Milled Rice Price in Paraguay - 2023
Contents:
- Milled Rice Price in Paraguay (FOB) - 2023
- Milled Rice Price in Paraguay (CIF) - 2022
- Milled Rice Exports in Paraguay
- Milled Rice Imports in Paraguay
Milled Rice Price in Paraguay (FOB) - 2023
In November 2023, the average milled rice export price amounted to $629 per ton, rising by 4.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.1%. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 10% month-to-month. The export price peaked in November 2023.
Average prices varied noticeably for the major export markets. In November 2023, the country with the highest price was Brazil ($640 per ton), while the average price for exports to Costa Rica ($532 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Milled Rice Price in Paraguay (CIF) - 2022
In 2022, the average milled rice import price amounted to $807 per ton, flattening at the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 26%. The import price peaked at $940 per ton in 2014; however, from 2015 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 Argentina ($795 per ton), while the price for Chile ($652 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Milled Rice Exports in Paraguay
In 2022, the amount of semi-milled or wholly milled (bleached) rice exported from Paraguay stood at 350K tons, with an increase of 15% compared with 2021 figures. Overall, exports, however, continue to indicate a slight descent.
In value terms, milled rice exports stood at $146M in 2022. The total export value increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 17%. As a result, the exports reached the peak of $151M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Milled Rice in Paraguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 89.3 | 95.8 | 99.9 | 116 | 9.1% |
| Chile | 8.5 | 22.7 | 16.6 | 25.4 | 44.0% |
| Costa Rica | 5.0 | 4.9 | 3.0 | 0.6 | -50.7% |
| Iraq | 13.2 | N/A | N/A | N/A | 0% |
| Others | 13.3 | 28.0 | 17.6 | 3.5 | -35.9% |
| Total | 129 | 151 | 137 | 146 | 4.2% |
Top Export Markets for Milled Rice from Paraguay in 2022:
- Brazil (282.2K tons)
- Chile (59.3K tons)
- Costa Rica (1.4K tons)
Milled Rice Imports in Paraguay
Milled rice imports into Paraguay rose markedly to 369 tons in 2022, increasing by 11% compared with 2021. In general, imports, however, saw a abrupt slump.
In value terms, milled rice imports totaled $298K in 2022. Overall, imports, however, saw a drastic downturn.
| Import of Milled Rice in Paraguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 165 | 181 | 110 | 133 | -6.9% |
| Brazil | 175 | 221 | 129 | 132 | -9.0% |
| Chile | N/A | N/A | N/A | 15.6 | 0% |
| United States | 21.7 | N/A | N/A | N/A | 0% |
| Others | 17.5 | 13.8 | 29.5 | 18.3 | 1.5% |
| Total | 379 | 416 | 269 | 298 | -7.7% |
Top Suppliers of Milled Rice to Paraguay in 2022:
- Brazil (169.0 tons)
- Argentina (166.7 tons)
- Chile (24.0 tons)
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