Report Update Nov 1, 2024

Sri Lanka - Rice Bran - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Rice Bran Market 2024

Rice Bran Market Size in Sri Lanka

In 2021, the Sri Lankan rice bran market increased by 52% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +58.6% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Rice Bran Production in Sri Lanka

In value terms, rice bran production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible downturn. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Rice Bran Exports

Exports from Sri Lanka

In 2021, overseas shipments of rice bran decreased by -78% to X tons, falling for the second year in a row after two years of growth. In general, exports recorded a sharp reduction. The most prominent rate of growth was recorded in 2019 with an increase of 92%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, rice bran exports fell significantly to $X in 2021. Over the period under review, exports recorded a significant contraction. The pace of growth appeared the most rapid in 2019 with an increase of 83%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for rice bran exports from Sri Lanka, with a 78% share of total exports. Moreover, rice bran exports to India exceeded the volume sent to the second major destination, Oman (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume to India stood at -35.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+18.5% per year) and Vietnam (-5.3% per year).

In value terms, India ($X) remains the key foreign market for rice bran exports from Sri Lanka, comprising 87% of total exports. The second position in the ranking was taken by Oman ($X), with a 7.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to India amounted to -35.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+4.8% per year) and Vietnam (-8.4% per year).

Export Prices by Country

The average rice bran export price stood at $X per ton in 2021, declining by -5.5% against the previous year. In general, the export price saw a pronounced decrease. The pace of growth was the most pronounced in 2018 an increase of 13% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (-0.7%), while the prices for the other major destinations experienced a decline.

Rice Bran Imports

Imports into Sri Lanka

In 2021, overseas purchases of rice bran increased by 51% to X tons, rising for the seventh year in a row after two years of decline. In general, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2020 when imports increased by 205%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, rice bran imports surged to $X in 2021. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Singapore (X tons) and India (X kg) were the main suppliers of rice bran imports to Sri Lanka.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +58.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Singapore ($X) and India ($X) constituted the largest rice bran suppliers to Sri Lanka.

Singapore, with a CAGR of +68.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average rice bran import price amounted to $X per ton, increasing by 78% against the previous year. In general, the import price showed a prominent increase. The pace of growth appeared the most rapid in 2013 an increase of 403% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rice bran in the world?

The country with the largest volume of rice bran consumption was China, comprising approx. 21% of total volume. Moreover, rice bran consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption 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. The third position in this ranking was occupied by India, with a 6.3% share.

What are the leading suppliers of rice bran to Sri Lanka?

In value terms, China constituted the largest supplier of rice bran to Sri Lanka, comprising 79% of total imports. The second position in the ranking was occupied by Singapore $444), with a 19% share of total imports.

What are the leading importers of rice bran from Sri Lanka?

In value terms, India remains the key foreign market for rice bran exports from Sri Lanka, comprising 79% of total exports. The second position in the ranking was occupied by Pakistan, with a 14% share of total exports.

What is the average export price for rice bran in Sri Lanka?

In 2021, the average rice bran export price amounted to $208 per ton, remaining stable against the previous year.

What is the average import price for rice bran in Sri Lanka?

In 2021, the average rice bran import price amounted to $106 per ton, surging by 4.8% against the previous year.

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

Sri Lanka

Data coverage:

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