Global Rice Bran Market 2024

Rice Bran Market Size

The global rice bran market expanded remarkably to $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the peak level in 2023 and is likely to see steady growth in the near future.

Rice Bran Production

In value terms, rice bran production expanded sharply to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, global production growth remained at a somewhat lower figure.

Rice Bran Exports

Exports

In 2023, the amount of rice bran exported worldwide totaled X tons, leveling off at 2022. Overall, total exports indicated noticeable growth from 2012 to 2023: its volume 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, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the global exports failed to regain momentum.

In value terms, rice bran exports expanded notably to $X in 2023. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports hit record highs in 2023 and are expected to retain growth in years to come.

Exports by Country

Vietnam represented the largest exporter of rice bran in the world, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2023. Germany (X tons) held the second position in the ranking, followed by the United States (X tons), Belgium (X tons) and Russia (X tons). All these countries together took approx. X% share of total exports. The following exporters - Poland (X tons), Canada (X tons) and Tanzania (X tons) - each resulted at a X% share of total exports.

Exports from Vietnam increased at an average annual rate of X% from 2012 to 2023. At the same time, Tanzania (X%), Germany (X%), Belgium (X%), Poland (X%) and Russia (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. By contrast, the United States (X%) and Canada (X%) illustrated a downward trend over the same period. Vietnam (X p.p.), Germany (X p.p.) and Belgium (X p.p.) significantly strengthened its position in terms of the global exports, while Russia, Canada and the United States saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest rice bran supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Germany ($X), with a X% share of global exports. It was followed by Belgium, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Vietnam amounted to X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2023, the average rice bran export price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The global export price peaked in 2023 and is likely to continue growth in years to come.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Rice Bran Imports

Imports

Global rice bran imports expanded slightly to X tons in 2023, increasing by X% compared with the previous year. Overall, total imports indicated a temperate increase from 2012 to 2023: its volume 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, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Global imports peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, rice bran imports amounted to $X in 2023. In general, imports enjoyed a perceptible increase. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of global imports remained at a lower figure.

Imports by Country

China represented the major importer of rice bran in the world, with the volume of imports finishing at X tons, which was near X% of total imports in 2023. Germany (X tons) ranks second in terms of the total imports with an X% share, followed by Turkey (X%), Nepal (X%) and Belgium (X%). Luxembourg (X tons), Vietnam (X tons), Kenya (X tons), France (X tons), the United States (X tons), Uruguay (X tons), India (X tons) and Canada (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the rice bran imports, with a CAGR of X% from 2012 to 2023. At the same time, Nepal (X%), Luxembourg (X%), Kenya (X%), Germany (X%), Uruguay (X%), Canada (X%) and Belgium (X%) displayed positive paces of growth. France and Turkey experienced a relatively flat trend pattern. By contrast, Vietnam (X%), the United States (X%) and India (X%) illustrated a downward trend over the same period. China (X p.p.), Nepal (X p.p.), Germany (X p.p.), Luxembourg (X p.p.) and Kenya (X p.p.) significantly strengthened its position in terms of the global imports, while Vietnam, Turkey, the United States and India saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported rice bran worldwide, comprising X% of global imports. The second position in the ranking was taken by Luxembourg ($X), with a X% share of global imports. It was followed by Turkey, with a X% share.

In China, rice bran imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Luxembourg (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2023, the average rice bran import price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while Kenya ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform