Malaysia: Rice Bran Market 2024

Rice Bran Market Size in Malaysia

The Malaysian rice bran market was estimated at $X in 2021, surging by 7.7% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Rice Bran Production in Malaysia

In value terms, rice bran production reduced slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +11.1% against 2016 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 43%. Over the period under review, production reached the peak level at $X in 2020, and then declined in the following year.

Rice Bran Exports

Exports from Malaysia

In 2021, overseas shipments of rice bran decreased by -32% to X tons for the first time since 2016, thus ending a four-year rising trend. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2017 with an increase of 760% against the previous year. The exports peaked at X tons in 2020, and then reduced sharply in the following year.

In value terms, rice bran exports declined markedly to $X in 2021. Overall, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 775%. The exports peaked at $X in 2020, and then contracted significantly in the following year.

Exports by Country

Thailand (X tons) was the main destination for rice bran exports from Malaysia, accounting for a 100% share of total exports. It was followed by Singapore (X tons), with a 0.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand totaled +39.2%.

In value terms, Thailand ($X) remains the key foreign market for rice bran exports from Malaysia, comprising 100% of total exports. The second position in the ranking was taken by Singapore ($X), with a 0.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Thailand amounted to +53.1%.

Export Prices by Country

The average rice bran export price stood at $X per ton in 2021, picking up by 23% against the previous year. Overall, the export price, however, continues to indicate a deep setback. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Singapore amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+9.9%).

Rice Bran Imports

Imports into Malaysia

In 2021, imports of rice bran into Malaysia amounted to X tons, surging by 9.4% against 2020. In general, imports, however, faced a abrupt decrease. The growth pace was the most rapid in 2015 when imports increased by 30% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, rice bran imports amounted to $X in 2021. Over the period under review, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 54%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main rice bran supplier to Malaysia, with a 93% share of total imports. It was followed by Sweden (X tons), with a 3% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-11.5% per year) and Australia (+3.1% per year).

In value terms, the United States ($X) constituted the largest supplier of rice bran to Malaysia, comprising 60% of total imports. The second position in the ranking was taken by Sweden ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled -13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-11.7% per year) and Australia (+6.1% per year).

Import Prices by Country

The average rice bran import price stood at $X per ton in 2021, waning by -8% against the previous year. In general, the import price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 92%. As a result, import price reached the peak level of $X per ton, and then reduced 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 Sweden ($X per ton), while the price for the United States ($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 United States (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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