Asia: Rice Bran Market 2024

Rice Bran Market Size in Asia

The Asian rice bran market skyrocketed to $X in 2021, surging by 41% against the previous year. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +100.7% against 2017 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Rice Bran Production in Asia

In value terms, rice bran production skyrocketed to $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +91.6% against 2017 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Rice Bran Exports

Exports in Asia

Rice bran exports soared to X tons in 2021, picking up by 16% compared with the year before. In general, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 45% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, rice bran exports skyrocketed to $X in 2021. Overall, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam dominates exports structure, recording X tons, which was near 75% of total exports in 2021. It was distantly followed by Malaysia (X tons), committing a 5.3% share of total exports. The following exporters - Nepal (X tons), Singapore (X tons), the United Arab Emirates (X tons), Thailand (X tons) and Pakistan (X tons) - together made up 14% of total exports.

From 2012 to 2021, average annual rates of growth with regard to rice bran exports from Vietnam stood at +24.8%. At the same time, the United Arab Emirates (+63.2%), Pakistan (+31.4%), Malaysia (+29.7%), Thailand (+12.1%), Singapore (+3.7%) and Nepal (+1.1%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of +63.2% from 2012-2021. From 2012 to 2021, the share of Vietnam, Malaysia, the United Arab Emirates and Pakistan increased by +49, +4, +2.6 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest rice bran supplier in Asia, comprising 79% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 3.3% share of total exports. It was followed by Malaysia, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam stood at +22.2%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+72.1% per year) and Malaysia (+20.4% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, jumping by 34% against the previous year. Export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rice bran export price increased by +100.2% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of 42%. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+9.7%), while the other leaders experienced more modest paces of growth.

Rice Bran Imports

Imports in Asia

Rice bran imports surged to X tons in 2021, growing by 37% against the previous year. In general, imports continue to indicate a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, rice bran imports surged to $X in 2021. Overall, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China represented the main importer of rice bran in Asia, with the volume of imports amounting to X tons, which was near 64% of total imports in 2021. Turkey (X tons) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Nepal (11%). India (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 +69.9% from 2012 to 2021. At the same time, Nepal (+37.9%) displayed positive paces of growth. Turkey experienced a relatively flat trend pattern. By contrast, India (-19.8%) illustrated a downward trend over the same period. While the share of China (+63 p.p.) and Nepal (+9.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Turkey (-16 p.p.) and India (-39.5 p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported rice bran in Asia, comprising 77% of total imports. The second position in the ranking was taken by Turkey ($X), with an 8.4% share of total imports. It was followed by Nepal, with a 4.3% share.

In China, rice bran imports expanded at an average annual rate of +74.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (-0.6% per year) and Nepal (+41.9% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, with an increase of 32% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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