Colombia: Milled Rice Market 2020

Milled Rice Market Size in Colombia

The revenue of the milled rice market in Colombia amounted to $X in 2018, going up by X% against the previous year. In general, the total market indicated a buoyant 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 consumption increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2013 when the market value increased by X% against the previous year. Milled rice consumption peaked in 2018 and is expected to retain its growth in the near future.

Milled Rice Production in Colombia

In value terms, milled rice production stood at $X in 2018 estimated in export prices. In general, milled rice production continues to indicate resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Milled rice production peaked in 2018 and is expected to retain its growth in the near future.

Average yield of milled rice in Colombia amounted to X ton per ha in 2018, remaining stable against the previous year. In general, the milled rice yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when yield increased by X% against the previous year. Milled rice yield peaked at X ton per ha in 2016; however, from 2017 to 2018, yield remained at a lower figure. 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 Colombia stood at X ha, growing by X% against the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 when harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to milled rice production attained its peak figure in 2018 and is likely to see steady growth in the immediate term.

Milled Rice Exports

Exports from Colombia

In 2018, approx. X tons of milled rice were exported from Colombia; jumping by X% against the previous year. Overall, milled rice exports continue to indicate an outstanding expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% y-o-y. In that year, milled rice exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, milled rice exports stood at $X in 2018. In general, milled rice exports continue to indicate outstanding growth. The growth pace was the most rapid in 2018 when exports increased by X% y-o-y. In that year, milled rice exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

Free Zones (X tons) was the main destination for milled rice exports from Colombia, accounting for a approx. X% share of total exports.

From 2007 to 2018, the average annual growth rate of volume to Free Zones stood at +X%.

In value terms, Free Zones ($X) also remains the key foreign market for milled rice exports from Colombia.

From 2007 to 2018, the average annual growth rate of value to Free Zones totaled +X%.

Export Prices by Country

In 2018, the average milled rice export price amounted to $X per ton, going up by X% against the previous year. Over the period under review, the milled rice export price continues to indicate a temperate increase. The pace of growth appeared the most rapid in 2013 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 2014 to 2018, the growth in terms of the average export prices for milled rice remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Free Zones.

From 2007 to 2018, the rate of growth in terms of prices for Free Zones amounted to +X% per year.

Milled Rice Imports

Imports into Colombia

In 2018, the amount of milled rice imported into Colombia amounted to X tons, dropping by -X% against the previous year. In general, milled rice imports continue to indicate a deep drop. The most prominent rate of growth was recorded in 2015 when imports increased by X% y-o-y. Imports peaked at X tons in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

In value terms, milled rice imports stood at $X in 2018. In general, milled rice imports continue to indicate a deep drop. The growth pace was the most rapid in 2012 when imports increased by X% y-o-y. Imports peaked at $X in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

Imports by Country

Ecuador (X tons), the U.S. (X tons) and Peru (X tons) were the main suppliers of milled rice imports to Colombia, with a combined X% share of total imports.

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

In value terms, the largest milled rice suppliers to Colombia were Ecuador ($X), the U.S. ($X) and Peru ($X), with a combined X% share of total imports.

Among the main suppliers, the U.S. (+X% per year) recorded the highest growth rate of market size, over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average milled rice import price amounted to $X per ton, reducing by -X% against the previous year. In general, the import price indicated a slight expansion 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, milled rice import price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2017 an increase of X% y-o-y. Over the period under review, the average import prices for milled rice reached their peak figure at $X per ton in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Ecuador ($X per ton), while the price for Guyana ($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 mixed trend patterns.

Source: IndexBox Platform