Brown Rice Price in Paraguay - 2023
Contents:
- Brown Rice Price in Paraguay (FOB) - 2023
- Brown Rice Price in Paraguay (CIF) - 2022
- Brown Rice Exports in Paraguay
- Brown Rice Imports in Paraguay
Brown Rice Price in Paraguay (FOB) - 2023
The average brown rice export price stood at $565 per ton in November 2023, with an increase of 14% against the previous month. Over the period under review, export price indicated a perceptible increase from November 2022 to November 2023: its price increased at an average monthly rate of +4.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, brown rice export price increased by +58.7% against March 2023 indices. The most prominent rate of growth was recorded in August 2023 an increase of 18% m-o-m. The export price peaked in November 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Brazil ($574 per ton), while the average price for exports to Portugal ($300 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.
Brown Rice Price in Paraguay (CIF) - 2022
The average brown rice import price stood at $302 per ton in 2022, declining by -63.2% against the previous year. In general, the import price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2013 when the average import price increased by 58% against the previous year. As a result, import price attained the peak level of $1,292 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($751 per ton), while the price for Argentina amounted to $179 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-0.0%).
Brown Rice Exports in Paraguay
In 2022, the amount of husked (brown) rice exported from Paraguay reduced modestly to 260K tons, approximately equating the year before. The total export volume increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 30%. As a result, the exports attained the peak of 264K tons, and then dropped slightly in the following year.
In value terms, brown rice exports contracted to $87M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 61% against the previous year. As a result, the exports reached the peak of $100M, and then dropped in the following year.
| Export of Brown Rice in Paraguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 48.5 | 46.4 | 70.9 | 78.4 | 17.4% |
| Portugal | 3.7 | 3.2 | 4.8 | 2.3 | -14.7% |
| United Kingdom | 0.1 | 0.6 | 2.4 | 2.1 | 175.9% |
| Poland | 3.7 | 2.8 | 5.6 | 0.8 | -40.0% |
| France | 4.4 | 1.3 | 0.2 | 0.2 | -64.3% |
| Others | 2.8 | 8.3 | 16.6 | 3.3 | 5.6% |
| Total | 63.1 | 62.6 | 100 | 87.0 | 11.3% |
Top Export Markets for Brown Rice from Paraguay in 2022:
- Brazil (237.7K tons)
- Portugal (6.5K tons)
- United Kingdom (5.5K tons)
- Poland (1.9K tons)
- France (0.5K tons)
Brown Rice Imports in Paraguay
In 2022, approx. 331 tons of husked (brown) rice were imported into Paraguay; increasing by 386% on 2021. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, brown rice imports surged to $100K in 2022. In general, imports saw significant growth. The growth pace was the most rapid in 2020 when imports increased by 84%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Brown Rice in Paraguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 40.5 | 74.5 | 56.0 | 53.5 | 9.7% |
| Argentina | N/A | N/A | N/A | 46.5 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 40.5 | 74.5 | 56.0 | 100 | 35.2% |
Top Suppliers of Brown Rice to Paraguay in 2022:
- Argentina (260.0 tons)
- Brazil (71.2 tons)
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