Ecuador: Paddy Rice Market 2025

Paddy Rice Market Size in Ecuador

The Ecuadorian paddy rice market rose slightly to $X in 2022, increasing by 3.8% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Paddy rice consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Paddy Rice Production in Ecuador

In value terms, paddy rice production rose markedly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 31%. Paddy rice production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

In 2022, the average paddy rice yield in Ecuador reduced slightly to X tons per ha, dropping by -1.6% compared with the previous year's figure. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the yield increased by 52% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the average paddy rice 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 2022, approx. X ha of paddy rice were harvested in Ecuador; which is down by -4% against 2021. Overall, the harvested area saw a mild downturn. The most prominent rate of growth was recorded in 2021 with an increase of 8.8% against the previous year. Over the period under review, the harvested area dedicated to paddy rice production attained the maximum at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Paddy Rice Exports

Exports from Ecuador

After nine years of decline, overseas shipments of paddy rice increased by 19% to X tons in 2022. In general, exports, however, faced a deep setback. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, paddy rice exports rose notably to $X in 2022. Over the period under review, exports, however, faced a abrupt decline. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Guatemala (X tons) was the main destination for paddy rice exports from Ecuador, accounting for a 100% share of total exports. It was followed by Italy (X tons), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guatemala amounted to +85.4%.

In value terms, Guatemala ($X) remains the key foreign market for paddy rice exports from Ecuador, comprising 99% of total exports. The second position in the ranking was taken by Italy ($X), with a 1.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Guatemala stood at +73.3%.

Export Prices by Country

In 2022, the average paddy rice export price amounted to $X per ton, dropping by -4.4% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The pace of growth was the most pronounced in 2021 when the average export price increased by 8% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Guatemala totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+31.2%).

Paddy Rice Imports

Imports into Ecuador

In 2022, supplies from abroad of paddy rice decreased by -45% to X tons for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 892% against the previous year. As a result, imports attained the peak of X tons, and then reduced dramatically in the following year.

In value terms, paddy rice imports shrank significantly to $X in 2022. Overall, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 856%. As a result, imports attained the peak of $X, and then plummeted in the following year.

Imports by Country

In 2022, Colombia (X tons) was the main paddy rice supplier to Ecuador, accounting for a 99% share of total imports. It was followed by China (X kg), with a 1.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Colombia amounted to +99.8%.

In value terms, Colombia ($X) constituted the largest supplier of paddy rice to Ecuador, comprising 98% of total imports. The second position in the ranking was taken by China ($X), with a 2.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Colombia totaled +109.8%.

Import Prices by Country

The average paddy rice import price stood at $X per ton in 2022, approximately reflecting the previous year. In general, the import price, however, continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2020 an increase of 4.2%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Colombia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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