Australia and Oceania: Rice Bran Market 2024

Rice Bran Market Size in Australia and Oceania

In 2021, the rice bran market in Australia and Oceania was finally on the rise to reach $X for the first time since 2015, thus ending a five-year declining trend. Over the period under review, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Rice Bran Production in Australia and Oceania

In value terms, rice bran production surged to $X in 2021 estimated in export price. The total production indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Rice Bran Exports

Exports in Australia and Oceania

In 2021, the amount of rice bran exported in Australia and Oceania rose to X tons, growing by 2.5% on 2020. Overall, exports saw a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by 91%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, rice bran exports skyrocketed to $X in 2021. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 97% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Australia represented the main exporting country with an export of about X tons, which reached 81% of total exports. It was distantly followed by New Zealand (X tons), generating a 19% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to rice bran exports from Australia stood at +8.0%. At the same time, New Zealand (+148.0%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +148.0% from 2012-2021. New Zealand (+19 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -19.3% from 2012 to 2021, respectively.

In value terms, Australia ($X) and New Zealand ($X) appeared to be the countries with the highest levels of exports in 2021.

New Zealand, with a CAGR of +119.9%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, with an increase of 51% against the previous year. Over the period under review, the export price, however, showed a perceptible contraction. Over the period under review, the export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-5.7%).

Rice Bran Imports

Imports in Australia and Oceania

In 2021, purchases abroad of rice bran increased by 116% to X tons, rising for the fifth consecutive year after two years of decline. Over the period under review, imports enjoyed a temperate expansion. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, rice bran imports skyrocketed to $X in 2021. In general, imports posted a modest increase. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Papua New Guinea dominates imports structure, resulting at X tons, which was approx. 86% of total imports in 2021. It was distantly followed by New Zealand (X tons), achieving a 9.2% share of total imports. Australia (X tons) followed a long way behind the leaders.

Papua New Guinea was also the fastest-growing in terms of the rice bran imports, with a CAGR of +34.8% from 2012 to 2021. At the same time, Australia (+2.4%) displayed positive paces of growth. By contrast, New Zealand (-20.5%) illustrated a downward trend over the same period. While the share of Papua New Guinea (+79 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of New Zealand (-77.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Papua New Guinea ($X) constitutes the largest market for imported rice bran in Australia and Oceania, comprising 65% of total imports. The second position in the ranking was taken by Australia ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Papua New Guinea amounted to +29.5%. The remaining importing countries recorded the following average annual rates of imports growth: Australia (-4.4% per year) and New Zealand (-13.2% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, falling by -22% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the import price increased by 40%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+9.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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