Chile: Milled Rice Market 2020

Milled Rice Market Size in Chile

The revenue of the milled rice market in Chile amounted to $X in 2018, increasing by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Milled rice consumption peaked at $X in 2015; however, from 2016 to 2018, consumption remained at a lower figure.

Milled Rice Production in Chile

In value terms, milled rice production stood at $X in 2018 estimated in export prices. Over the period under review, the total output indicated resilient growth from 2007 to 2018: its value 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 production decreased by -X% against 2016 indices. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. In that year, milled rice production reached its peak level of $X. From 2009 to 2018, milled rice production growth remained at a somewhat lower figure.

In 2018, the average yield of milled rice in Chile amounted to X ton per ha, growing by X% against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Milled rice yield peaked at X ton per ha in 2015; however, from 2016 to 2018, yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of milled rice production in Chile totaled X ha, remaining stable against the previous year. Overall, the milled rice harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to milled rice production reached its peak figure at X ha in 2016; however, from 2017 to 2018, harvested area failed to regain its momentum.

Milled Rice Exports

Exports from Chile

Milled rice exports from Chile stood at X tons in 2018, growing by X% against the previous year. Over the period under review, the total exports indicated measured growth from 2007 to 2018: its volume 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 exports increased by +X% against 2011 indices. The pace of growth was the most pronounced in 2009 when exports increased by X% year-to-year. Exports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, milled rice exports totaled $X in 2018. Overall, the total exports indicated a strong increase 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. Based on 2018 figures, milled rice exports increased by +X% against 2011 indices. The pace of growth was the most pronounced in 2009 when exports increased by X% against the previous year. Over the period under review, milled rice exports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

Venezuela (X tons) was the main destination for milled rice exports from Chile, accounting for a X% share of total exports. Moreover, milled rice exports to Venezuela exceeded the volume sent to the second major destination, Brazil (X tons), more than tenfold.

From 2007 to 2018, the average annual rate of growth in terms of volume to Venezuela stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+X% per year) and Turkey (+X% per year).

In value terms, Venezuela ($X) remains the key foreign market for milled rice exports from Chile, comprising X% of total milled rice exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total exports.

From 2007 to 2018, the average annual growth rate of value to Venezuela totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+X% per year) and Turkey (-X% per year).

Export Prices by Country

The average milled rice export price stood at $X per ton in 2018, growing by X% against the previous year. In general, the export price indicated a buoyant expansion from 2007 to 2018: its price 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. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. In that year, the average export prices for milled rice attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the average export prices for milled rice remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Brazil ($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 Venezuela, while the prices for the other major destinations experienced a decline.

Milled Rice Imports

Imports into Chile

Milled rice imports into Chile amounted to X tons in 2018, increasing by X% against the previous year. Over the period under review, the total imports indicated a remarkable expansion from 2007 to 2018: its volume 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 imports increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, milled rice imports stood at $X in 2018. In general, the total imports indicated a remarkable increase from 2007 to 2018: its value 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 imports increased by +X% against 2014 indices. The growth pace was the most rapid in 2008 when imports increased by X% against the previous year. In that year, milled rice imports attained their peak of $X. From 2009 to 2018, the growth of milled rice imports remained at a somewhat lower figure.

Imports by Country

Argentina (X tons), Paraguay (X tons) and Uruguay (X tons) were the main suppliers of milled rice imports to Chile, together comprising X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Paraguay, while imports for the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

In 2018, the average milled rice import price amounted to $X per ton, declining by -X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. In that year, the average import prices for milled rice reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the average import prices for milled rice remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was the U.S. ($X per ton), while the price for Paraguay ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform