Report Update Nov 1, 2024

Ghana - Rice Bran - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Rice Bran Market 2024

Rice Bran Market Size in Ghana

The Ghanian rice bran market surged to $X in 2021, jumping by 20% against the previous year. Overall, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -24.9% against 2017 indices. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Rice Bran Production in Ghana

In value terms, rice bran production rose significantly to $X in 2021 estimated in export price. In general, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -22.5% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 69%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Rice Bran Exports

Exports from Ghana

In 2021, approx. X tons of rice bran were exported from Ghana; waning by -63.1% against the previous year's figure. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 1,037%. As a result, the exports attained the peak of X tons, and then reduced markedly in the following year.

In value terms, rice bran exports plummeted to $X in 2021. In general, exports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2017 when exports increased by 980%. Over the period under review, the exports reached the maximum at $X in 2020, and then shrank dramatically in the following year.

Exports by Country

Niger (X tons) was the main destination for rice bran exports from Ghana, accounting for a 70% share of total exports. Moreover, rice bran exports to Niger exceeded the volume sent to the second major destination, Turkey (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Niger amounted to +32.2%.

In value terms, Turkey ($X) remains the key foreign market for rice bran exports from Ghana, comprising 67% of total exports. The second position in the ranking was held by Niger ($X), with a 32% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey amounted to +23.7%.

Export Prices by Country

The average rice bran export price stood at $X per ton in 2021, waning by -22% against the previous year. In general, the export price showed a slight decline. The pace of growth was the most pronounced in 2016 when the average export price increased by 72% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 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 Turkey ($X per ton), while the average price for exports to Niger stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+8.1%).

Rice Bran Imports

Imports into Ghana

In 2021, supplies from abroad of rice bran increased by 530% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 27,215%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, rice bran imports skyrocketed to $X in 2021. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 39,257%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Belgium (X tons) constituted the largest rice bran supplier to Ghana, with a 12% share of total imports. Moreover, rice bran imports from Belgium exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Belgium stood at +35.8%.

In value terms, Belgium ($X) constituted the largest supplier of rice bran to Ghana, comprising 10% of total imports. The second position in the ranking was taken by Spain ($X), with a 0.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium amounted to +63.3%.

Import Prices by Country

In 2021, the average rice bran import price amounted to $X per ton, increasing by 108% against the previous year. Over the period under review, the import price posted a significant expansion. 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 Belgium ($X per ton), while the price for Spain totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+20.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rice bran in the world?

China constituted the country with the largest volume of rice bran consumption, comprising approx. 21% of total volume. Moreover, rice bran consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 5.1% share.

What are the largest producers of rice bran in the world?

The country with the largest volume of rice bran production was China, comprising approx. 15% of total volume. Moreover, rice bran production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with a 6.3% share.

What are the leading suppliers of rice bran to Ghana?

In value terms, Belgium constituted the largest supplier of rice bran to Ghana, comprising 100% of total imports. The second position in the ranking was occupied by the UK $214), with a 0.5% share of total imports.

What are the leading importers of rice bran from Ghana?

In value terms, Niger emerged as the key foreign market for rice bran exports from Ghana, comprising 74% of total exports. The second position in the ranking was occupied by Turkey, with a 26% share of total exports.

What is the average export price for rice bran in Ghana?

In 2021, the average rice bran export price amounted to $80 per ton, declining by -12.6% against the previous year.

What is the average import price for rice bran in Ghana?

In 2021, the average rice bran import price amounted to $1,638 per ton, which is down by -2.4% against the previous year.

This report provides an in-depth analysis of the rice bran market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10614030 - Bran, sharps and other residues from the sifting, milling or other working of rice

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023