hundreds of businesses expand their footprint by connecting them with targeted buyers in the UAE and other foreign markets across the globe.
Benefits of Exporting basmati rice through Tradologie.com
Exporters from India can now trade Basmati rice online at the world’s largest B2B e-marketplace for commodities, Tradologie.com. This is a great opportunity for Indian exporters to reach out to global buyers and find new markets for their business.
Tradologie.com has over 160,000 international buyers registered on its B2B marketplace, who have business deals worth over Rs 1 lakh crore conducted annually on the website. The platform offers opportunities to buyers and sellers in over 50 countries, including China, the USA, and UAE among others.
Benefits of using Tradologie.com:
Opportunity to increase revenue: There are several global buyers looking for Indian Basmati rice products, with more expected to be added as the platform continues to grow. By putting up your products on Tradologie’s marketplace you can increase your business’ revenue exponentially by reaching out to these buyers in 50+ countries across the world.
Better price discovery: Online bidding allows you, as the seller, to see the actual market price of your product based on the bids made by buyers. The real-time bidding process followed by Tradologie helps you.
Sourcing from India’s Largest Online B2B Marketplace: With Tradologie.com you can reach out to the most potential buyers and sellers in India. Moreover, Tradologie.com provides you with a detailed profile of each buyer and seller. This makes it easier for you to decide whom to connect with. Also, Tradologie.com gives you enough information about each buyer and seller so that you can make your choice wisely.