Mexico: Milled Rice Market 2020

Milled Rice Exports

Exports from Mexico

In 2018, approx. X tons of semi-milled or wholly milled (bleached) rice were exported from Mexico; waning by -X% against the previous year. Overall, milled rice exports, however, continue to indicate skyrocketing growth. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. In that year, milled rice exports reached their peak of X tons, and then declined slightly in the following year.

In value terms, milled rice exports totaled $X in 2018. Overall, milled rice exports, however, continue to indicate a skyrocketing expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. In that year, milled rice exports reached their peak of $X, leveling off in the following year.

Exports by Country

Colombia (X tons) was the main destination for milled rice exports from Mexico, with 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 totaled +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), with a combined X% share of total exports.

In terms of the main countries of destination, Venezuela (+X% per year) experienced the highest growth rate of market size, over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average milled rice export price stood at $X per ton in 2018, jumping by X% against the previous year. Over the period under review, the milled rice export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2014; however, from 2015 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 a decline.

Milled Rice Imports

Imports into Mexico

In 2018, the amount of semi-milled or wholly milled (bleached) rice imported into Mexico stood at X tons, declining by -X% against the previous year. Overall, milled rice imports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Imports peaked at X tons in 2017, and then declined slightly in the following year.

In value terms, milled rice imports totaled $X in 2018. Over the period under review, milled rice imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, milled rice imports reached their maximum 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, 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 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 Thailand ($X) were the largest milled rice suppliers to Mexico, with a combined X% share of total imports.

Thailand (+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

The average milled rice import price stood at $X per ton in 2018, increasing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. In that year, the average import prices for semi-milled or wholly milled (bleached) rice attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the average import prices for semi-milled or wholly milled (bleached) rice remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2018, the highest prices were recorded for prices from Argentina ($X per ton) and the U.S. ($X per ton), while the price for Thailand ($X per ton) and Uruguay ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform