Mexico: Milled Rice Market 2020

Milled Rice Market Size in Mexico

The revenue of the milled rice market in Mexico amounted to $X in 2018, reducing by -X% against the previous year. Overall, milled rice consumption, however, continues to indicate a prominent increase. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, the milled rice market attained its maximum level at $X in 2017, and then declined slightly in the following year.

Milled Rice Production in Mexico

In value terms, milled rice production totaled $X in 2018 estimated in export prices. Overall, milled rice production continues to indicate prominent growth. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Milled rice production peaked at $X in 2016; however, from 2017 to 2018, production remained at a lower figure.

Average yield of milled rice in Mexico totaled X ton per ha in 2018, increasing by X% against the previous year. The yield figure 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 most prominent rate of growth was recorded in 2012 when yield increased by X% y-o-y. Milled rice yield peaked in 2018 and is expected to retain its growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of milled rice were harvested in Mexico; lowering by -X% against the previous year. Overall, the milled rice harvested area continues to indicate a measured decline. The pace of growth was the most pronounced in 2014 when harvested area increased by X% against the previous year. Milled rice harvested area peaked at X ha in 2009; however, from 2010 to 2018, harvested area stood at a somewhat lower figure.

Milled Rice Exports

Exports from Mexico

In 2018, the milled rice exports from Mexico stood at X tons, going down by -X% against the previous year. In general, milled rice exports continue to indicate a deep drop. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, milled rice exports reached their peak figure at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, milled rice exports amounted to $X in 2018. In general, milled rice exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2008 when exports increased by X% year-to-year. In that year, milled rice exports reached their peak of $X. From 2009 to 2018, the growth of milled rice exports remained at a somewhat lower figure.

Exports by Country

Colombia (X tons) was the main destination for milled rice exports from Mexico, accounting for a X% share of total exports. Moreover, milled rice exports to Colombia exceeded the volume sent to the second major destination, the U.S. (X tons), twofold.

From 2007 to 2018, the average annual rate of growth in terms of volume to Colombia amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and Venezuela (+X% per year).

In value terms, the largest markets for milled rice exported from Mexico were Colombia ($X), the U.S. ($X) and Venezuela ($X), together comprising X% of total exports.

Venezuela experienced the highest growth rate of market size, among the main countries of destination over the period under review, while exports for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2018, the average milled rice export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the milled rice export price continues to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, the average export prices for milled rice reached their peak figure at $X per ton in 2016; however, from 2017 to 2018, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2018, the country with the highest price was the U.S. ($X per ton), while the average price for exports to Venezuela ($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 Colombia, while the prices for the other major destinations experienced mixed trend patterns.

Milled Rice Imports

Imports into Mexico

Milled rice imports into Mexico stood at X tons in 2018, going down by -X% against the previous year. In general, milled rice imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, milled rice imports reached their peak figure at X tons in 2017, and then declined slightly in the following year.

In value terms, milled rice imports totaled $X in 2018. In general, milled rice imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The U.S. (X tons), Uruguay (X tons) and Thailand (X tons) were the main suppliers of milled rice imports to Mexico, together accounting for 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 Thailand (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Uruguay ($X) and Guyana ($X) were the largest milled rice suppliers to Mexico, together accounting for X% of total imports. These countries were followed by Thailand and Argentina, which together accounted for a further X (+X% per year) recorded the highest growth rate of market size, among the main suppliers 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, jumping 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 was the most pronounced in 2008 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2009; however, from 2010 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Guyana ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform