Rice: Purchases Up 34% in 2018

Last year, foreign purchases of rice by companies in Central America totaled $356 million, 34% more than in 2017.

Friday, June 14, 2019

Import of rice in Central America Al September 30th, 2022  

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Figures from the Trade Intelligence Unit of CentralAmericaData: Click to interact with graphicClick to interact with graphic

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Panama, top buyer
During 2018, the main importer of rice in Central America was Panama, with $79 million, followed by Costa Rica, with $75 million, Honduras, with $69 million, Nicaragua, with $47 million, Guatemala, with $46 million and El Salvador, with $40 million.

Regional business upwards
Between 2017 and 2018, the value of rice imports increased by 34%, from $186 million to $254 million.

As with total purchases, for the years concerned imports from Brazil also reported an increase, in this case was 106%, rising from $37 million to $75 million.

Origin of imports
In 2018, 49% of the value imported from Central America was from the U.S., 20% from Brazil, 8% from Paraguay, 7% from Guyana and 4% from Uruguay.

In the last seven years, Guyana is the market of origin of imports that has grown the most, since in 2012 there were no purchases by companies in the region and in 2018 accounted for 7% of Central American purchases.

Note: For this report, prepared and analyzed by CentralAmericaData, Sieca data were used.

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Rice: Import Price Falls 21%

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Between June 2018 and the same month in 2019, the average price of Central American rice imports has reported a downward trend, from $0.43 to $0.34 per kilo.

Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]

Rice: More Business between Central America and Brazil

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In the first nine months of 2018 rice imports in Central America totaled $ 254 million, and purchases from companies in Brazil grew 251% over the same period of 2017.

Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]

More and More Rice Imported to Central America

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In the first six months of the year, rice imports in Central America reached $163 million, an increase of 56% over the same period in 2017.

Figures from the information system of the Rice Market in Central America, from the Trade Intelligence Area of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]

More Brazilian Rice in Panama

August 2018

Explained by an increase in purchases made from companies in Brazil, during the first quarter of the year Panama imported $19 million worth of rice, 207% more than in the same period in 2017.

Figures from the Information System on the Rice Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] 

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