U.S.: Rice Bran Market 2024

Rice Bran Market Size in the U.S.

The U.S. rice bran market shrank to $X in 2021, declining by -7.4% against the previous year. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.3% 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 +4.5% against 2019 indices. Rice bran consumption peaked at $X in 2020, and then reduced in the following year.

Rice Bran Production in the U.S.

In value terms, rice bran production reduced slightly to $X in 2021. In general, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.2% against 2018 indices. The pace of growth was the most pronounced in 2017 with an increase of 44% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Rice Bran Exports

Exports from the U.S.

In 2021, after five years of decline, there was significant growth in shipments abroad of rice bran, when their volume increased by 17% to X tons. Overall, exports, however, saw a pronounced contraction. The pace of growth was the most pronounced in 2015 when exports increased by 50%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, rice bran exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons), China (X tons) and Mexico (X tons) were the main destinations of rice bran exports from the United States, together comprising 88% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +34.4%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for rice bran exports from the United States, comprising 50% of total exports. The second position in the ranking was held by Canada ($X), with a 24% share of total exports. It was followed by Mexico, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +42.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+1.4% per year) and Mexico (-12.9% per year).

Export Prices by Country

In 2021, the average rice bran export price amounted to $X per ton, picking up by 33% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 an increase of 34%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Canada ($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 Australia (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Rice Bran Imports

Imports into the U.S.

In 2021, the amount of rice bran imported into the United States shrank significantly to X tons, waning by -16.3% on the previous year's figure. Over the period under review, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 174% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, rice bran imports shrank slightly to $X in 2021. In general, imports recorded a slight contraction. The growth pace was the most rapid in 2015 when imports increased by 87%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Canada (X tons) constituted the largest rice bran supplier to the United States, with a 81% share of total imports. Moreover, rice bran imports from Canada exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada amounted to -9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+21.4% per year) and Thailand (+175.3% per year).

In value terms, the largest rice bran suppliers to the United States were Canada ($X), Pakistan ($X) and Thailand ($X), together comprising 80% of total imports.

Thailand, with a CAGR of +158.4%, 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 mixed trend patterns.

Import Prices by Country

The average rice bran import price stood at $X per ton in 2021, increasing by 16% against the previous year. In general, the import price showed a strong expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 252%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Pakistan ($X per ton), while the price for Canada ($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 (+43.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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