Venezuela: Paddy Rice Market 2025

Paddy Rice Market Size in Venezuela

In 2021, the Venezuelan paddy rice market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a abrupt contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Paddy Rice Production in Venezuela

In value terms, paddy rice production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by 36%. Paddy rice production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

The average yield of paddy rice in Venezuela dropped to X tons per ha in 2021, therefore, remained relatively stable against the previous year's figure. In general, the yield showed a perceptible setback. The pace of growth appeared the most rapid in 2018 with an increase of 17%. Over the period under review, the average paddy rice yield hit record highs at X tons per ha in 2014; however, from 2015 to 2021, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The paddy rice harvested area in Venezuela totaled X ha in 2021, surging by 11% against the previous year's figure. In general, the harvested area, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the harvested area increased by 34%. The paddy rice harvested area peaked at X ha in 2014; however, from 2015 to 2021, the harvested area failed to regain momentum.

Paddy Rice Exports

Exports from Venezuela

In 2018, the amount of paddy rice exported from Venezuela amounted to X tons, remaining stable against the year before. In general, exports recorded a significant expansion. The smallest decline of 99.9% was in 2017. Over the period under review, the exports hit record highs in 2018 and are expected to retain growth in the immediate term.

In value terms, paddy rice exports amounted to $X in 2018. Overall, exports posted a significant increase. The smallest decline of 99.9% was in 2017. The exports peaked in 2018 and are likely to continue growth in years to come.

Exports by Country

Panama (X tons) was the main destination for paddy rice exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2013 to 2018, the average annual rate of growth in terms of volume to Panama was relatively modest.

From 2013 to 2018, the average annual growth rate of value to Panama was relatively modest.

Export Prices by Country

The average paddy rice export price stood at $X per ton in 2018, standing approx. at the previous year. In general, the export price showed a dramatic shrinkage. The growth pace was the most rapid in 2017 a decrease of 99.9%. The export price peaked at $X per ton in 2013; however, from 2014 to 2018, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Panama.

From 2013 to 2018, the rate of growth in terms of prices for Montenegro amounted to 0.0% per year.

Paddy Rice Imports

Imports into Venezuela

In 2021, overseas purchases of paddy rice were finally on the rise to reach X tons after two years of decline. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 130% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, paddy rice imports surged to $X in 2021. Overall, imports, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 123%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest paddy rice supplier to Venezuela, with a 53% share of total imports. Moreover, paddy rice imports from the United States exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), threefold. The third position in this ranking was held by Brazil (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (-5.4% per year) and Brazil (-5.3% per year).

In value terms, the United States ($X) constituted the largest supplier of paddy rice to Venezuela, comprising 55% of total imports. The second position in the ranking was held by Uruguay ($X), with a 17% share of total imports. It was followed by Brazil, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (-5.3% per year) and Brazil (-7.8% per year).

Import Prices by Country

The average paddy rice import price stood at $X per ton in 2021, rising by 8.6% against the previous year. Over the period under review, the import price, however, recorded a slight setback. The pace of growth appeared the most rapid in 2014 when the average import price increased by 16% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Uruguay ($X per ton) and the United States ($X per ton), while the price for Argentina ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uruguay (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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