Colombia: Brown Rice Market 2020

Brown Rice Exports

Exports from Colombia

Brown rice exports from Colombia totaled X tons in 2018, lowering by -X% against the previous year. In general, brown rice exports, however, continue to indicate a moderate increase. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. In that year, brown rice exports attained their peak of X tons. From 2010 to 2018, the growth of brown rice exports remained at a somewhat lower figure.

In value terms, brown rice exports amounted to $X in 2018. Over the period under review, brown rice exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. In that year, brown rice exports reached their peak of $X. From 2010 to 2018, the growth of brown rice exports failed to regain its momentum.

Exports by Country

Brunei Darussalam (X kg) was the main destination for brown rice exports from Colombia, accounting for a X% share of total exports. Moreover, brown rice exports to Brunei Darussalam exceeded the volume sent to the second major destination, Curacao (X kg), fourfold. The third position in this ranking was occupied by Serbia (X kg), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Brunei Darussalam totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Curacao (X% per year) and Serbia (X% per year).

In value terms, Brunei Darussalam ($X) remains the key foreign market for brown rice exports from Colombia, comprising X% of total brown rice exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by Curacao, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Brunei Darussalam stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and Curacao (X% per year).

Export Prices by Country

In 2018, the average brown rice export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price indicated strong growth from 2007 to 2018: its price 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, brown rice export price increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% against the previous year. Over the period under review, the average export prices for husked (brown) rice reached their maximum in 2018 and is expected to retain its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per ton), while the average price for exports to Curacao ($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 the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Brown Rice Imports

Imports into Colombia

Brown rice imports into Colombia totaled X tons in 2018, going up by X% against the previous year. Overall, brown rice imports continue to indicate a prominent increase. The growth pace was the most rapid in 2013 when imports increased by X% year-to-year. Imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, brown rice imports stood at $X in 2018. Over the period under review, brown rice imports continue to indicate remarkable growth. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, brown rice imports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X tons) constituted the largest brown rice supplier to Colombia, with a X% share of total imports. Moreover, brown rice imports from the U.S. exceeded the figures recorded by the second-largest supplier, Myanmar (X tons), threefold.

From 2007 to 2018, the average annual growth rate of volume from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (-X% per year) and Ecuador (+X% per year).

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

From 2007 to 2018, 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: Myanmar (-X% per year) and Ecuador (+X% per year).

Import Prices by Country

In 2018, the average brown rice import price amounted to $X per ton, lowering by -X% against the previous year. Over the period under review, the brown rice import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% against the previous year. In that year, the average import prices for husked (brown) rice reached their peak level of $X per ton. From 2012 to 2018, the growth in terms of the average import prices for husked (brown) rice failed to regain its momentum.

Average prices varied somewhat amongst the major supplying countries. In 2018, the country with the highest price was Ecuador ($X per ton), while the price for the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Ecuador, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform