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Latin America and the Caribbean - Paddy Rice - Market Analysis, Forecast, Size, Trends and Insights
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Latin America and the Caribbean: Rice Paddy Market Overview 2021

Rice Paddy Market Size in Latin America and the Caribbean

In 2020, after four years of decline, there was growth in the Latin American rice paddy market, when its value increased by X% to $X. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. The level of consumption peaked at $X in 2015; however, from 2016 to 2020, consumption stood at a somewhat lower figure.

Rice Paddy Production in Latin America and the Caribbean

In value terms, rice paddy production amounted to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. The level of production peaked at $X in 2013; however, from 2014 to 2020, production stood at a somewhat lower figure.

Brazil (X tonnes) remains the largest rice paddy producing country in Latin America and the Caribbean, accounting for X% of total volume. Moreover, rice paddy production in Brazil exceeded the figures recorded by the second-largest producer, Peru (X tonnes), threefold. Colombia (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in Brazil was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Peru (+X% per year) and Colombia (+X% per year).

In 2020, the average yield of rice paddy in Latin America and the Caribbean expanded slightly to X tonnes per ha, surging by X% against the year before. The yield figure increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2011 when the yield increased by X% y-o-y. Over the period under review, the rice paddy 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 total area harvested in terms of rice paddy production in Latin America and the Caribbean declined modestly to X ha, flattening at the previous year's figure. Overall, the harvested area showed a mild shrinkage. The growth pace was the most rapid in 2009 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 2010 to 2020, the growth of the rice paddy harvested area remained at a lower figure.

Production By Country in Latin America and the Caribbean

The country with the largest volume of rice paddy production was Brazil (X tonnes), comprising approx. X% of total volume. Moreover, rice paddy production in Brazil exceeded the figures recorded by the second-largest producer, Peru (X tonnes), threefold. Colombia (X tonnes) ranked third in terms of total production with a X% share.

In Brazil, rice paddy production remained relatively stable over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Peru (+X% per year) and Colombia (+X% per year).

Rice Paddy Exports

Exports in Latin America and the Caribbean

For the seventh consecutive year, LatAmerica and the Caribbean recorded growth in shipments abroad of rice paddy, which increased by X% to X tonnes in 2020. Overall, exports saw a resilient expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, rice paddy exports skyrocketed to $X in 2020. In general, exports continue to indicate a prominent expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2020, Brazil (X tonnes) represented the major exporter of rice paddy, generating X% of total exports. It was distantly followed by Paraguay (X tonnes), Uruguay (X tonnes), Suriname (X tonnes) and Guyana (X tonnes), together comprising a X% share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of rice paddy. At the same time, Suriname (+X%), Uruguay (+X%), Paraguay (+X%) and Guyana (+X%) displayed positive paces of growth. Moreover, Suriname emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. While the share of Brazil (+X p.p.), Suriname (+X p.p.) and Uruguay (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Paraguay (-X p.p.) and Guyana (-X p.p.) displayed negative dynamics.

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

In Brazil, rice paddy exports remained relatively stable over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Paraguay (+X% per year) and Suriname (+X% per year).

Export Prices by Country

In 2020, the rice paddy export price in Latin America and the Caribbean amounted to $X per tonne, with a decrease of -X% against the previous year. Overall, the export price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, export prices hit record highs at $X per tonne in 2008; however, from 2009 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Suriname ($X per tonne), while Paraguay ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Suriname, while the other leaders experienced more modest paces of growth.

Rice Paddy Imports

Imports in Latin America and the Caribbean

In 2020, the amount of rice paddy imported in Latin America and the Caribbean shrank slightly to X tonnes, flattening at the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. from 2019 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, rice paddy imports skyrocketed to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. The level of import peaked in 2020 and is expected to retain growth in years to come.

Imports by Country

Mexico represented the major importing country with an import of about X tonnes, which reached X% of total imports. Venezuela (X tonnes) ranks second in terms of the total imports with a X% share, followed by Costa Rica (X%), Colombia (X%), Guatemala (X%), Honduras (X%), Brazil (X%), Panama (X%) and Nicaragua (X%).

Mexico experienced a relatively flat trend pattern with regard to volume of imports of rice paddy. At the same time, Colombia (+X%), Brazil (+X%), Honduras (+X%), Panama (+X%) and Guatemala (+X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. Costa Rica experienced a relatively flat trend pattern. By contrast, Nicaragua (-X%) and Venezuela (-X%) illustrated a downward trend over the same period. While the share of Colombia (+X p.p.), Brazil (+X p.p.), Honduras (+X p.p.), Guatemala (+X p.p.) and Panama (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Mexico (-X p.p.) and Venezuela (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported rice paddy in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Venezuela ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Mexico stood at +X%. In the other countries, the average annual rates were as follows: Venezuela (-X% per year) and Colombia (+X% per year).

Import Prices by Country

In 2020, the rice paddy import price in Latin America and the Caribbean amounted to $X per tonne, with an increase of X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. Over the period under review, import prices hit record highs at $X per tonne in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Brazil ($X per tonne), while Panama ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rice in LatAmerica and the Caribbean?
+
Brazil (9.8M tonnes) constituted the country with the largest volume of rice consumption, comprising approx. 35% of total volume. Moreover, rice consumption in Brazil exceeded the figures recorded by the second-largest consumer, Peru (3.6M tonnes), threefold. The third position in this ranking was occupied by Colombia (3.4M tonnes), with a 12% share.
What are the largest producers of rice in LatAmerica and the Caribbean?
+
Brazil (10M tonnes) remains the largest rice producing country in Latin America and the Caribbean, accounting for 38% of total volume. Moreover, rice production in Brazil exceeded the figures recorded by the second-largest producer, Peru (3.3M tonnes), threefold. The third position in this ranking was occupied by Colombia (3.1M tonnes), with a 11% share.
What are the leading suppliers of rice in LatAmerica and the Caribbean?
+
In value terms, Brazil ($504M), Uruguay ($462M) and Paraguay ($295M) were the countries with the highest levels of exports in 2020, with a combined 70% share of total exports.
What are the leading importers of rice in LatAmerica and the Caribbean?
+
In value terms, Mexico ($448M), Brazil ($398M) and Haiti ($292M) were the countries with the highest levels of imports in 2020, together comprising 47% of total imports. These countries were followed by Venezuela, Peru, Colombia, Chile, Costa Rica, Cuba, Guatemala, Honduras, Nicaragua and Panama, which together accounted for a further 45%.
What is the average export price for rice in LatAmerica and the Caribbean?
+
In 2020, the rice export price in Latin America and the Caribbean amounted to $403 per tonne, rising by 1.6% against the previous year.
What is the average import price for rice in LatAmerica and the Caribbean?
+
In 2020, the rice import price in Latin America and the Caribbean amounted to $451 per tonne, increasing by 19% against the previous year.

Product coverage:
• FCL 27 - Rice, paddy

This report provides an in-depth analysis of the rice paddy market in Latin America and the Caribbean. 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:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• 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

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
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 VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

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

The Largest Exporters on The Market and How They Succeed

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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
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, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Harvested Area, By Country, 2007–2020
Table 7:
Yield, By Country, 2007–2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Harvested Area, By Country, 2020
Figure 24:
Harvested Area, By Country, 2007–2020
Figure 25:
Yield, By Country, 2007–2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020
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