Argentina: Rice Bran Market 2024

Rice Bran Market Size in Argentina

In 2021, the Argentinian rice bran market increased by 25% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Rice Bran Production in Argentina

In value terms, rice bran production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +27.1% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of 89% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Rice Bran Exports

Exports from Argentina

In 2021, the amount of rice bran exported from Argentina contracted notably to X tons, shrinking by -65.1% compared with the previous year. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 76% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, rice bran exports fell notably to $X in 2021. Over the period under review, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2016 when exports increased by 93% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for rice bran exports from Argentina, accounting for a 75% share of total exports. Moreover, rice bran exports to France exceeded the volume sent to the second major destination, Uruguay (X tons), threefold. The third position in this ranking was held by Brazil (X tons), with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-21.6% per year) and Brazil (+13.1% per year).

In value terms, France ($X) remains the key foreign market for rice bran exports from Argentina, comprising 87% of total exports. The second position in the ranking was held by Uruguay ($X), with an 8.6% share of total exports. It was followed by Angola, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value to France stood at -10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-29.8% per year) and Angola (+9.9% per year).

Export Prices by Country

In 2021, the average rice bran export price amounted to $X per ton, dropping by -12.5% against the previous year. Overall, the export price recorded a deep downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by 28%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (-4.4%), while the prices for the other major destinations experienced a decline.

Rice Bran Imports

Imports into Argentina

For the fourth consecutive year, Argentina recorded decline in overseas purchases of rice bran, which decreased by -2.3% to X tons in 2021. Overall, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2017 with an increase of 21%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, rice bran imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2013 with an increase of 30%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Uruguay (X tons) was the main supplier of rice bran to Argentina, with a 99% share of total imports. It was followed by Brazil (X tons), with a 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Uruguay totaled -5.0%.

In value terms, Uruguay ($X) constituted the largest supplier of rice bran to Argentina, comprising 68% of total imports. The second position in the ranking was taken by Brazil ($X), with a 4.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Uruguay totaled -10.4%.

Import Prices by Country

The average rice bran import price stood at $X per ton in 2021, increasing by 22% against the previous year. Overall, the import price, however, saw a mild curtailment. The pace of growth appeared the most rapid in 2014 an increase of 31%. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Uruguay totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+68.7%).

Source: IndexBox Platform

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