South-Eastern Asia: Maize Bran Market 2024

Maize Bran Market Size in South-Eastern Asia

In 2022, the Southeast Asian maize bran market decreased by X% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Maize Bran Production in South-Eastern Asia

In value terms, maize bran production rose slightly to $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Maize Bran Exports

Exports in South-Eastern Asia

Maize bran exports surged to X tons in 2022, picking up by X% against the previous year. In general, exports recorded strong growth. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, maize bran exports surged to $X in 2022. Over the period under review, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Thailand represented the key exporter of maize bran in South-Eastern Asia, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. Malaysia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%) and Indonesia (X%).

Thailand was also the fastest-growing in terms of the maize bran exports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%), Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. From 2012 to 2022, the share of Thailand and Malaysia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest maize bran supplying countries in South-Eastern Asia were Thailand ($X), Malaysia ($X) and Vietnam ($X), with a combined X% share of total exports.

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

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced a decline in the export price figures.

Maize Bran Imports

Imports in South-Eastern Asia

Maize bran imports reduced remarkably to X tons in 2022, with a decrease of X% against the previous year's figure. In general, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, maize bran imports shrank markedly to $X in 2022. Overall, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Singapore (X tons) was the largest importer of maize bran, generating X% of total imports. It was distantly followed by Cambodia (X tons), Vietnam (X tons), Malaysia (X tons) and Brunei Darussalam (X tons), together making up a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Brunei Darussalam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest maize bran importing markets in South-Eastern Asia were Singapore ($X), Cambodia ($X) and Malaysia ($X), together comprising X% of total imports. Brunei Darussalam and Vietnam lagged somewhat behind, together accounting for a further X%.

Brunei Darussalam, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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