Peru: Paddy Rice Market 2025

Paddy Rice Market Size in Peru

The Peruvian paddy rice market dropped to $X in 2021, with a decrease of -15% against the previous year. In general, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +21.4% against 2019 indices. Paddy rice consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Paddy Rice Production in Peru

In value terms, paddy rice production declined sharply to $X in 2021 estimated in export price. Overall, the total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +36.0% against 2019 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 72%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

The average yield of paddy rice in Peru fell to X tons per ha in 2021, which is down by -3.2% against 2020 figures. 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 11%. The paddy rice yield peaked at X tons per ha in 2020, and then reduced modestly 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.

In 2021, the paddy rice harvested area in Peru dropped modestly to X ha, remaining stable against the previous year's figure. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the harvested area increased by 5%. Over the period under review, the harvested area dedicated to paddy rice production attained the maximum at X ha in 2018; however, from 2019 to 2021, the harvested area stood at a somewhat lower figure.

Paddy Rice Exports

Exports from Peru

Paddy rice exports from Peru declined markedly to X kg in 2021, waning by -76.6% on the previous year's figure. Over the period under review, exports showed a abrupt slump. The pace of growth was the most pronounced in 2014 when exports increased by 288%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, paddy rice exports shrank dramatically to $X in 2021. In general, exports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 434% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg), Chile (X kg) and Germany (X kg) were the main destinations of paddy rice exports from Peru.

From 2012 to 2021, the biggest increases were in Chile (with a CAGR of +73.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for paddy rice exports from Peru, comprising 74% of total exports. The second position in the ranking was held by Chile ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +71.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+65.4% per year) and Germany (+52.3% per year).

Export Prices by Country

In 2021, the average paddy rice export price amounted to $X per ton, reducing by -7.8% against the previous year. In general, the export price, however, recorded a temperate expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 60%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.

Paddy Rice Imports

Imports into Peru

In 2021, supplies from abroad of paddy rice decreased by -0.3% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, showed resilient growth. The growth pace was the most rapid in 2018 with an increase of 423%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, paddy rice imports fell to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 428% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X tons), China (X kg) and Colombia (X kg) were the main suppliers of paddy rice imports to Peru, together comprising 99.9% of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +40.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest paddy rice suppliers to Peru were China ($X), Spain ($X) and Colombia ($X).

In terms of the main suppliers, China, with a CAGR of +36.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average paddy rice import price stood at $X per ton in 2021, remaining constant against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 when the average import price increased by 5%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Colombia ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+375.4%).

Source: IndexBox Platform

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