Peru: Rice Market 2025

Rice Market Size in Peru

The Peruvian rice market contracted to $X in 2021, declining by -7.4% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then fell in the following year.

Rice Production in Peru

In value terms, rice production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 60%. Rice production peaked at $X in 2020, and then contracted in the following year.

The average yield of rice in Peru reached X tons per ha in 2021, approximately reflecting 2020. Overall, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by 11%. The rice yield peaked in 2021 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The rice harvested area in Peru totaled X ha in 2021, stabilizing at the year before. In general, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the harvested area increased by 4.8%. Over the period under review, the harvested area dedicated to rice production reached the maximum at X ha in 2018; however, from 2019 to 2021, the harvested area remained at a lower figure.

Rice Exports

Exports from Peru

In 2021, overseas shipments of rice decreased by -97.8% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports continue to indicate a dramatic shrinkage. The pace of growth appeared the most rapid in 2019 when exports increased by 4,551% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then contracted rapidly in the following year.

In value terms, rice exports reduced remarkably to $X in 2021. Over the period under review, exports faced a precipitous setback. The pace of growth appeared the most rapid in 2019 with an increase of 4,025% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020, and then plummeted in the following year.

Exports by Country

Colombia (X tons) was the main destination for rice exports from Peru, with a 61% share of total exports. Moreover, rice exports to Colombia exceeded the volume sent to the second major destination, Ecuador (X tons), threefold. Chile (X tons) ranked third in terms of total exports with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia stood at -26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-44.2% per year) and Chile (+157.6% per year).

In value terms, Colombia ($X), Chile ($X) and Ecuador ($X) were the largest markets for rice exported from Peru worldwide, with a combined 95% share of total exports.

Among the main countries of destination, Chile, with a CAGR of +145.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average rice export price stood at $X per ton in 2021, declining by -20.2% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the average export price increased by 60%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Spain ($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 Ecuador (-1.9%), while the prices for the other major destinations experienced a decline.

Rice Imports

Imports into Peru

In 2021, overseas purchases of rice decreased by -24.8% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 38%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, rice imports shrank to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 41% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Uruguay (X tons), Brazil (X tons) and Paraguay (X tons) were the main suppliers of rice imports to Peru, together comprising 97% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Paraguay (with a CAGR of +16.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest rice suppliers to Peru were Uruguay ($X), Brazil ($X) and Paraguay ($X), together accounting for 97% of total imports.

Brazil, with a CAGR of +16.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average rice import price stood at $X per ton in 2021, with an increase of 23% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Brazil ($X per ton) and Argentina ($X per ton), while the price for Thailand ($X per ton) and Paraguay ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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