Colombia - Rice - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRice Price in Colombia - 2022
Contents:
- Rice Price in Colombia (CIF) - 2022
- Rice Price in Colombia (FOB) - 2022
- Rice Imports in Colombia
- Rice Exports in Colombia
Rice Price in Colombia (CIF) - 2022
In February 2022, the average rice import price amounted to $433 per ton, which is down by -59.9% against the previous month. Over the period under review, the import price recorded a deep reduction. The growth pace was the most rapid in May 2021 an increase of 174% against the previous month. Over the period under review, average import prices reached the maximum at $1,829 per ton in October 2021; however, from November 2021 to February 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From February 2021 to February 2022, the rate of growth in terms of prices for Ecuador amounted to +1.7% per month.
Rice Price in Colombia (FOB) - 2022
In 2022, the average rice export price amounted to $891 per ton, picking up by 10% against the previous year. In general, the export price showed a perceptible increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 132% against the previous year. As a result, the export price attained the peak level of $1,828 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($1,157 per ton), while the average price for exports to Ecuador ($270 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 Venezuela (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.
Rice Imports in Colombia
In 2022, imports of rice into Colombia surged to 248K tons, increasing by 36% compared with the year before. Over the period under review, imports, however, showed a slight setback.
In value terms, rice imports skyrocketed to $103M in 2022. In general, imports, however, showed a perceptible contraction.
Import of Rice in Colombia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 72.2 | 65.1 | 57.1 | 71.0 | -0.6% |
Ecuador | 18.1 | 32.1 | 3.2 | 14.8 | -6.5% |
Peru | 19.7 | 32.6 | 8.2 | 12.9 | -13.2% |
Guyana | 1.7 | 1.9 | 0.2 | 0.3 | -43.9% |
Others | 3.4 | 3.7 | 1.8 | 3.9 | 4.7% |
Total | 115 | 135 | 70.6 | 103 | -3.6% |
Top Suppliers of Rice to Colombia in 2022:
- United States (199.0K tons)
- Ecuador (21.2K tons)
- Peru (19.0K tons)
- Guyana (4.3K tons)
Rice Exports in Colombia
In 2022, shipments abroad of rice decreased by -24.7% to 1.6K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 21,721%.
In value terms, rice exports fell sharply to $1.4M in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 18,126% against the previous year. As a result, the exports reached the peak of $1.8M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Rice in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Free Zones | 4.5 | 797 | 651 | 1,087 | 522.8% |
Venezuela | 0.5 | 118 | 840 | 237 | 679.7% |
Ecuador | 0.2 | 0.2 | 31.4 | 16.8 | 338.0% |
Haiti | N/A | 775 | N/A | N/A | 0% |
Cuba | N/A | N/A | 63.9 | N/A | 0% |
Others | 4.6 | 94.1 | 92.9 | 55.9 | 129.9% |
Total | 9.8 | 1,785 | 1,679 | 1,397 | 422.4% |
Top Export Markets for Rice from Colombia in 2022:
- Free Zones (1275.5 tons)
- Venezuela (205.1 tons)
- Ecuador (62.0 tons)
This report provides an in-depth analysis of the rice market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 27 - Rice, paddy
Country coverage:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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