Eastern Europe: Rice Bran Market 2024

Rice Bran Market Size in Eastern Europe

The East European rice bran market surged to $X in 2021, with an increase of 23% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Rice Bran Production in Eastern Europe

In value terms, rice bran production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by 29% against the previous year. The level of production peaked in 2021 and is likely to see gradual growth in the immediate term.

Rice Bran Exports

Exports in Eastern Europe

In 2021, overseas shipments of rice bran increased by 2% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 31%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, rice bran exports surged to $X in 2021. Total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +90.8% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of 30% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

In 2021, Russia (X tons) represented the main exporter of rice bran, mixing up 57% of total exports. Poland (X tons) ranks second in terms of the total exports with a 19% share, followed by Lithuania (9.6%). The Czech Republic (X tons), Ukraine (X tons), Slovakia (X tons) and Belarus (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to rice bran exports from Russia stood at +2.4%. At the same time, Lithuania (+12.7%), Belarus (+11.1%), Poland (+9.5%), Slovakia (+7.7%) and Ukraine (+1.6%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +12.7% from 2012-2021. The Czech Republic experienced a relatively flat trend pattern. Poland (+7.5 p.p.) and Lithuania (+5.1 p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by -6.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest rice bran supplier in Eastern Europe, comprising 61% of total exports. The second position in the ranking was taken by Poland ($X), with a 22% share of total exports. It was followed by the Czech Republic, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value in Russia amounted to +5.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+7.5% per year) and the Czech Republic (+2.3% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, with an increase of 23% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+3.0%), while the other leaders experienced more modest paces of growth.

Rice Bran Imports

Imports in Eastern Europe

In 2021, overseas purchases of rice bran decreased by -18.4% to X tons, falling for the fifth consecutive year after two years of growth. Overall, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 34% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, rice bran imports rose markedly to $X in 2021. In general, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2016 when imports increased by 26%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Poland (X tons) represented the main importer of rice bran, mixing up 55% of total imports. Ukraine (X tons) held the second position in the ranking, followed by the Czech Republic (X tons), Romania (X tons) and Latvia (X tons). All these countries together took approx. 40% share of total imports.

Imports into Poland decreased at an average annual rate of -13.8% from 2012 to 2021. At the same time, Ukraine (+76.7%) and Romania (+16.0%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +76.7% from 2012-2021. By contrast, Latvia (-4.5%) and the Czech Republic (-11.4%) illustrated a downward trend over the same period. Ukraine (+16 p.p.), Romania (+6.7 p.p.) and Latvia (+3.6 p.p.) significantly strengthened its position in terms of the total imports, while Poland saw its share reduced by -7.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported rice bran in Eastern Europe, comprising 57% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with an 11% share of total imports. It was followed by Romania, with an 8.8% share.

In Poland, rice bran imports shrank by an average annual rate of -7.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (-7.9% per year) and Romania (-0.8% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, surging by 29% against the previous year. Import price indicated resilient growth from 2012 to 2021: its price 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, rice bran import price increased by +65.9% against 2017 indices. 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 Romania ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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