MERCOSUR: Paddy Rice Market 2024

Paddy Rice Market Size in MERCOSUR

The MERCOSUR paddy rice market fell modestly to $X in 2022, flattening at the previous year. Over the period under review, consumption continues to indicate a slight setback. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Paddy Rice Production in MERCOSUR

In value terms, paddy rice production rose markedly to $X in 2022 estimated in export price. Overall, production recorded a noticeable setback. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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

In Brazil, paddy rice production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Peru (X% per year) and Colombia (X% per year).

The average paddy rice yield declined slightly to X tons per ha in 2022, with a decrease of X% against 2021 figures. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the yield increased by X%. The level of yield peaked at X tons per ha in 2021, and then dropped 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.

In 2022, approx. X ha of paddy rice were harvested in MERCOSUR; leveling off at the year before. Over the period under review, the harvested area, however, saw a slight setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Paddy Rice Exports

Exports in MERCOSUR

In 2022, approx. X tons of paddy rice were exported in MERCOSUR; picking up by X% on the previous year's figure. In general, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, paddy rice exports soared to $X in 2022. Over the period under review, exports enjoyed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Brazil (X tons) represented the largest exporter of paddy rice, mixing up X% of total exports. Uruguay (X tons) ranks second in terms of the total exports with a X% share, followed by Paraguay (X%) and Guyana (X%).

Brazil was also the fastest-growing in terms of the paddy rice exports, with a CAGR of X% from 2012 to 2022. At the same time, Paraguay (X%) and Uruguay (X%) displayed positive paces of growth. By contrast, Guyana (X%) illustrated a downward trend over the same period. Brazil (X p.p.) and Guyana (X p.p.) significantly strengthened its position in terms of the total exports, while Paraguay and Uruguay saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Brazil ($X) remains the largest paddy rice supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Uruguay ($X), with a X% share of total exports. It was followed by Guyana, with a X% share.

In Brazil, paddy rice exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uruguay (X% per year) and Guyana (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price, however, recorded a pronounced setback. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Guyana ($X per ton) and Brazil ($X per ton), while Paraguay ($X per ton) and Uruguay ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced a decline in the export price figures.

Paddy Rice Imports

Imports in MERCOSUR

In 2022, the amount of paddy rice imported in MERCOSUR declined to X tons, shrinking by X% on 2021. Total imports indicated slight 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 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, paddy rice imports reduced to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Venezuela was the major importing country with an import of around X tons, which amounted to X% of total imports. Colombia (X tons) took the second position in the ranking, distantly followed by Brazil (X tons). All these countries together took near X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to paddy rice imports into Venezuela stood at X%. At the same time, Colombia (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) illustrated a downward trend over the same period. While the share of Colombia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Brazil (X p.p.) and Venezuela (X p.p.) displayed negative dynamics.

In value terms, the largest paddy rice importing markets in MERCOSUR were Venezuela ($X), Colombia ($X) and Brazil ($X), with a combined X% share of total imports.

Colombia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, leveling off at the previous year. In general, the import price, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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