Southern Asia: Rice Bran Market 2024

Rice Bran Market Size in Southern Asia

The South Asian rice bran market soared to $X in 2021, with an increase of 19% against the previous year. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +63.8% against 2014 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Rice Bran Production in Southern Asia

In value terms, rice bran production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 27%. The level of production peaked in 2021 and is likely to continue growth in the near future.

Rice Bran Exports

Exports in Southern Asia

In 2021, overseas shipments of rice bran decreased by -20.6% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2013 with an increase of 64%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, rice bran exports shrank to $X in 2021. Overall, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2013 with an increase of 68%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Nepal represented the key exporter of rice bran in Southern Asia, with the volume of exports reaching X tons, which was near 46% of total exports in 2021. It was distantly followed by Pakistan (X tons), India (X tons) and Bangladesh (X tons), together committing a 51% share of total exports. Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +31.4%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Nepal ($X) emerged as the largest rice bran supplier in Southern Asia, comprising 56% of total exports. The second position in the ranking was held by Pakistan ($X), with a 25% share of total exports. It was followed by Bangladesh, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Nepal totaled +10.9%. In the other countries, the average annual rates were as follows: Pakistan (+43.8% per year) and Bangladesh (-21.7% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, surging by 17% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Nepal ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+9.7%), while the other leaders experienced more modest paces of growth.

Rice Bran Imports

Imports in Southern Asia

Rice bran imports skyrocketed to X tons in 2021, increasing by 31% compared with 2020. In general, imports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 78%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, rice bran imports skyrocketed to $X in 2021. Overall, imports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 76%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Nepal (X tons) represented the main importer of rice bran, generating 78% of total imports. It was distantly followed by India (X tons), committing a 16% share of total imports. Afghanistan (X tons) and Bangladesh (X tons) followed a long way behind the leaders.

Nepal was also the fastest-growing in terms of the rice bran imports, with a CAGR of +37.9% from 2012 to 2021. At the same time, Afghanistan (+37.2%) and Bangladesh (+7.4%) displayed positive paces of growth. By contrast, India (-19.8%) illustrated a downward trend over the same period. While the share of Nepal (+75 p.p.) and Afghanistan (+2.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-78.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nepal ($X) constitutes the largest market for imported rice bran in Southern Asia, comprising 64% of total imports. The second position in the ranking was taken by India ($X), with a 28% share of total imports. It was followed by Bangladesh, with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Nepal stood at +41.9%. The remaining importing countries recorded the following average annual rates of imports growth: India (-17.9% per year) and Bangladesh (+5.9% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, with a decrease of -10% against the previous year. Over the period under review, the import price recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2016 when the import price increased by 2.3% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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