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

CentralAmericaDataINFORMACIÓN DE MERCADOS

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CentralAmericaData is the leading B2B market research company in Central America. We specialize in compiling, validating and analyzing data from the economic activities in Central American and South American countries, along with Mexico. We provide our clients and companies with presence in the region relevant information to define business strategies and make adequate decisions. Learn more about our services here

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Figures from the Trade Intelligence Unit of CentralAmericaData:

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Honduras, Maximum Buyer
During the first quarter of 2021, the main importer of rice in Central America was Honduras, with $21 million, followed by Panama with $10 million, Costa Rica with $9 million, Guatemala with $8 million, Nicaragua with $7 million and El Salvador with $6 million.

Regarding the year-on-year variation of purchases, only three countries recorded increases, among them Honduras with an increase of 204.1%, while in Nicaragua it was 131.6% and in Panama 3.9%.

In the first quarter, the countries that recorded a decrease in imports were Costa Rica (42.8%), Guatemala (21.4%) and El Salvador (13.4%).

Regional Business Upwards
Between the first quarter of 2020 and 2021, the imported value of rice in the region recorded an increase of 8.03%, going from $51.4 million to $60.1 million.

For the quarters under analysis, purchases from companies in the United States, Costa Rica, Argentina and Mexico increased by 80.78%, 4.1%, 3.55% and 2.74%, in that order.

U.S. and Uruguay, Main Suppliers
During the first quarter of 2021, 80.78% of the value imported from Central America came from the USA, 4.1% from Costa Rica, 3.55% from Argentina, 2.33% from Uruguay, 2.74% from Mexico, 1.97% from El Salvador, 1.26% from Paraguay, 1% from Honduras, 0.79% from Nicaragua and 0.23% from Ecuador.

In recent years Costa Rica is one of the markets of origin of imports that have grown the most, since in 2012 regional purchases from the South American country represented 0.37% of the total and in 2021 the proportion rose to 4.1%.

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