Uruguay: Paddy Rice Market 2024

Paddy Rice Market Size in Uruguay

In 2022, after two years of growth, there was significant decline in the Uruguayan paddy rice market, when its value decreased by X% to $X. Over the period under review, consumption recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Paddy Rice Production in Uruguay

In value terms, paddy rice production totaled $X in 2022 estimated in export price. Over the period under review, production showed a noticeable reduction. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Paddy rice production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of paddy rice in Uruguay shrank modestly to X tons per ha in 2022, reducing by X% on the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha, and then shrank slightly 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 Uruguay; approximately equating the year before. Over the period under review, the harvested area, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2017 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to paddy rice production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

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Paddy Rice Exports

Exports from Uruguay

In 2022, overseas shipments of paddy rice were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports showed a prominent increase. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, paddy rice exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Venezuela (X tons), Costa Rica (X tons) and Mexico (X tons) were the main destinations of paddy rice exports from Uruguay, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Costa Rica (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X), Costa Rica ($X) and Mexico ($X) were the largest markets for paddy rice exported from Uruguay worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Costa Rica, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average paddy rice export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price continues to indicate a noticeable slump. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced mixed trend patterns.

Paddy Rice Imports

Imports into Uruguay

In 2022, supplies from abroad of paddy rice decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports faced a deep slump. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, paddy rice imports reduced notably to $X in 2022. Over the period under review, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest paddy rice supplier to Uruguay, accounting for a X% share of total imports. Moreover, paddy rice imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Argentina (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2022, the average paddy rice import price amounted to $X per ton, remaining stable against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price 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, paddy rice import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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