Broken Rice Price in Paraguay - 2023
Contents:
- Broken Rice Price in Paraguay (FOB) - 2023
- Broken Rice Price in Paraguay (CIF) - 2022
- Broken Rice Exports in Paraguay
- Broken Rice Imports in Paraguay
Broken Rice Price in Paraguay (FOB) - 2023
The average broken rice export price stood at $333 per ton in November 2023, approximately equating the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 12% month-to-month. As a result, the export price reached the peak level of $351 per ton. From July 2023 to November 2023, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In November 2023, the countries with the highest prices were Gambia ($431 per ton) and the Netherlands ($357 per ton), while the average price for exports to Brazil ($308 per ton) and Sierra Leone ($313 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Gambia (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Broken Rice Price in Paraguay (CIF) - 2022
In 2022, the average broken rice import price amounted to $495 per ton, remaining constant against the previous year. In general, the import price showed a deep downturn. The pace of growth was the most pronounced in 2020 an increase of 3.3%. The import price peaked at $2,047 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($533 per ton), while the price for Belgium ($468 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+9.0%).
Broken Rice Exports in Paraguay
In 2022, overseas shipments of broken rice increased by 41% to 83K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, broken rice exports skyrocketed to $24M in 2022. The total export value increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Broken Rice in Paraguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 0.8 | 1.6 | 3.4 | 12.6 | 150.7% |
| Chile | 6.4 | 6.0 | 6.7 | 8.4 | 9.5% |
| Sierra Leone | 4.5 | 6.4 | 2.5 | 1.3 | -33.9% |
| Gambia | 3.9 | 3.1 | 1.8 | 0.7 | -43.6% |
| Belgium | 0.8 | 0.6 | 1.3 | 0.1 | -50.0% |
| Senegal | 2.2 | 1.3 | 0.1 | N/A | -78.7% |
| Others | 1.9 | 1.3 | 2.7 | 1.2 | -14.2% |
| Total | 20.3 | 20.3 | 18.6 | 24.3 | 6.2% |
Top Export Markets for Broken Rice from Paraguay in 2022:
- Brazil (45.5K tons)
- Chile (27.4K tons)
- Sierra Leone (3.8K tons)
- Gambia (2.8K tons)
- Belgium (0.3K tons)
- Senegal (0.1K tons)
Broken Rice Imports in Paraguay
Broken rice imports into Paraguay totaled 596 tons in 2022, remaining stable against the year before. In general, imports saw a significant increase. The smallest decline of -75% was in 2020. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, broken rice imports stood at $295K in 2022. Over the period under review, imports recorded significant growth. The smallest decline of -74.2% was in 2020. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Broken Rice in Paraguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | N/A | 139 | 0% |
| Belgium | N/A | N/A | N/A | 126 | 0% |
| Chile | 35.5 | 9.2 | N/A | 29.8 | -5.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 35.5 | 9.2 | N/A | 295 | 102.5% |
Top Suppliers of Broken Rice to Paraguay in 2022:
- Belgium (270.0 tons)
- Spain (270.0 tons)
- Chile (56.0 tons)
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