Milled Rice Price in Uruguay - 2022
Contents:
- Milled Rice Price in Uruguay (FOB) - 2022
- Milled Rice Price in Uruguay (CIF) - 2022
- Milled Rice Exports in Uruguay
- Milled Rice Imports in Uruguay
Milled Rice Price in Uruguay (FOB) - 2022
In 2022, the average milled rice export price amounted to $518 per ton, declining by -10.9% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 18% against the previous year. Over the period under review, the average export prices reached the peak figure at $778 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Turkey ($560 per ton) and Peru ($559 per ton), while the average price for exports to Cuba ($438 per ton) and Iraq ($475 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.
Milled Rice Price in Uruguay (CIF) - 2022
The average milled rice import price stood at $793 per ton in 2022, jumping by 31% against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, milled rice import price increased by +66.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 47%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 Italy ($966 per ton), while the price for Argentina ($492 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Milled Rice Exports in Uruguay
Milled rice exports from Uruguay skyrocketed to 527K tons in 2022, rising by 29% against the previous year's figure. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 125% against the previous year. As a result, the exports attained the peak of 666K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, milled rice exports soared to $273M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -18.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 95% against the previous year. As a result, the exports attained the peak of $333M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Milled Rice in Uruguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 26.7 | 29.5 | 21.0 | 83.4 | 46.2% |
| Brazil | 19.6 | 73.7 | 33.0 | 67.1 | 50.7% |
| Peru | 56.5 | 96.1 | 64.6 | 29.7 | -19.3% |
| Cuba | 15.9 | 37.0 | N/A | 26.6 | 18.7% |
| Turkey | 16.5 | 33.3 | 22.3 | 22.3 | 10.6% |
| Costa Rica | 7.2 | 12.2 | 6.4 | 10.2 | 12.3% |
| Haiti | 0.2 | 5.6 | N/A | 6.9 | 225.5% |
| Iraq | 18.8 | 2.1 | 72.0 | 1.2 | -60.0% |
| Others | 9.0 | 43.5 | 18.1 | 25.7 | 41.9% |
| Total | 171 | 333 | 237 | 273 | 16.9% |
Top Export Markets for Milled Rice from Uruguay in 2022:
- Mexico (155.6K tons)
- Brazil (135.9K tons)
- Cuba (60.9K tons)
- Peru (53.2K tons)
- Turkey (39.9K tons)
- Costa Rica (19.1K tons)
- Haiti (13.5K tons)
- Iraq (2.5K tons)
Milled Rice Imports in Uruguay
In 2022, supplies from abroad of semi-milled or wholly milled (bleached) rice decreased by -15.2% to 141 tons, falling for the second year in a row after two years of growth. In general, imports recorded a precipitous shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 68%. As a result, imports attained the peak of 1.4K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, milled rice imports rose sharply to $112K in 2022. Overall, imports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 80% against the previous year. As a result, imports reached the peak of $702K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Milled Rice in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 18.0 | 183 | 41.7 | 44.8 | 35.5% |
| Brazil | 9.8 | 137 | 39.3 | 38.7 | 58.1% |
| Argentina | 2.0 | N/A | 9.5 | 21.8 | 121.7% |
| India | 0.6 | 21.6 | 7.1 | 3.6 | 81.7% |
| Spain | N/A | 194 | N/A | 2.1 | -89.6% |
| Others | 359 | 166 | 2.7 | 0.5 | -88.8% |
| Total | 389 | 702 | 100 | 112 | -34.0% |
Top Suppliers of Milled Rice to Uruguay in 2022:
- Italy (46.3 tons)
- Argentina (44.4 tons)
- Brazil (44.0 tons)
- India (5.4 tons)
- Spain (0.6 tons)
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