Italy: Rice Bran Market 2024

Rice Bran Market Size in Italy

In 2021, the Italian rice bran market increased by 7,115% to $X, rising for the third year in a row after two years of decline. In general, consumption recorded a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Rice Bran Production in Italy

In value terms, rice bran production surged to $X in 2021 estimated in export price. In general, production enjoyed a significant expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Rice Bran Exports

Exports from Italy

In 2021, the amount of rice bran exported from Italy stood at X tons, picking up by 2.3% on the previous year. Overall, total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +18.8% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of 45%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, rice bran exports surged to $X in 2021. In general, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +48.6% against 2014 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons), Germany (X tons) and Malta (X tons) were the main destinations of rice bran exports from Italy, together accounting for 80% of total exports. These countries were followed by France, Belgium and the Czech Republic, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +173.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rice bran exported from Italy were Germany ($X), Spain ($X) and Malta ($X), together comprising 79% of total exports. France, Belgium and the Czech Republic lagged somewhat behind, together accounting for a further 16%.

Belgium, with a CAGR of +159.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average rice bran export price stood at $X per ton in 2021, increasing by 22% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. Over the period under review, the average export prices reached the peak figure 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 Germany ($X per ton), while the average price for exports to Spain ($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 France (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Rice Bran Imports

Imports into Italy

In 2021, purchases abroad of rice bran was finally on the rise to reach X tons after two years of decline. In general, total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, rice bran imports totaled $X in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +18.2% against 2016 indices. The growth pace was the most rapid in 2016 when imports increased by 35%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of rice bran to Italy, with a 41% share of total imports. Moreover, rice bran imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The third position in this ranking was taken by Austria (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+51.8% per year) and Austria (-1.9% per year).

In value terms, France ($X) constituted the largest supplier of rice bran to Italy, comprising 38% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France stood at +38.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.5% per year) and the Netherlands (+20.0% per year).

Import Prices by Country

The average rice bran import price stood at $X per ton in 2021, dropping by -33.4% against the previous year. Overall, the import price, however, showed a pronounced increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by 43% against the previous year. The import price peaked at $X per ton in 2020, and then shrank significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Slovenia ($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 (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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