Argentina: Rice Market 2024

Rice Market Size in Argentina

In 2022, after two years of growth, there was significant decline in the Argentinian rice market, when its value decreased by X% to $X. In general, consumption recorded a slight shrinkage. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Rice Production in Argentina

In value terms, rice production totaled $X in 2022 estimated in export price. Overall, production saw a noticeable setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

In 2022, the average yield of rice in Argentina declined modestly to X tons per ha, shrinking by X% compared with 2021. Over the period under review, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha, and then declined 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 rice were harvested in Argentina; shrinking by X% compared with the previous year's figure. In general, the harvested area showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the harvested area dedicated to rice production attained the peak figure at X ha in 2014; however, from 2015 to 2022, the harvested area remained at a lower figure.

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Rice Exports

Exports from Argentina

In 2022, after two years of decline, there was significant growth in shipments abroad of rice, when their volume increased by X% to X tons. Overall, exports, however, continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, rice exports surged to $X in 2022. In general, exports, however, continue to indicate a perceptible decline. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X tons), Spain (X tons) and Chile (X tons) were the main destinations of rice exports from Argentina, together accounting for X% of total exports. The Netherlands, Mexico, the United States and Turkey lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and Spain ($X) appeared to be the largest markets for rice exported from Argentina worldwide, with a combined X% share of total exports. The Netherlands, the United States, Mexico and Turkey lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Mexico, 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 rice export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($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 Iran (X%), while the prices for the other major destinations experienced more modest paces of growth.

Rice Imports

Imports into Argentina

In 2022, purchases abroad of rice decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, rice imports amounted to $X in 2022. Overall, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Uruguay (X tons) constituted the largest rice supplier to Argentina, with a X% share of total imports. Moreover, rice imports from Uruguay exceeded the figures recorded by the second-largest supplier, Paraguay (X tons), eightfold. The third position in this ranking was held by Spain (X tons), with a X% share.

From 2012 to 2022, 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: Paraguay (X% per year) and Spain (X% per year).

In value terms, Uruguay ($X) constituted the largest supplier of rice to Argentina, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with an X% share of total imports. It was followed by Australia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Uruguay totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Australia (X.0% per year).

Import Prices by Country

In 2022, the average rice import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Uruguay ($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 more modest paces of growth.

Source: IndexBox Platform

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