U.S.: Wheat Bran Market 2024

Wheat Bran Market Size in the U.S.

The U.S. wheat bran market reduced modestly to $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Wheat Bran Production in the U.S.

In value terms, wheat bran production fell to $X in 2022. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Wheat Bran Exports

Exports from the U.S.

In 2022, the amount of wheat bran exported from the United States reduced notably to X tons, which is down by X% on the previous year's figure. Over the period under review, exports showed a noticeable curtailment. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wheat bran exports fell to $X in 2022. Overall, exports saw a perceptible descent. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X tons) was the main destination for wheat bran exports from the United States, accounting for a X% share of total exports. Moreover, wheat bran exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Vietnam (X% per year).

In value terms, Canada ($X) remains the key foreign market for wheat bran exports from the United States, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the average wheat bran export price amounted to $X per ton, rising by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced a decline.

Wheat Bran Imports

Imports into the U.S.

In 2022, purchases abroad of wheat bran decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then declined dramatically in the following year.

In value terms, wheat bran imports reduced to $X in 2022. Overall, imports, however, recorded a pronounced increase. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

Canada (X tons), Nigeria (X tons) and Democratic Republic of the Congo (X tons) were the main suppliers of wheat bran imports to the United States, with a combined X% share of total imports.

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

In value terms, Canada ($X), Nigeria ($X) and Democratic Republic of the Congo ($X) appeared to be the largest wheat bran suppliers to the United States, with a combined X% share of total imports.

In terms of the main suppliers, Nigeria, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wheat bran import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price 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, wheat bran import price increased by X% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Haiti ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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