Middle East: Rice Bran Market 2024

Rice Bran Market Size in the Middle East

The Middle Eastern rice bran market shrank significantly to $X in 2021, waning by -20.4% against the previous year. Overall, consumption, however, showed a buoyant increase. The level of consumption peaked at $X in 2020, and then fell notably in the following year.

Rice Bran Production in the Middle East

In value terms, rice bran production fell to $X in 2021 estimated in export price. In general, production recorded prominent growth. The pace of growth was the most pronounced in 2015 with an increase of 56% against the previous year. The level of production peaked at $X in 2020, and then reduced in the following year.

Rice Bran Exports

Exports in the Middle East

In 2021, the amount of rice bran exported in the Middle East rose rapidly to X tons, picking up by 14% against the previous year. In general, exports posted a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 207%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, rice bran exports contracted to $X in 2021. Over the period under review, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 250% against the previous year. As a result, the exports reached the peak of $X, and then declined slightly in the following year.

Exports by Country

The United Arab Emirates was the key exporting country with an export of about X tons, which finished at 87% of total exports. It was distantly followed by Turkey (X tons), generating a 13% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the rice bran exports, with a CAGR of +63.2% from 2012 to 2021. Turkey (-11.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates increased by +85 percentage points.

In value terms, the United Arab Emirates ($X) remains the largest rice bran supplier in the Middle East, comprising 96% of total exports. The second position in the ranking was held by Turkey ($X), with a 3.2% share of total exports.

In the United Arab Emirates, rice bran exports increased at an average annual rate of +72.1% over the period from 2012-2021.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, which is down by -15.1% against the previous year. In general, the export price, however, enjoyed a resilient increase. The growth pace was the most rapid in 2015 when the export price increased by 54% against the previous year. The level of export peaked at $X per ton in 2020, and then contracted notably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.4%).

Rice Bran Imports

Imports in the Middle East

In 2021, the amount of rice bran imported in the Middle East contracted markedly to X tons, with a decrease of -27.2% compared with the year before. Total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.2% 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 +16.5% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 60% against the previous year. As a result, imports attained the peak of X tons, and then declined markedly in the following year.

In value terms, rice bran imports declined to $X in 2021. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 47% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

Turkey prevails in imports structure, recording X tons, which was near 82% of total imports in 2021. Oman (X tons) held a 6.3% share (based on physical terms) of total imports, which put it in second place, followed by Israel (6.1%). The United Arab Emirates (X tons) and Kuwait (X tons) took a relatively small share of total imports.

Turkey experienced a relatively flat trend pattern with regard to volume of imports of rice bran. At the same time, Kuwait (+43.9%), Israel (+28.0%) and the United Arab Emirates (+21.8%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +43.9% from 2012-2021. Oman experienced a relatively flat trend pattern. Israel (+5.4 p.p.), the United Arab Emirates (+2.9 p.p.) and Kuwait (+2 p.p.) significantly strengthened its position in terms of the total imports, while Turkey saw its share reduced by -6.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported rice bran in the Middle East, comprising 82% of total imports. The second position in the ranking was held by Oman ($X), with an 8.7% share of total imports. It was followed by Israel, with a 3.9% share.

In Turkey, rice bran imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Oman (+7.4% per year) and Israel (-3.7% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, rising by 20% against the previous year. Overall, the import price, however, saw a slight curtailment. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Oman ($X per ton), while Israel ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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