ASEAN: Maize Bran Market 2024

Maize Bran Market Size in ASEAN

In 2022, the ASEAN maize bran market decreased by X% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Maize Bran Production in ASEAN

In value terms, maize bran production stood at $X in 2022 estimated in export price. The total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Maize Bran Exports

Exports in ASEAN

In 2022, the amount of maize bran exported in ASEAN skyrocketed to X tons, picking up by X% against 2021 figures. In general, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, maize bran exports skyrocketed to $X in 2022. Overall, exports recorded prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Thailand (X tons) represented the main exporter of maize bran, creating X% of total exports. Malaysia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%) and Indonesia (X%).

Thailand was also the fastest-growing in terms of the maize bran exports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%), Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. From 2012 to 2022, the share of Thailand and Malaysia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Malaysia ($X) and Vietnam ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced a decline in the export price figures.

Maize Bran Imports

Imports in ASEAN

In 2022, maize bran imports in ASEAN dropped markedly to X tons, which is down by X% on 2021. Overall, imports showed a abrupt decline. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, maize bran imports reduced dramatically to $X in 2022. In general, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2020 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Singapore was the major importing country with an import of around X tons, which accounted for X% of total imports. Cambodia (X tons) ranks second in terms of the total imports with a X% share, followed by Vietnam (X%), Malaysia (X%) and Brunei Darussalam (X%).

From 2012 to 2022, the biggest increases were recorded for Brunei Darussalam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest maize bran importing markets in ASEAN were Singapore ($X), Cambodia ($X) and Malaysia ($X), with a combined X% share of total imports. Brunei Darussalam and Vietnam lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Brunei Darussalam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform