Brazil: Paddy Rice Market 2024

Paddy Rice Market Size in Brazil

In 2022, after two years of growth, there was significant decline in the Brazilian paddy rice market, when its value decreased by X% to $X. In general, consumption saw a pronounced decrease. Paddy rice consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Paddy Rice Production in Brazil

In value terms, paddy rice production reached $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The average yield of paddy rice in Brazil shrank to X tons per ha in 2022, waning by X% against 2021. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the yield increased by X% against the previous year. The paddy rice yield peaked at X tons per ha in 2021, and then shrank 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.

The paddy rice harvested area in Brazil shrank to X ha in 2022, therefore, remained relatively stable against 2021 figures. Overall, the harvested area saw a noticeable decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. The paddy rice harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

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Paddy Rice Exports

Exports from Brazil

Paddy rice exports from Brazil surged to X tons in 2022, increasing by X% on 2021. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, paddy rice exports surged to $X in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Mexico (X tons) was the main destination for paddy rice exports from Brazil, accounting for a X% share of total exports. Moreover, paddy rice exports to Mexico exceeded the volume sent to the second major destination, Venezuela (X tons), threefold. Costa Rica (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (X% per year) and Costa Rica (X% per year).

In value terms, Mexico ($X) emerged as the key foreign market for paddy rice exports from Brazil, comprising X% of total exports. The second position in the ranking was held by Venezuela ($X), with a X% share of total exports. It was followed by Costa Rica, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (X% per year) and Costa Rica (X% per year).

Export Prices by Country

The average paddy rice export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Mexico ($X per ton) and Honduras ($X per ton), while the average price for exports to Costa Rica ($X per ton) and Venezuela ($X 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 El Salvador (X%), while the prices for the other major destinations experienced mixed trend patterns.

Paddy Rice Imports

Imports into Brazil

In 2022, purchases abroad of paddy rice decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a mild curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, paddy rice imports fell notably to $X in 2022. Overall, imports saw a noticeable decrease. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Paraguay (X tons) was the main supplier of paddy rice to Brazil, with a X% share of total imports. Moreover, paddy rice imports from Paraguay exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), tenfold. The third position in this ranking was taken by Argentina (X tons), with less than X% share.

From 2012 to 2022, the average annual growth rate of volume from Paraguay amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (X% per year) and Argentina (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from Paraguay stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (X% per year) and Argentina (X% per year).

Import Prices by Country

The average paddy rice import price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price recorded a perceptible descent. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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