Brazil: Milled Rice Market 2020

Milled Rice Market Size in Brazil

The revenue of the milled rice market in Brazil amounted to $X in 2018, reducing by -X% against the previous year. Over the period under review, milled rice consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. In that year, the milled rice market reached its peak level of $X. From 2010 to 2018, the growth of the milled rice market remained at a lower figure.

Milled Rice Production in Brazil

In value terms, milled rice production stood at $X in 2018 estimated in export prices. In general, milled rice production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. In that year, milled rice production reached its peak level of $X. From 2010 to 2018, milled rice production growth remained at a lower figure.

Average yield of milled rice in Brazil totaled X ton per ha in 2018, going up by X% against the previous year. Over the period under review, the yield indicated remarkable growth from 2007 to 2018: its figure 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 yield increased by +X% against 2010 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Milled rice yield peaked in 2018 and is expected to retain its growth in the immediate term. 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 Brazil; lowering by -X% against the previous year. Overall, the milled rice harvested area continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2017 when harvested area increased by X% year-to-year. Milled rice harvested area peaked at X ha in 2007; however, from 2008 to 2018, harvested area failed to regain its momentum.

Milled Rice Exports

Exports from Brazil

Milled rice exports from Brazil totaled X tons in 2018, jumping by X% against the previous year. Overall, milled rice exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. Exports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, milled rice exports stood at $X in 2018. Overall, milled rice exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2009 when exports increased by X% year-to-year. In that year, milled rice exports reached their peak of $X. From 2010 to 2018, the growth of milled rice exports remained at a lower figure.

Exports by Country

Senegal (X tons), Gambia (X tons) and Peru (X tons) were the main destinations of milled rice exports from Brazil, together comprising X% of total exports. These countries were followed by Sierra Leone, Cuba, Iraq, Venezuela, Mali, Mauritania, Switzerland, the U.S. and the Netherlands, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Venezuela, while exports for the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Peru ($X) and Cuba ($X) constituted the largest markets for milled rice exported from Brazil worldwide, with a combined X% share of total exports. Iraq, Venezuela, Gambia, Sierra Leone, Mali, the U.S., Switzerland, the Netherlands and Mauritania lagged somewhat behind, together accounting for a further X U.S. experienced the highest growth rate of market size, among the main countries of destination over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average milled rice export price stood at $X per ton in 2018, reducing by -X% against the previous year. In general, the milled rice export price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. In that year, the average export prices for milled rice attained their peak level of $X per ton. From 2010 to 2018, the growth in terms of the average export prices for milled rice failed to regain its momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Iraq ($X per ton), while the average price for exports to Mauritania ($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 Gambia, while the prices for the other major destinations experienced more modest paces of growth.

Milled Rice Imports

Imports into Brazil

In 2018, approx. X tons of milled rice were imported into Brazil; shrinking by -X% against the previous year. In general, milled rice imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X% y-o-y. Imports peaked at X tons in 2017, and then declined slightly in the following year.

In value terms, milled rice imports amounted to $X in 2018. Overall, the total imports indicated a mild expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Imports peaked at $X in 2010; however, from 2011 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Paraguay (X tons) constituted the largest milled rice supplier to Brazil, with a X% share of total imports. Moreover, milled rice imports from Paraguay exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), twofold. Argentina (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Paraguay totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (-X% per year) and Argentina (-X% per year).

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

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

Import Prices by Country

In 2018, the average milled rice import price amounted to $X per ton, falling by -X% against the previous year. Overall, the milled rice import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. In that year, the average import prices for milled rice attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the average import prices for milled rice failed to regain its momentum.

Average prices varied somewhat amongst the major supplying countries. In 2018, the highest prices were recorded for prices from Suriname ($X per ton) and Uruguay ($X per ton), while the price for Argentina ($X per ton) and Guyana ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Suriname, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform