Report Update Nov 1, 2024

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

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Norway: Rice Bran Market 2024

Rice Bran Market Size in Norway

In 2021, the Norwegian rice bran market was finally on the rise to reach $X after five years of decline. Overall, consumption, however, recorded a noticeable reduction. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Rice Bran Production in Norway

In value terms, rice bran production skyrocketed to $X in 2021 estimated in export price. In general, production, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by 43%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Rice Bran Exports

Exports from Norway

In 2021, shipments abroad of rice bran increased by 3,952% to X tons, rising for the fourth consecutive year after three years of decline. Overall, exports showed resilient growth. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, rice bran exports soared to $X in 2021. In general, exports, however, showed a abrupt descent. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Poland (X tons) was the main destination for rice bran exports from Norway, accounting for a 74% share of total exports. Moreover, rice bran exports to Poland exceeded the volume sent to the second major destination, Denmark (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland totaled +2,900.0%.

In value terms, Denmark ($X) emerged as the key foreign market for rice bran exports from Norway, comprising 70% of total exports. The second position in the ranking was taken by Poland ($X), with a 30% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Denmark amounted to +22.3%.

Export Prices by Country

The average rice bran export price stood at $X per ton in 2021, falling by -47.8% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2016 when the average export price increased by 51% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Poland stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+57.2%), while the prices for the other major destinations experienced mixed trend patterns.

Rice Bran Imports

Imports into Norway

In 2021, purchases abroad of rice bran decreased by -60.1% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 300%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, rice bran imports contracted to $X in 2021. Overall, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2013 when imports increased by 68%. Over the period under review, imports reached the maximum at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, Sweden (X tons) constituted the largest rice bran supplier to Norway, with a 73% share of total imports. Moreover, rice bran imports from Sweden exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.3% per year) and the United States (+13.7% per year).

In value terms, Sweden ($X) constituted the largest supplier of rice bran to Norway, comprising 79% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by the United States, with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden amounted to +21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.9% per year) and the United States (-7.3% per year).

Import Prices by Country

In 2021, the average rice bran import price amounted to $X per ton, rising by 119% against the previous year. In general, the import price showed buoyant growth. 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 ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+1,510.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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, accounting for 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?

China remains the largest rice bran producing country worldwide, 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. India ranked third in terms of total production with a 6.3% share.

What are the leading suppliers of rice bran to Norway?

In value terms, Sweden constituted the largest supplier of rice bran to Norway, comprising 60% of total imports. The second position in the ranking was occupied by Pakistan, with a 16% share of total imports. It was followed by Italy, with a 9.5% share.

What are the leading importers of rice bran from Norway?

In value terms, Sweden and Denmark constituted the largest markets for rice bran exported from Norway worldwide.

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

In 2021, the average rice bran export price amounted to $1,089 per ton, reducing by -53% against the previous year.

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

In 2021, the average rice bran import price amounted to $746 per ton, with an increase of 136% against the previous year.

This report provides an in-depth analysis of the rice bran market in Norway. 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:

Norway

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Norway
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