Belgium: Rice Bran Market 2024

Rice Bran Market Size in Belgium

In 2021, the Belgian rice bran market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption posted a strong increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Rice Bran Production in Belgium

In value terms, rice bran production declined modestly to $X in 2021 estimated in export price. In general, production, however, showed buoyant growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by 49%. Rice bran production peaked at $X in 2020, and then shrank in the following year.

Rice Bran Exports

Exports from Belgium

In 2021, after two years of growth, there was significant decline in overseas shipments of rice bran, when their volume decreased by -20.5% to X tons. In general, exports, however, showed a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 56% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then fell significantly in the following year.

In value terms, rice bran exports reduced to $X in 2021. Over the period under review, exports, however, recorded a buoyant increase. The growth pace was the most rapid in 2016 when exports increased by 52% against the previous year. The exports peaked at $X in 2020, and then contracted in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for rice bran exports from Belgium, accounting for a 80% share of total exports. Moreover, rice bran exports to the Netherlands exceeded the volume sent to the second major destination, France (X tons), eightfold. Denmark (X tons) ranked third in terms of total exports with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +20.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-2.0% per year) and Denmark (+83.0% per year).

In value terms, the Netherlands ($X) remains the key foreign market for rice bran exports from Belgium, comprising 74% of total exports. The second position in the ranking was taken by France ($X), with a 9.6% share of total exports. It was followed by Denmark, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to +21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-3.9% per year) and Denmark (+89.3% per year).

Export Prices by Country

The average rice bran export price stood at $X per ton in 2021, jumping by 16% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 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 Denmark ($X per ton), while the average price for exports to France ($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 Denmark (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.

Rice Bran Imports

Imports into Belgium

After five years of growth, purchases abroad of rice bran decreased by -23.5% to X tons in 2021. In general, imports showed a pronounced downturn. The pace of growth appeared the most rapid in 2020 with an increase of 25%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, rice bran imports fell to $X in 2021. Over the period under review, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 58%. Over the period under review, imports reached the peak figure at $X in 2020, and then fell modestly in the following year.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of rice bran to Belgium, accounting for a 65% share of total imports. Moreover, rice bran imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-9.0% per year) and Germany (-11.2% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of rice bran to Belgium, comprising 74% of total imports. The second position in the ranking was taken by the United States ($X), with an 8.8% share of total imports. It was followed by Germany, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.5% per year) and Germany (-2.6% per year).

Import Prices by Country

The average rice bran import price stood at $X per ton in 2021, growing by 26% against the previous year. Overall, the import price saw a prominent increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 36% against the previous year. The import price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :