Brown Rice Price in Ecuador - 2021

Contents:

1. Brown Rice Price in Ecuador (FOB) - 2022
2. Brown Rice Price in Ecuador (CIF) - 2022
3. Brown Rice Exports in Ecuador
4. Brown Rice Imports in Ecuador

Brown Rice Price in Ecuador (FOB) - 2022

The average brown rice export price stood at $1,360 per ton in 2022, flattening at the previous year. In general, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, brown rice export price decreased by -3.8% against 2018 indices. The pace of growth was the most pronounced in 2016 an increase of 31%. The export price peaked at $1,413 per ton in 2018; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($27,087 per ton), while the average price for exports to Chile ($1,660 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+34.8%), while the prices for the other major destinations experienced more modest paces of growth.

Brown Rice Price in Ecuador (CIF) - 2022

In 2022, the average brown rice import price amounted to $1,275 per ton, which is down by -10.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2021 when the average import price increased by 50%. As a result, import price reached the peak level of $1,430 per ton, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,516 per ton), while the price for Myanmar amounted to $412 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.0%).

Brown Rice Exports in Ecuador

Brown rice exports from Ecuador dropped remarkably to 2 tons in 2022, waning by -33.1% on the previous year. Over the period under review, exports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 195% against the previous year.

In value terms, brown rice exports dropped significantly to $2.7K in 2022. Overall, exports recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 188%.

Top Export Markets for Brown Rice from Ecuador in 2022:

1. Italy (147.0 kg)
2. Canada (19.0 kg)
3. Spain (13.0 kg)
4. Chile (7.0 kg)

Brown Rice Imports in Ecuador

In 2022, overseas purchases of husked (brown) rice decreased by -25.8% to 29 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed a strong increase. The growth pace was the most rapid in 2021 when imports increased by 107%. As a result, imports attained the peak of 39 tons, and then contracted notably in the following year.

In value terms, brown rice imports reduced markedly to $37K in 2022. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 209%. As a result, imports reached the peak of $56K, and then shrank markedly in the following year.

Top Suppliers of Brown Rice to Ecuador in 2022:

1. United States (21.1 tons)
2. Myanmar (7.5 tons)

Source: IndexBox Market Intelligence Platform