Argentina: Rice Market Overview 2021

Rice Market Size in Argentina

The Argentinian rice market skyrocketed to $X in 2020, picking up by X% against the previous year. Over the period under review, consumption showed a noticeable increase. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2020, consumption remained at a lower figure.

Rice Production in Argentina

In value terms, rice production soared to $X in 2020 estimated in export prices. Over the period under review, the total production indicated moderate growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2008 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2020, production remained at a lower figure.

In 2020, the average rice yield in Argentina contracted modestly to X tonnes per ha, remaining relatively unchanged against the previous year's figure. Over the period under review, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the yield increased by X% y-o-y. Over the period under review, the average rice yield reached the maximum level at X tonnes per ha in 2018; however, from 2019 to 2020, the 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.

In 2020, the harvested area of rice in Argentina amounted to X ha, stabilizing at the previous year's figure. Overall, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. from 2012 to 2020, the growth of the rice harvested area remained at a lower figure.

Rice Exports

Exports from Argentina

Rice exports from Argentina reduced dramatically to X tonnes in 2020, which is down by -X% on the year before. In general, exports showed a pronounced decline. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Exports peaked at X tonnes in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

In value terms, rice exports reduced to $X in 2020. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Exports peaked at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

Brazil (X tonnes), Chile (X tonnes) and Spain (X tonnes) were the main destinations of rice exports from Argentina, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and Turkey ($X) appeared to be the largest markets for rice exported from Argentina worldwide, with a combined X% share of total exports. These countries were followed by Mexico, Spain, the U.S., Cuba and the Netherlands, which together accounted for a further X the main countries of destination, Spain (+X% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average rice export price amounted to $X per tonne, growing by X% against the previous year. Over the last thirteen years, 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% y-o-y. The export price peaked at $X per tonne in 2015; however, from 2016 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Spain ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Brazil, while the prices for the other major destinations experienced more modest paces of growth.

Rice Imports

Imports into Argentina

In 2020, the amount of rice imported into Argentina surged to X tonnes, increasing by X% on the previous year. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tonnes in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, rice imports surged to $X in 2020. The total import value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. Imports peaked at $X in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Paraguay (X tonnes) constituted the largest supplier of rice to Argentina, accounting for a X% share of total imports. Moreover, rice imports from Paraguay exceeded the figures recorded by the second-largest supplier, Uruguay (X tonnes), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Paraguay stood at +X%.

In value terms, Paraguay ($X) constituted the largest supplier of rice to Argentina, comprising X% of total imports. The second position in the ranking was occupied by Uruguay ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Paraguay amounted to +X%.

Import Prices by Country

The average rice import price stood at $X per tonne in 2020, dropping by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Uruguay ($X per tonne), while the price for Paraguay totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Paraguay.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rice in the world?

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The countries with the highest volumes of rice consumption in 2020 were China (212M tonnes), India (166M tonnes) and Bangladesh (57M tonnes), together accounting for 57% of global consumption.

What are the largest producers of rice in the world?

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The countries with the highest volumes of rice production in 2020 were China (212M tonnes), India (181M tonnes) and Bangladesh (56M tonnes), together comprising 58% of global production.

What are the leading suppliers of rice to Argentina?

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In value terms, Paraguay ($3.9M) constituted the largest supplier of rice to Argentina, comprising 81% of total imports. The second position in the ranking was occupied by Uruguay ($312K), with a 6.5% share of total imports.

What are the leading importers of rice from Argentina?

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In value terms, Brazil ($46M), Chile ($38M) and Turkey ($11M) were the largest markets for rice exported from Argentina worldwide, with a combined 62% share of total exports. These countries were followed by Mexico, Spain, the U.S., Cuba and the Netherlands, which together accounted for a further 30%.

What is the average export price for rice in Argentina?

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The average rice export price stood at $459 per tonne in 2020, surging by 22% against the previous year.

What is the average import price for rice in Argentina?

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The average rice import price stood at $525 per tonne in 2020, with a decrease of -3.3% against the previous year.