Rice: Regional Imports Up 50%

In the first half of 2020, Central America spent $206 million on rice imports, 50% more than in the same period in 2019, with Honduras, Panama, El Salvador and Guatemala being the markets that boosted the increase in purchases.

Wednesday, December 23, 2020

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

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Panama, Maximum Buyer
From January to June 2020 the main rice importer in Central America was Panama, with $58 million, followed by Costa Rica, with $40 million, Guatemala, with $33 million, Honduras, with $31 million, El Salvador, with $26 million and Nicaragua, with $17 million.

In relation to the year-on-year variation in purchases, most countries recorded increases. In Honduras imports increased 136%, while in Panama 130%, in El Salvador 76% and in Guatemala 53%.

Costa Rica and Nicaragua were the only markets that reported declines in rice imports, in this case falling by 2% and 19%, respectively.

Regional Business Upwards
Between the first six months of 2019 and the same period in 2020, the value of rice imports increased by 50%, from $137 million to $206 million.

For the periods under analysis, purchases from companies in the U.S., Brazil and Uruguay, increased by 5%, 340% and 1,213%, in that order.

U.S. and Uruguay, Main Suppliers
From January to June 2020, 45% of the value imported from Central America came from the US, 27% from Uruguay, 17% from Brazil, 4% from Paraguay, 1% from Taiwan, 1% from Argentina and 1% from Guyana.

For the period in question in recent years, Uruguay is one of the markets of origin of imports that have grown the most, since in 2014 regional purchases from the South American country represented 7% of the total and in 2020 the proportion rose to 27%.

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

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

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

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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"]