China: Rice Bran Market 2024

Rice Bran Market Size in China

The Chinese rice bran market skyrocketed to $X in 2021, increasing by 17% against the previous year. In general, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +76.2% against 2016 indices. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the near future.

Rice Bran Production in China

In value terms, rice bran production expanded slightly to $X in 2021 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% 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 decreased by -2.9% against 2019 indices. The growth pace was the most rapid in 2019 when the production volume increased by 40%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Rice Bran Exports

Exports from China

In 2021, shipments abroad of rice bran increased by 52% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, showed a deep reduction. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, rice bran exports surged to $X in 2021. Over the period under review, exports, however, saw a deep slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons) was the main destination for rice bran exports from China, accounting for a 63% share of total exports. Moreover, rice bran exports to Vietnam exceeded the volume sent to the second major destination, South Korea (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam totaled -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+13.8% per year) and Japan (-22.9% per year).

In value terms, Vietnam ($X) remains the key foreign market for rice bran exports from China, comprising 68% of total exports. The second position in the ranking was held by South Korea ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam amounted to -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+28.1% per year) and Japan (-30.6% per year).

Export Prices by Country

In 2021, the average rice bran export price amounted to $X per ton, surging by 25% against the previous year. In general, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +2.4% 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 +23.9% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 66%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Japan ($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 South Korea (+12.6%), while the prices for the other major destinations experienced mixed trend patterns.

Rice Bran Imports

Imports into China

For the third consecutive year, China recorded growth in supplies from abroad of rice bran, which increased by 84% to X tons in 2021. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2015 with an increase of 224%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, rice bran imports surged to $X in 2021. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 244% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest rice bran supplier to China, with a 86% share of total imports. Moreover, rice bran imports from Vietnam exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from Vietnam stood at +254.1%.

In value terms, Vietnam ($X) constituted the largest supplier of rice bran to China, comprising 87% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Vietnam totaled +257.3%.

Import Prices by Country

In 2021, the average rice bran import price amounted to $X per ton, growing by 29% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.0%).

Source: IndexBox Platform

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