Peru: Milled Rice Market 2020

Milled Rice Market Size in Peru

The revenue of the milled rice market in Peru amounted to $X in 2018, waning by -X% against the previous year. In general, the total market indicated a prominent expansion from 2007 to 2018: its value increased 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 2012 with an increase of X% against the previous year. Over the period under review, the milled rice market reached its peak figure level at $X in 2017, and then declined slightly in the following year.

Milled Rice Production in Peru

In value terms, milled rice production stood at $X in 2018 estimated in export prices. Over the period under review, the total output indicated a resilient increase from 2007 to 2018: its value increased 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. Based on 2018 figures, milled rice production decreased by -X% against 2015 indices. The pace of growth was the most pronounced in 2012 when production volume increased by X% y-o-y. Over the period under review, milled rice production attained its maximum level at $X in 2015; however, from 2016 to 2018, production failed to regain its momentum.

In 2018, the average yield of milled rice in Peru stood at X ton per ha, therefore, remained relatively stable against the previous year. In general, the milled rice yield, however, continues to indicate a mild deduction. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Milled rice yield peaked at X ton per ha in 2007; however, from 2008 to 2018, yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of milled rice were harvested in Peru; going up by X% against the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to milled rice production reached its maximum in 2018 and is expected to retain its growth in the immediate term.

Milled Rice Exports

Exports from Peru

In 2018, the exports of milled rice from Peru totaled X tons, jumping by X% against the previous year. Over the period under review, milled rice exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. Over the period under review, milled rice exports reached their maximum in 2018 and are likely to see steady growth in the immediate term.

In value terms, milled rice exports totaled $X in 2018. In general, milled rice exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, milled rice exports attained their peak figure in 2018 and are likely to continue its growth in the immediate term.

Exports by Country

Colombia (X tons) was the main destination for milled rice exports from Peru, accounting for a X% share of total exports. Moreover, milled rice exports to Colombia exceeded the volume sent to the second major destination, Austria (X tons), more than tenfold. The third position in this ranking was occupied by Chile (X tons), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Colombia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+X% per year) and Chile (+X% per year).

In value terms, Colombia ($X) remains the key foreign market for milled rice exports from Peru, comprising X% of total milled rice exports. The second position in the ranking was occupied by Chile ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Colombia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+X% per year) and Austria (+X% per year).

Export Prices by Country

In 2018, the average milled rice export price amounted to $X per ton, shrinking by -X% against the previous year. In general, the export price indicated a strong expansion from 2007 to 2018: its price increased 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 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices for milled rice reached their maximum at $X per ton in 2017, and then declined slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Chile ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Chile, while the prices for the other major destinations experienced more modest paces of growth.

Milled Rice Imports

Imports into Peru

In 2018, the milled rice imports into Peru amounted to X tons, coming down by -X% against the previous year. Over the period under review, milled rice imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. Imports peaked at X tons in 2017, and then declined slightly in the following year.

In value terms, milled rice imports totaled $X in 2018. In general, milled rice imports, however, continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Imports peaked at $X in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, Uruguay (X tons) constituted the largest milled rice supplier to Peru, accounting for a X% share of total imports. Moreover, milled rice imports from Uruguay exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold.

From 2007 to 2018, the average annual growth rate of volume from Uruguay stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Thailand (+X% per year).

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

From 2007 to 2018, the average annual rate of growth in terms of value from Uruguay stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Thailand (+X% per year).

Import Prices by Country

The average milled rice import price stood at $X per ton in 2018, going up by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2018, the country with the highest price was Uruguay ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Uruguay, while the prices for the other major suppliers experienced a decline.

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Source: IndexBox Platform