Rice: $51 Million in Regional Purchases

Between January and March 2020, Central America allocated $51 million to rice imports, 9% less than in the same period in 2019, with Costa Rica and Nicaragua being the markets that registered the most significant reductions.

Thursday, October 1, 2020

Import of rice in Central America Al September 30th, 2021  

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Costa Rica, Main Buyer

From January to March 2020 the main importer of rice in Central America was Costa Rica, with $15 million, followed by Guatemala with $10 million, Panama with $9 million, El Salvador and Honduras with $7 million each, and Nicaragua with $3 million.

Regarding the year-on-year variation of purchases, most countries registered increases. In El Salvador, imports increased by 64%, while in Honduras they rose by 36%, in Panama by 5% and in Guatemala by 4%.

Costa Rica and Nicaragua were the only markets that reported declines in rice imports, which in this case amounted to 16% and 72%, respectively.

Regional Business Downwards
Between the first three months of 2019 and the same period in 2020 the value of rice imports recorded a 9% decrease, falling from $56 million to $51 million.

In contrast to the overall behavior, purchases from Brazil increased by 76%, from $6 million to $11 million, for the periods in question.

Origin of Imports
From January to March 2020, 57% of the value imported from Central America came from the United States, 21% from Brazil, 6% from Paraguay, 5% from Uruguay, 2% from Argentina, 2% from Guyana and 1% from Thailand.

For the period in question of the last eight years, Paraguay is one of the markets of origin of the imports that have grown the most, since in 2012 no purchases were registered in the region and in 2020, it monopolized 6% of Central American purchases.

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Rice: Business with Brazil Increases

April 2021

From January to September 2020 Central America allocated $298 million to rice imports, and purchases from Brazil increased 808% compared to what was reported in the same period of 2019.

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

Rice: Regional Purchases Fall 12%.

October 2019

In the first three months of 2019, rice imports in Central America totaled $56 million, 12% less than in the same period in 2018.

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

Rice: More Business between Central America and Brazil

May 2019

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 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"]