Poland: Rice Bran Market 2024

Rice Bran Market Size in Poland

The Polish rice bran market soared to $X in 2023, growing by X% against the previous year. In general, the total consumption indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market reached the maximum level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Rice Bran Production in Poland

In value terms, rice bran production rose rapidly to $X in 2023 estimated in export price. Over the period under review, production enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Rice Bran Exports

Exports from Poland

After three years of growth, overseas shipments of rice bran decreased by X% to X tons in 2023. Overall, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2022, and then shrank in the following year.

In value terms, rice bran exports declined to $X in 2023. In general, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2022, and then reduced in the following year.

Exports by Country

Lithuania (X tons), Germany (X tons) and Latvia (X tons) were the main destinations of rice bran exports from Poland, together comprising X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Germany ($X) and Latvia ($X) constituted the largest markets for rice bran exported from Poland worldwide, with a combined X% share of total exports.

Latvia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average rice bran export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2022 to 2023, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2023, amid the top suppliers, the highest price was recorded for prices to the Czech Republic ($X per ton) and Germany ($X per ton), while the average price for exports to Latvia ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

Rice Bran Imports

Imports into Poland

In 2023, approx. X tons of rice bran were imported into Poland; increasing by X% compared with 2022 figures. Over the period under review, imports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, rice bran imports surged to $X in 2023. Overall, imports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Lithuania (X tons), Germany (X tons) and Hungary (X tons) were the main suppliers of rice bran imports to Poland, together comprising X% of total imports. Belgium, the Netherlands, the Czech Republic and Latvia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of rice bran to Poland, comprising X% of total imports. The second position in the ranking was taken by Lithuania ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Belgium (X% per year).

Import Prices by Country

The average rice bran import price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the import price posted temperate growth. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2022 to 2023, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Latvia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform