Argentina: Milled Rice Market 2020

Milled Rice Market Size in Argentina

The revenue of the milled rice market in Argentina amounted to $X in 2018, jumping by X% against the previous year. Over the period under review, the total market indicated a resilient increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, milled rice consumption increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2008 when the market value increased by X% year-to-year. Over the period under review, the milled rice market attained its maximum level at $X in 2015; however, from 2016 to 2018, consumption stood at a somewhat lower figure.

Milled Rice Production in Argentina

In value terms, milled rice production stood at $X in 2018 estimated in export prices. Overall, the total output indicated a strong increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, milled rice production decreased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2008 when production volume increased by X% against the previous year. Over the period under review, milled rice production attained its peak figure level at $X in 2014; however, from 2015 to 2018, production stood at a somewhat lower figure.

Average yield of milled rice in Argentina stood at X ton per ha in 2018, standing approx. at the previous year. Over the period under review, the milled rice yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Milled rice yield peaked at X ton per ha in 2009; however, from 2010 to 2018, yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Milled rice harvested area in Argentina stood at X ha in 2018, growing by X% against the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. In that year, the milled rice harvested area reached its peak level of X ha. From 2012 to 2018, the growth of the milled rice harvested area failed to regain its momentum.

Milled Rice Exports

Exports from Argentina

In 2018, approx. X tons of milled rice were exported from Argentina; reducing by -X% against the previous year. Overall, milled rice exports continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. In that year, milled rice exports reached their peak of X tons. From 2012 to 2018, the growth of milled rice exports remained at a somewhat lower figure.

In value terms, milled rice exports amounted to $X in 2018. Overall, milled rice exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when exports increased by X% y-o-y. Over the period under review, milled rice exports reached their peak figure at $X in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

Exports by Country

Brazil (X tons), Chile (X tons) and Iraq (X tons) were the main destinations of milled rice exports from Argentina, with a combined X% share of total exports. These countries were followed by Cuba, Senegal, the Netherlands, Turkey, Bolivia, Costa Rica, Gambia, Venezuela and Mexico, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Mexico (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for milled rice exported from Argentina were Brazil ($X), Chile ($X) and Iraq ($X), with a combined X% share of total exports. These countries were followed by Cuba, Turkey, Senegal, Venezuela, Bolivia, the Netherlands, Costa Rica, Mexico and Gambia, which together accounted for a further X (+X% per year) experienced the highest rates of growth with regard to market size, in terms of the main countries of destination over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average milled rice export price stood at $X per ton in 2018, falling by -X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the average export price increased by X% year-to-year. In that year, the average export prices for milled rice reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the average export prices for milled rice failed to regain its momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Gambia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela, while the prices for the other major destinations experienced more modest paces of growth.

Milled Rice Imports

Imports into Argentina

In 2018, the milled rice imports into Argentina amounted to X tons, shrinking by -X% against the previous year. In general, milled rice imports continue to indicate a pronounced descent. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, milled rice imports reached their maximum at X tons in 2017, and then declined slightly in the following year.

In value terms, milled rice imports amounted to $X in 2018. Over the period under review, milled rice imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. Over the period under review, milled rice imports attained their peak figure at $X in 2011; however, from 2012 to 2018, imports remained at a lower figure.

Imports by Country

Paraguay (X tons), Uruguay (X tons) and Brazil (X tons) were the main suppliers of milled rice imports to Argentina, together accounting for X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Paraguay, while imports for the other leaders experienced a decline.

In value terms, the largest milled rice suppliers to Argentina were Paraguay ($X), Uruguay ($X) and Brazil ($X), together comprising X% of total imports.

Paraguay recorded the highest growth rate of market size, in terms of the main suppliers over the period under review, while imports for the other leaders experienced a decline.

Import Prices by Country

In 2018, the average milled rice import price amounted to $X per ton, surging by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Brazil ($X per ton), while the price for Uruguay ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Brazil, while the prices for the other major suppliers experienced more modest paces of growth.

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Source: IndexBox Platform