MERCOSUR: Rice Market 2024

Rice Market Size in MERCOSUR

After two years of growth, the MERCOSUR rice market decreased by X% to $X in 2022. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Rice Production in MERCOSUR

In value terms, rice production expanded modestly to $X in 2022 estimated in export price. Overall, production saw a mild decline. The growth pace was the most rapid in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

The country with the largest volume of rice production was Brazil (X tons), accounting for X% of total volume. Moreover, rice production in Brazil exceeded the figures recorded by the second-largest producer, Peru (X tons), threefold. The third position in this ranking was held by Colombia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Brazil was relatively modest. In the other countries, the average annual rates were as follows: Peru (X% per year) and Colombia (X% per year).

In 2022, the average yield of rice in MERCOSUR fell to X tons per ha, remaining relatively unchanged against 2021 figures. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the yield increased by X%. Over the period under review, the rice yield attained the peak level at X tons per ha in 2021, and then fell modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of rice were harvested in MERCOSUR; standing approx. at 2021 figures. Over the period under review, the harvested area, however, showed a mild downturn. The pace of growth was the most pronounced in 2017 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to rice production attained the maximum at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Rice Exports

Exports in MERCOSUR

In 2022, the amount of rice exported in MERCOSUR skyrocketed to X tons, jumping by X% against the previous year's figure. Total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. Over the period under review, the exports hit record highs at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, rice exports surged to $X in 2022. Total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Brazil (X tons), distantly followed by Uruguay (X tons), Paraguay (X tons), Guyana (X tons) and Argentina (X tons) represented the largest exporters of rice, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Paraguay (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest rice supplying countries in MERCOSUR were Brazil ($X), Uruguay ($X) and Guyana ($X), together comprising X% of total exports. Paraguay and Argentina lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Paraguay, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price recorded a slight contraction. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Guyana ($X per ton) and Argentina ($X per ton), while Paraguay ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced a decline in the export price figures.

Rice Imports

Imports in MERCOSUR

In 2022, approx. X tons of rice were imported in MERCOSUR; almost unchanged from 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, rice imports reached $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) and Venezuela (X tons) represented the largest importers of rice in MERCOSUR, together finishing at approx. X% of total imports. It was distantly followed by Colombia (X tons), Chile (X tons) and Peru (X tons), together constituting a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Colombia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Venezuela ($X) and Colombia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Chile and Peru lagged somewhat behind, together accounting for a further X%.

Chile, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the import price saw a mild decline. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Peru ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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