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The South American Rice Market Report analyzes the trend, growth, and demand for and forecast of rice in the most important European demographics, such as Brazil, Argentina, Colombia, and Uruguay.
The rice market in South America is estimated to record a CAGR of 3.5% during the forecast period. Rice is grown as a major staple crop in most countries of South America. The crop is cultivated in the wet soils common in the lowlands of the region. The lowland rice expansion in the vast wetlands of Brazil (with a potential of 24 million ha), the Andean countries (Bolivia, Ecuador, Peru, and Venezuela) and the River Plate Basin (Argentina, Paraguay, and Uruguay) would greatly influence the regional production of rice in the future. The tropical countries of the region account for the majority of demand. Rice consumption is income elastic in the region, as consumers tend to increase consumption as their incomes rise. The average yield in the region varies between 3.9t/ha-5t/ha. Direct seeding and purchased inputs are used for cultivation across the region. Uruguay has gained the third-highest rice productivity in the world—an average of 8 metric ton per hectare of dry paddy rice in the last five years.
Rice is cultivated as the major staple crop and has economic importance in the region. Compared to the other rice-growing regions in the world, rice cultivation on larger farms in tropical South America is predominantly mechanized. Countries like Brazil, Argentina, and Uruguay have increased their trade relationship with key African countries. Rice production, consumption, trade (export-import) scenario, and value chain analysis is also involved in the report. The price trend and seasonality of the crop and future of the rice market are considered.
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In 2018, the production of rice was high in Brazil, which accounted for 11,749 thousand metric ton, followed by Peru and Colombia. with the production of 6,880 thousand metric ton in South America. In Brazil, Peru, Colombia, Argentina, and Uruguay, rice is the majorly consumed crop as it provides 20% more calories than any other crop. Rice acts as a leading source of protein for the poorest of the tropical population, which accounts for 25% in the South American region. The increasingly efficient production in the region is triggered by the adoption of modern varieties that are more resistant to climate change. Hence, all these factors are responsible for boosting the rice market in South America during the forecast period.
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In South America, Brazil, Uruguay, Paraguay, and Argentina are the major exporters of rice, among which Brazil is the largest producer and exporter. As per the UN Comtrade, the export of rice from Brazil saw a rise of about 108.702% during 2016-2018. In the past five years, Brazil exported rice worth of USD 1,682,187 thousand from 2015-2019 to countries like Peru, Gambia, Iraq, the United States, and more. Further, with the continental proportions and the cutting-edge technology employed in industrial processes, the country is quickly able to expand its offer of grain in the face of the global demand, which, in turn, may boost the South American rice market during the forecast period.
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1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.4 Market Restraints
4.5 Value Chain Analysis
5. MARKET SEGMENTATION
5.1.1 South America
18.104.22.168.1 Production Analysis
22.214.171.124.2 Consumption Analysis and Market Value
126.96.36.199.3 Import Market Analysis (Volume and Value)
188.8.131.52.4 Export Market Analysis (Volume and Value)
184.108.40.206.5 Price Trend Analysis
220.127.116.11.1 Production Analysis
18.104.22.168.2 Consumption Analysis and Market Value
22.214.171.124.3 Import Market Analysis (Volume and Value)
126.96.36.199.4 Export Market Analysis (Volume and Value)
188.8.131.52.5 Price Trend Analysis
184.108.40.206.1 Production Analysis
220.127.116.11.2 Consumption Analysis and Market Value
18.104.22.168.3 Import Market Analysis (Volume and Value)
22.214.171.124.4 Export Market Analysis (Volume and Value)
126.96.36.199.5 Price Trend Analysis
188.8.131.52.1 Production Analysis
184.108.40.206.2 Consumption Analysis and Market Value
220.127.116.11.3 Import Market Analysis (Volume and Value)
18.104.22.168.4 Export Market Analysis (Volume and Value)
22.214.171.124.5 Price Trend Analysis
126.96.36.199 Rest of South America
188.8.131.52.1 Production Analysis
184.108.40.206.2 Consumption Analysis and Market Value
220.127.116.11.3 Import Market Analysis (Volume and Value)
18.104.22.168.4 Export Market Analysis (Volume and Value)
22.214.171.124.5 Price Trend Analysis
6. MARKET OPPORTUNITIES AND FUTURE TRENDS