
Argentina - Paddy Rice - Market Analysis, Forecast, Size, Trends and Insights
Argentina: Paddy Rice Market 2023
Paddy Rice Market Size in Argentina
In 2022, the Argentinian paddy rice market decreased by -0.7% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption showed a perceptible contraction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.
Paddy Rice Production in Argentina
In value terms, paddy rice production stood at $X in 2022 estimated in export price. Overall, production saw a abrupt setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by 105%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.
The average yield of paddy rice in Argentina fell to X tons per ha in 2022, declining by -4.4% compared with 2021. In general, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the yield increased by 10% against the previous year. As a result, the yield reached the peak level of X tons per ha, and then declined modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2022, the total area harvested in terms of paddy rice production in Argentina reduced slightly to X ha, dropping by -3.7% compared with the previous year's figure. In general, the harvested area continues to indicate a pronounced descent. The growth pace was the most rapid in 2021 when the harvested area increased by 7.9%. Over the period under review, the harvested area dedicated to paddy rice production attained the maximum at X ha in 2014; however, from 2015 to 2022, the harvested area stood at a somewhat lower figure.
Paddy Rice Exports
Exports from Argentina
In 2022, approx. X tons of paddy rice were exported from Argentina; stabilizing at the year before. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by 1,395%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.
In value terms, paddy rice exports contracted slightly to $X in 2022. Overall, exports showed a precipitous contraction. The most prominent rate of growth was recorded in 2019 with an increase of 997%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.
Exports by Country
Venezuela (X tons) was the main destination for paddy rice exports from Argentina, with a 67% share of total exports. Moreover, paddy rice exports to Venezuela exceeded the volume sent to the second major destination, Costa Rica (X tons), twofold.
From 2012 to 2022, the average annual rate of growth in terms of volume to Venezuela stood at -16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (-19.8% per year) and Brazil (-51.6% per year).
In value terms, Venezuela ($X), Costa Rica ($X) and Brazil ($X) appeared to be the largest markets for paddy rice exported from Argentina worldwide, with a combined 97% share of total exports.
Costa Rica, with a CAGR of -15.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.
Export Prices by Country
In 2022, the average paddy rice export price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price saw a noticeable slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 82%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Venezuela ($X 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 Costa Rica (+5.2%), while the prices for the other major destinations experienced a decline.
Paddy Rice Imports
Imports into Argentina
After three years of decline, purchases abroad of paddy rice increased by 555% to X tons in 2022. Over the period under review, imports continue to indicate resilient growth. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.
In value terms, paddy rice imports surged to $X in 2022. In general, imports saw a buoyant increase. The pace of growth was the most pronounced in 2018 when imports increased by 487% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.
Imports by Country
Spain (X tons), Australia (X tons) and Brazil (X tons) were the main suppliers of paddy rice imports to Argentina.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +5,149.3%), while imports for the other leaders experienced mixed trend patterns.
In value terms, Australia ($X), Spain ($X) and Brazil ($X) were the largest paddy rice suppliers to Argentina.
In terms of the main suppliers, Australia, with a CAGR of +3,467.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.
Import Prices by Country
The average paddy rice import price stood at $X per ton in 2022, falling by -21.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 69% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the paddy rice market in Argentina. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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