Colombia: Paddy Rice Market 2025

Paddy Rice Market Size in Colombia

The Colombian paddy rice market amounted to $X in 2022, with an increase of 4% against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Paddy Rice Production in Colombia

In value terms, paddy rice production expanded markedly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 48% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

In 2022, the average paddy rice yield in Colombia declined to X tons per ha, shrinking by -3.1% against the year before. The yield figure increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 25% against the previous year. Over the period under review, the average paddy rice yield reached the maximum level at X tons per ha in 2021, and then reduced 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.

The paddy rice harvested area in Colombia expanded modestly to X ha in 2022, with an increase of 4.8% on 2021 figures. The harvested area increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when the harvested area increased by 12% against the previous year. Over the period under review, the harvested area dedicated to paddy rice production reached the maximum at X ha in 2017; however, from 2018 to 2022, the harvested area failed to regain momentum.

Paddy Rice Exports

Exports from Colombia

After four years of growth, overseas shipments of paddy rice decreased by -48.3% to X tons in 2022. In general, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 2,147%. As a result, the exports attained the peak of X tons, and then shrank sharply in the following year.

In value terms, paddy rice exports dropped sharply to $X in 2022. Over the period under review, exports, however, saw a temperate expansion. The pace of growth was the most pronounced in 2014 with an increase of 2,459%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X tons) was the main destination for paddy rice exports from Colombia, accounting for a 85% share of total exports. Moreover, paddy rice exports to Ecuador exceeded the volume sent to the second major destination, Aruba (X tons), tenfold. The third position in this ranking was held by Costa Rica (X tons), with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume to Ecuador totaled +52.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (+51.4% per year) and Costa Rica (-16.8% per year).

In value terms, Costa Rica ($X) remains the key foreign market for paddy rice exports from Colombia, comprising 68% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 29% share of total exports. It was followed by Aruba, with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Costa Rica amounted to +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+31.1% per year) and Aruba (+39.7% per year).

Export Prices by Country

In 2022, the average paddy rice export price amounted to $X per ton, increasing by 2.9% against the previous year. In general, the export price, however, showed a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of 214%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Aruba ($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 Finland (+130.0%), while the prices for the other major destinations experienced mixed trend patterns.

Paddy Rice Imports

Imports into Colombia

Paddy rice imports into Colombia rose markedly to X tons in 2022, picking up by 6.3% on 2021. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 477% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, paddy rice imports rose modestly to $X in 2022. Over the period under review, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 232% against the previous year. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) was the main supplier of paddy rice to Colombia, with a approx. 99.9% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +22.1%.

In value terms, the United States ($X) constituted the largest supplier of paddy rice to Colombia.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +18.3%.

Import Prices by Country

In 2022, the average paddy rice import price amounted to $X per ton, reducing by -3.5% against the previous year. Overall, the import price continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2016 when the average import price increased by 13%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -3.1% per year.

Source: IndexBox Platform

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