Latin America and the Caribbean: Brown Rice Market 2020

Brown Rice Exports

Exports in Latin America and the Caribbean

In 2018, the amount of husked (brown) rice exported in Latin America and the Caribbean stood at X tons, dropping by -X% against the previous year. Over the period under review, brown rice exports continue to indicate a slight contraction. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. The volume of exports peaked at X tons in 2016; however, from 2017 to 2018, exports remained at a lower figure.

In value terms, brown rice exports amounted to $X in 2018. The total exports indicated moderate growth from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. The level of exports peaked at $X in 2017, and then declined slightly in the following year.

Exports by Country

The countries with the highest levels of brown rice exports in 2018 were Paraguay (X tons), Guyana (X tons) and Uruguay (X tons), together reaching X% of total export. It was distantly followed by Argentina (X tons) and Suriname (X tons), together achieving an X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Paraguay, while the other leaders experienced mixed trends in the exports figures.

In value terms, Guyana ($X) remains the largest brown rice supplier in Latin America and the Caribbean, comprising X% of total brown rice exports. The second position in the ranking was occupied by Uruguay ($X), with a X% share of total exports. It was followed by Paraguay, with a X% share.

In Guyana, brown rice exports increased at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Uruguay (-X% per year) and Paraguay (+X% per year).

Export Prices by Country

The brown rice export price in Latin America and the Caribbean stood at $X per ton in 2018, reducing by -X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the export price increased by X% year-to-year. The level of export price peaked at $X per ton in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Guyana ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Guyana, while the other leaders experienced more modest paces of growth.

Brown Rice Imports

Imports in Latin America and the Caribbean

In 2018, the imports of husked (brown) rice in Latin America and the Caribbean totaled X tons, waning by -X% against the previous year. Over the period under review, brown rice imports continue to indicate a measured setback. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. The volume of imports peaked at X tons in 2012; however, from 2013 to 2018, imports remained at a lower figure.

In value terms, brown rice imports totaled $X in 2018. Over the period under review, brown rice imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Over the period under review, brown rice imports reached their peak figure at $X in 2013; however, from 2014 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Brazil dominates brown rice imports structure, resulting at X tons, which was near X% of total imports in 2018. Panama (X tons) occupied the second position in the ranking, followed by Trinidad and Tobago (X tons). All these countries together took approx. X% share of total imports. The following importers - Jamaica (X tons), Cuba (X tons), Haiti (X tons) and Barbados (X tons) - together made up X% of total imports.

Brazil experienced a relatively flat trend pattern of husked (brown) rice imports. At the same time, Cuba (+X%), Panama (+X%) and Barbados (+X%) displayed positive paces of growth. Moreover, Cuba emerged as the fastest-growing importer in Latin America and the Caribbean, with a CAGR of +X% from 2007-2018. By contrast, Trinidad and Tobago (-X%), Haiti (-X%) and Jamaica (-X%) illustrated a downward trend over the same period. While the share of Panama (+X p.p.) and Cuba (+X p.p.) increased significantly in terms of the total imports from 2007-2018, the share of Haiti (-X p.p.), Trinidad and Tobago (-X p.p.), Brazil (-X p.p.) and Jamaica (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest brown rice importing markets in Latin America and the Caribbean were Brazil ($X), Panama ($X) and Trinidad and Tobago ($X), with a combined X% share of total imports. Haiti, Jamaica, Cuba and Barbados lagged somewhat behind, together comprising a further X the main importing countries, Cuba (+X% per year) experienced the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the brown rice import price in Latin America and the Caribbean amounted to $X per ton, surging by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the import price increased by X% against the previous year. In that year, the import prices for husked (brown) rice attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for husked (brown) rice remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Panama ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Haiti, while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform