Chile: Rice Market 2024

Rice Market Size in Chile

The Chilean rice market stood at $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Rice consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Rice Production in Chile

In value terms, rice production totaled $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

The average yield of rice in Chile was estimated at X tons per ha in 2022, standing approx. at the year before. Overall, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2016 to 2022, the growth of the average rice yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the rice harvested area in Chile expanded markedly to X ha, picking up by X% compared with 2021. Overall, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2019 to 2022, the growth of the rice harvested area remained at a somewhat lower figure.

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Rice Exports

Exports from Chile

After three years of decline, overseas shipments of rice increased by X% to X tons in 2022. Over the period under review, exports posted prominent growth. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, rice exports soared to $X in 2022. In general, exports saw a significant increase. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Peru (X tons), Venezuela (X tons) and Cuba (X tons) were the main destinations of rice exports from Chile, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cuba (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Venezuela ($X) and Cuba ($X) constituted the largest markets for rice exported from Chile worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Cuba, with a CAGR of X%, recorded the highest growth rate of 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

The average rice export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price, however, enjoyed a measured increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood 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 Brazil ($X per ton), while the average price for exports to Peru ($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 Brazil (X%), while the prices for the other major destinations experienced mixed trend patterns.

Rice Imports

Imports into Chile

In 2022, the amount of rice imported into Chile expanded remarkably to X tons, with an increase of X% against the year before. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. 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 lower figure.

In value terms, rice imports totaled $X in 2022. In general, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. 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

Argentina (X tons), Paraguay (X tons) and Uruguay (X tons) were the main suppliers of rice imports to Chile, with a combined X% share of total imports. The United States, Pakistan, Vietnam and Brazil lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest rice suppliers to Chile were Argentina ($X), Paraguay ($X) and Uruguay ($X), with a combined X% share of total imports. The United States, Pakistan, Vietnam and Brazil lagged somewhat behind, together accounting for a further X%.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average rice import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a slight decrease. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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