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Uruguay - Rice - Market Analysis, Forecast, Size, Trends And Insights
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Uruguay: Rice Market Overview 2021

Rice Market Size in Uruguay

In 2020, after three years of growth, there was significant decline in the Uruguayan rice market, when its value decreased by -X% to $X. Overall, consumption showed a tangible expansion. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level at $X in 2019, and then fell dramatically in the following year.

Rice Production in Uruguay

In value terms, rice production stood at $X in 2020 estimated in export prices. In general, production continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% year-to-year. Over the period under review, production attained the peak level in 2020 and is likely to see steady growth in the immediate term.

In 2020, the average yield of rice in Uruguay totaled X tonnes per ha, approximately mirroring 2019. Overall, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. The rice yield peaked at X tonnes per ha in 2015; however, from 2016 to 2020, the 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 2020, the total area harvested in terms of rice production in Uruguay declined to X ha, approximately reflecting 2019 figures. Overall, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the harvested area increased by X% y-o-y. As a result, the harvested area attained the peak level of X ha. from 2012 to 2020, the growth of the rice harvested area failed to regain the momentum.

Rice Exports

Exports from Uruguay

In 2020, overseas shipments of rice were finally on the rise to reach X tonnes for the first time since 2014, thus ending a five-year declining trend. In general, total exports indicated slight growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, exports attained the maximum at X tonnes in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

In value terms, rice exports skyrocketed to $X in 2020. Over the period under review, total exports indicated a notable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, exports attained the maximum at $X in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

Exports by Country

Brazil (X tonnes), Peru (X tonnes) and Mexico (X tonnes) were the main destinations of rice exports from Uruguay, with a combined X% share of total exports. Cuba, Turkey, Panama, Senegal, the UK, Belgium, Angola, Costa Rica, Sierra Leone and Chile lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Costa Rica (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rice exported from Uruguay were Peru ($X), Brazil ($X) and Mexico ($X), together accounting for X% of total exports. Cuba, Turkey, Panama, the UK, Senegal, Belgium, Costa Rica, Angola, Chile and Sierra Leone lagged somewhat behind, together comprising a further X Rica (+X% per year) recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average rice export price stood at $X per tonne in 2020, which is down by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the maximum at $X per tonne in 2017; however, from 2018 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Panama ($X per tonne), while the average price for exports to Sierra Leone ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica, while the prices for the other major destinations experienced more modest paces of growth.

Rice Imports

Imports into Uruguay

In 2020, rice imports into Uruguay soared to X tonnes, rising by X% against the previous year. In general, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tonnes in 2013; however, from 2014 to 2020, imports remained at a lower figure.

In value terms, rice imports skyrocketed to $X in 2020. Overall, imports recorded a remarkable increase. The growth pace was the most rapid in 2009 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the U.S. (X tonnes) constituted the largest supplier of rice to Uruguay, with a X% share of total imports. Moreover, rice imports from the U.S. exceeded the figures recorded by the second-largest supplier, Paraguay (X tonnes), eightfold. The third position in this ranking was occupied by Brazil (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (-X% per year) and Brazil (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value from the U.S. amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Italy (+X% per year).

Import Prices by Country

The average rice import price stood at $X per tonne in 2020, increasing by X% against the previous year. In general, import price indicated a measured expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, rice import price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure in 2020 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rice in the world?
+
The countries with the highest volumes of rice consumption in 2020 were China (212M tonnes), India (166M tonnes) and Bangladesh (57M tonnes), together comprising 57% of global consumption.
What are the largest producers of rice in the world?
+
The countries with the highest volumes of rice production in 2020 were China (212M tonnes), India (181M tonnes) and Bangladesh (56M tonnes), with a combined 58% share of global production.
What are the leading suppliers of rice to Uruguay?
+
In value terms, the U.S. ($1.3M) constituted the largest supplier of rice to Uruguay, comprising 83% of total imports. The second position in the ranking was occupied by Brazil ($113K), with a 7% share of total imports. It was followed by Italy, with a 2.9% share.
What are the leading importers of rice from Uruguay?
+
In value terms, the largest markets for rice exported from Uruguay were Peru ($96M), Brazil ($92M) and Mexico ($48M), with a combined 51% share of total exports. These countries were followed by Cuba, Turkey, Panama, the UK, Senegal, Belgium, Costa Rica, Angola, Chile and Sierra Leone, which together accounted for a further 40%.
What is the average export price for rice in Uruguay?
+
In 2020, the average rice export price amounted to $473 per tonne, declining by -5.9% against the previous year.
What is the average import price for rice in Uruguay?
+
In 2020, the average rice import price amounted to $1,001 per tonne, rising by 15% against the previous year.

Product coverage:
• FCL 27 - Rice, paddy

This report provides an in-depth analysis of the rice market in Uruguay. 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:
• Uruguay

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Uruguay
• 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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

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

The Largest Destinations for Exports

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

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 In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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