The Mexico Rice Market size was valued at USD 1033 Million in 2023 and is projected to reach USD 1220 Million by 2032, exhibiting a CAGR of 4.50 % during the forecast periods. The Mexico rice market plays a crucial role in the country's agriculture, marked by diverse varieties like long-grain and specialty rice. It is essential in traditional cuisine, featuring in dishes like arroz con pollo and Mexican rice. The market includes types such as white, brown, and parboiled rice, supported by technological advancements in cultivation and processing. This sector significantly impacts the economy by providing employment and enhancing food security. Advantages include meeting domestic demand, supporting local agriculture, and enriching culinary traditions. Recent developments include: October 2022: Mexican government decided to temporarily exempt the payment of import taxes on rice from South America as part of a policy to prevent food price inflation and scarcity, and insufficient domestic rice production., July 2020: The United States, Mexico, and Canada reached an agreement to form USMCA. The new United States-Mexico-Canada Agreement (USMCA) will support mutually beneficial trade leading to freer markets, fairer trade, and robust economic growth in North America. This agreement will provide long-term market stability for United States rice exports to Mexico, despite the diversification of sourcing.. Key drivers for this market are: Favorable Climatic Conditions, Blooming Export Opportunities. Potential restraints include: High Adoption Cost of Modern Technology, Increasing Insect Infestations. Notable trends are: Government Initiatives to Boost Domestic Rice Production.

The Mexican rice market skyrocketed to $766M in 2024, jumping by 40% against the previous year. In general, consumption continues to indicate a noticeable expansion. Over the period under review, the market hit record highs in 2024 and is likely to see steady growth in years to come.

In April 2023, the rice price amounted to $1,012 per ton (CIF, Mexico), surging by 89% against the previous month.

From 2022 to 2023, the growth of imports of Rice Paddy remained at a lower figure. In value terms, paddy rice imports rose notably to $198M in 2023.

During the period analyzed, Rice Bran imports reached a peak of 48K tons in 2015, but failed to recover from 2016 to 2024. The value of Rice Bran imports also decreased significantly to $3.5M in 2024.

In 2018, the amount of broken rice exported from Mexico amounted to X tons, going down by -X% against the previous year. In general, broken rice exports continue to indicate a sharp drop. The most prominent rate of growth was recorded in 2009 with a decrease of -X% year-to-year. Exports peaked at X tons in 2007; however, from 2008 to 2018, exports remained at a lower figure.

The Mexican paddy rice market surged to $427M in 2024, jumping by 31% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs in 2024 and is expected to retain growth in the immediate term.

The Mexican rice bran market was estimated at $47M in 2024, with an increase of 3.4% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $57M. From 2014 to 2024, the growth of the market failed to regain momentum.

In 2018, approx. X tons of semi-milled or wholly milled (bleached) rice were exported from Mexico; waning by -X% against the previous year. Overall, milled rice exports, however, continue to indicate skyrocketing growth. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. In that year, milled rice exports reached their peak of X tons, and then declined slightly in the following year.

In 2023, approx. 446K tons of paddy rice were imported into Mexico; surging by 3.3% on 2022.