MERCOSUR: Paddy Rice Market 2024

Paddy Rice Market Size in MERCOSUR

The MERCOSUR paddy rice market dropped to $X in 2023, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2022, and then contracted in the following year.

Paddy Rice Production in MERCOSUR

In value terms, paddy rice production contracted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2022, and then reduced in the following year.

The country with the largest volume of paddy rice production was Brazil (X tons), accounting for 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.

From 2012 to 2023, the average annual rate of growth in terms of volume in Brazil was relatively modest. 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 totaled X tons per ha in 2023, almost unchanged from the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2021; afterwards, it flattened through to 2023. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The paddy rice harvested area stood at X ha in 2023, standing approx. at the previous year. Over the period under review, the harvested area, however, continues to indicate a mild decrease. The most prominent rate of growth was recorded 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 peak figure at X ha in 2013; however, from 2014 to 2023, the harvested area failed to regain momentum.

Paddy Rice Exports

Exports in MERCOSUR

In 2023, the amount of paddy rice exported in MERCOSUR contracted to X tons, shrinking by X% on the previous year's figure. Overall, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2022, and then fell in the following year.

In value terms, paddy rice exports expanded markedly to $X in 2023. Over the period under review, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in the immediate term.

Exports by Country

Brazil represented the largest exporter of paddy rice in MERCOSUR, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2023. Uruguay (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Paraguay (X%).

Brazil was also the fastest-growing in terms of the paddy rice exports, with a CAGR of X% from 2012 to 2023. At the same time, Uruguay (X%) and Paraguay (X%) displayed positive paces of growth. Brazil (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 2023, 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.

In Brazil, paddy rice exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Uruguay (X% per year) and Paraguay (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, increasing by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced more modest paces of growth.

Paddy Rice Imports

Imports in MERCOSUR

In 2023, paddy rice imports in MERCOSUR totaled X tons, flattening at the year before. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, paddy rice imports rose markedly to $X in 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Venezuela was the largest importer of paddy rice in MERCOSUR, with the volume of imports resulting at X tons, which was near X% of total imports in 2023. Colombia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Brazil (X%).

Venezuela experienced a relatively flat trend pattern with regard to volume of imports of paddy rice. 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 2012-2023. By contrast, Brazil (X%) illustrated a downward trend over the same period. Colombia (X p.p.) significantly strengthened its position in terms of the total imports, while Venezuela and Brazil saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Venezuela ($X) constitutes the largest market for imported paddy rice in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in Venezuela was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, growing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Brazil ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform