Market Snapshot
| Study Period: | 2016 - 2026 |
| Base Year: | 2020 |
| CAGR: | 4.1 % |
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Market Overview
The rice production in Mexico was recorded as 0.31 million metric tonnes in 2019 and is estimated to register a CAGR of 4.1% over the forecast period. Sinaloa, Campeche, and Veracruz are the major rice producing states in Mexico with more than 20% of the production share. The per capita rice consumption in Mexico was recorded as 8.62 kgs with a total consumption of 1.2 million metric tons in 2018. Mexico imports 60% of its rice consumption from other countries. The United States is the major import partner for Mexico, importing 60% of its total import quantity.
Scope of the report
In Mexico, rice production is very low and a major part of its demand is met by imports. This Mexican rice market report consists of a complete analysis of rice production, consumption, import, and export analysis. This report also presents the price trend analysis and value chain analysis of the rice market in Mexico.
| Mexico | |
| Production Analysis | |
| Consumption Analysis and Market Value | |
| Import Market Analysis (Volume and Value) | |
| Export Market Analysis (Volume and Value) | |
| Price Trend Analysis |
Key Market Trends
Increase in the Domestic Rice Production
A continuous increase in production is noticed for the last few years at an average rate of 10000 - 15000 metric tonnes per year. The main reason for the increase in rice production every year is the support from the Mexican government and encouragement from the Mexican Rice Council. Mexican government provides generous subsidies to rice farmers through price guarantees, input and credit subsidies. In addition to direct support, the government also started import duties on rice to increase domestic production. The demand for rice is also one of the market drivers in Mexico. It has almost doubled the domestic produced rice in 2018.
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United States is the Major Importing Partner
Mexico primarily depends on rice imports because of its low domestic production. The country imported 1 million metric tons of rice in 2018, which is worth a value of USD 386 million. The United States is the major supplier of rice to Mexico, with 70% of the total rice volume imported by Mexico, followed by the South American countries like Uruguay and Argentina. Importing from Asian countries is very low due to the phytosanitary restrictions imposed by the Mexican government on the imports of Asian rice.
Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Introduction to Market Drivers and Restraints
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4.3 Market Drivers
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4.4 Market Restraints
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4.5 Value Chain Analysis
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5. MARKET SEGMENTATION
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5.1 Mexico
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5.1.1 Production Analysis
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5.1.2 Consumption Analysis and Market Value
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5.1.3 Import Market Analysis (Volume and Value)
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5.1.4 Export Market Analysis (Volume and Value)
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5.1.5 Price Trend Analysis
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6. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Mexico Rice Market market is studied from 2016 - 2026.
What is the growth rate of Mexico Rice Market?
The Mexico Rice Market is growing at a CAGR of 4.1% over the next 5 years.
