Bolivia: Rice Market to Grow at CAGR of 5.74% until 2025

14.09.2021

The rice market in Bolivia was equal to 685 million USD (calculated in retail prices) in 2015. Until 2025, the rice market in Bolivia is forecast to reach 1.24 billion USD (in retail prices), thus increasing at a CAGR of 5.74% per annum for the period 2020-2025. This is a decrease, compared to the growth of about 6.70% per year, registered in 2015-2019.

The average consumption per capita in value terms reached 64.84 USD per capita (in retail prices) in 2015. In the next five years, it grew at a CAGR of 5.13% per annum. In the medium term (by 2025), the indicator is forecast to slow down its growth and increase at a CAGR of 4.19% per annum.

The rice market value in Bolivia grew at a 6.70% CAGR for the period 2015-2019. Between 2020 and 2025 it is projected to grow at a 5.74% CAGR.

Research Scope

The market research report presents a strategic analysis of the market and a forecast for its development in the medium term. The research study covers the period 2015-2025 and provides a comprehensive overview of the market:

  • Dynamics;
  • Structure;
  • Characteristics;
  • Main participants;
  • Trends;
  • Prices;
  • Imports and exports;
  • Growth and demand drivers.

The report also focuses on product breakdown, offering a larger perspective on the market dynamics within the country. Additionally, you will find demographic and economic data about the region.

Companies Mentioned

The report includes information on the following companies:

  • Riceland foods Inc.;
  • V.A.P Foods ltd;
  • KRBL ltd;
  • Kohinoor Foods Ltd;
  • McCormick & Company;
  • Gulf Rice Milling;
  • Asia Golden Rice;
  • REI AGRO Limited;
  • Ake Rice Mill Co., Ltd;
  • Capital Rice Group;
  • Thanasan Group;
  • Alobha;
  • Lal Qilla;
  • Daawat;
  • ADM Rice

Methodology

The market research report has been prepared using Williams & Marshall Strategy’s methodology. It includes a blend of qualitative and quantitative data that comes from official sources. All research is then validated by insights gathered from semi-structured interviews with market experts. They are representatives of the main market participants – producers, distributors, wholesalers, and retailers.

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In addition, you will be able to:

  • Strategically assess the competitive position of the main market participants;
  • Explore and identify new market opportunities in the country;
  • Identify key market trends, opportunities, threats, and key drivers behind recent market changes;
  • Strategically evaluate market growth potential.

Customization

The report can be customized, based on your particular needs and requirements. WMStrategy also offers custom research and consulting services, that provide you focused and comprehensive solutions that are tailor-made to fit your requirements.

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