Russian Federation: Rice Bran Market 2024

Rice Bran Market Size in the Russian Federation

The Russian rice bran market expanded markedly to $X in 2021, picking up by 9.1% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Rice Bran Production in the Russian Federation

In value terms, rice bran production expanded modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 29%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Rice Bran Exports

Exports from the Russian Federation

In 2021, rice bran exports from Russia fell to X tons, reducing by -6.4% on the previous year's figure. Over the period under review, total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 43%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, rice bran exports surged to $X in 2021. The total export value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 27% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Turkey (X tons) was the main destination for rice bran exports from Russia, accounting for a 82% share of total exports. Moreover, rice bran exports to Turkey exceeded the volume sent to the second major destination, China (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Turkey was relatively modest.

In value terms, Turkey ($X) remains the key foreign market for rice bran exports from Russia, comprising 76% of total exports. The second position in the ranking was taken by China ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey stood at +2.0%.

Export Prices by Country

The average rice bran export price stood at $X per ton in 2021, increasing by 24% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 28% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Turkey amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+8.2%).

Rice Bran Imports

Imports into the Russian Federation

In 2021, purchases abroad of rice bran was finally on the rise to reach X tons after four years of decline. Overall, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of 72% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, rice bran imports totaled $X in 2021. Over the period under review, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 50% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Estonia (X tons), Finland (X tons) and Sweden (X tons) were the main suppliers of rice bran imports to Russia, together accounting for 96% of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +124.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest rice bran suppliers to Russia were Sweden ($X), Finland ($X) and Estonia ($X), with a combined 97% share of total imports.

Sweden, with a CAGR of +109.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average rice bran import price amounted to $X per ton, picking up by 9.1% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rice bran import price increased by +12.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 48%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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 ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+77.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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