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Colombia - Rice - Market Analysis, Forecast, Size, Trends And Insights
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Colombia: Rice Market Overview 2021

Rice Market Size in Colombia

The Colombian rice market soared to $X in 2020, growing by X% against the previous year. In general, the total consumption indicated resilient growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Rice Production in Colombia

In value terms, rice production skyrocketed to $X in 2020 estimated in export prices. In general, production posted a resilient expansion. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2020, production remained at a lower figure.

In 2020, the average yield of rice in Colombia stood at X tonnes per ha, approximately reflecting the previous year's figure. The yield figure increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the yield increased by X% against the previous year. The rice yield peaked in 2020 and is likely to see gradual growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The rice harvested area in Colombia rose to X ha in 2020, picking up by X% on the year before. The harvested area increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. The rice harvested area peaked at X ha in 2017; however, from 2018 to 2020, the harvested area stood at a somewhat lower figure.

Rice Exports

Exports from Colombia

For the fourth consecutive year, Colombia recorded decline in overseas shipments of rice, which decreased by -X% to X tonnes in 2020. Over the period under review, exports faced a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Exports peaked at X tonnes in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

In value terms, rice exports contracted significantly to $X in 2020. In general, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

Exports by Country

Free Zones (X tonnes) was the main destination for rice exports from Colombia, with a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Free Zones amounted to +X%.

In value terms, Free Zones ($X) also remains the key foreign market for rice exports from Colombia.

From 2007 to 2020, the average annual growth rate of value to Free Zones totaled +X%.

Export Prices by Country

The average rice export price stood at $X per tonne in 2020, rising by X% against the previous year. In general, the export price, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2010 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per tonne. from 2011 to 2020, the growth in terms of the average export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Free Zones.

From 2007 to 2020, the rate of growth in terms of prices for Free Zones amounted to +X% per year.

Rice Imports

Imports into Colombia

In 2020, after two years of growth, there was significant decline in purchases abroad of rice, when their volume decreased by -X% to X tonnes. In general, imports, however, showed a resilient increase. The growth pace was the most rapid in 2009 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

In value terms, rice imports contracted remarkably to $X in 2020. Over the period under review, imports, however, posted a mild increase. The pace of growth was the most pronounced in 2012 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the U.S. (X tonnes) constituted the largest supplier of rice to Colombia, with a X% share of total imports. Moreover, rice imports from the U.S. exceeded the figures recorded by the second-largest supplier, Peru (X tonnes), fivefold.

From 2007 to 2020, the average annual growth rate of volume from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+X% per year) and Ecuador (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value from the U.S. amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-X% per year) and Ecuador (+X% per year).

Import Prices by Country

In 2020, the average rice import price amounted to $X per tonne, dropping by -X% against the previous year. Overall, the import price showed a noticeable slump. The growth pace was the most rapid in 2011 an increase of X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Ecuador ($X per tonne), while the price for the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Ecuador, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rice in the world?
+
The countries with the highest volumes of rice consumption in 2020 were China (212M tonnes), India (166M tonnes) and Bangladesh (57M tonnes), with a combined 57% share of global consumption.
What are the largest producers of rice in the world?
+
The countries with the highest volumes of rice production in 2020 were China (212M tonnes), India (181M tonnes) and Bangladesh (56M tonnes), with a combined 58% share of global production.
What are the leading suppliers of rice to Colombia?
+
In value terms, the U.S. ($41M) constituted the largest supplier of rice to Colombia, comprising 60% of total imports. The second position in the ranking was occupied by Peru ($13M), with a 19% share of total imports.
What are the leading importers of rice from Colombia?
+
In value terms, Free Zones ($13K) remains the key foreign market for rice exports from Colombia.
What is the average export price for rice in Colombia?
+
In 2020, the average rice export price amounted to $1,338 per tonne, surging by 76% against the previous year.
What is the average import price for rice in Colombia?
+
The average rice import price stood at $339 per tonne in 2020, which is down by -30.9% against the previous year.

Product coverage:
• FCL 27 - Rice, paddy

This report provides an in-depth analysis of the rice market in Colombia. 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 2025.


Country coverage:
• Colombia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Colombia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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