Czech Republic: Rice Bran Market 2024

Rice Bran Market Size in the Czech Republic

The Czech rice bran market contracted to $X in 2021, waning by -6.6% against the previous year. The market value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Rice Bran Production in the Czech Republic

In value terms, rice bran production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 26%. Rice bran production peaked at $X in 2020, and then contracted in the following year.

Rice Bran Exports

Exports from the Czech Republic

In 2021, shipments abroad of rice bran was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 128% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, rice bran exports soared to $X in 2021. Over the period under review, exports enjoyed moderate growth. The growth pace was the most rapid in 2017 with an increase of 158% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for rice bran exports from the Czech Republic, with a 98% share of total exports. It was followed by Poland (X tons), with a 0.7% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-36.1% per year) and Austria (-49.2% per year).

In value terms, Germany ($X) remains the key foreign market for rice bran exports from the Czech Republic, comprising 93% of total exports. The second position in the ranking was held by Poland ($X), with a 2.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-22.6% per year) and Austria (-39.2% per year).

Export Prices by Country

The average rice bran export price stood at $X per ton in 2021, growing by 31% against the previous year. In general, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rice bran export price increased by +85.6% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Germany ($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 Poland (+21.2%), while the prices for the other major destinations experienced mixed trend patterns.

Rice Bran Imports

Imports into the Czech Republic

In 2021, after four years of decline, there was significant growth in purchases abroad of rice bran, when their volume increased by 27% to X tons. In general, imports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2016 with an increase of 76% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, rice bran imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt curtailment. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), Brazil (X tons) and the Netherlands (X tons) were the main suppliers of rice bran imports to the Czech Republic, with a combined 96% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +61.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest rice bran suppliers to the Czech Republic were Brazil ($X), Germany ($X) and the Netherlands ($X), with a combined 94% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +115.7%, recorded the highest growth rate of 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 2021, the average rice bran import price amounted to $X per ton, rising by 110% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Italy ($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 (+33.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :