Report Update Nov 1, 2024

Venezuela - Rice Bran - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Rice Bran Market 2024

Rice Bran Market Size in Venezuela

After three years of growth, the Venezuelan rice bran market decreased by -0.3% to $X in 2021. The market value increased at an average annual rate of +4.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Rice bran consumption peaked at $X in 2020, and then shrank slightly in the following year.

Rice Bran Production in Venezuela

In value terms, rice bran production contracted slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong expansion 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, production increased by +60.3% against 2015 indices. The most prominent rate of growth was recorded in 2019 with an increase of 26% against the previous year. Rice bran production peaked at $X in 2020, and then fell slightly in the following year.

Rice Bran Exports

Exports from Venezuela

In 2019, approx. X tons of rice bran were exported from Venezuela; approximately mirroring the previous year's figure. Over the period under review, exports showed a perceptible contraction. The most prominent rate of growth was recorded in 2014 with an increase of 288% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2019, the growth of the exports failed to regain momentum.

In value terms, rice bran exports amounted to $X in 2019. In general, exports recorded a measured increase. The most prominent rate of growth was recorded in 2014 with an increase of 353% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2019, the growth of the exports failed to regain momentum.

Exports by Country

Nicaragua (X tons) was the main destination for rice bran exports from Venezuela, with a approx. 100% share of total exports.

From 2013 to 2019, the average annual growth rate of volume to Nicaragua was relatively modest.

From 2013 to 2019, the average annual growth rate of value to Nicaragua was relatively modest.

Export Prices by Country

In 2019, the average rice bran export price amounted to $X per ton, remaining constant against the previous year. Overall, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2014 an increase of 17%. Over the period under review, the average export prices hit record highs in 2019 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Nicaragua.

From 2013 to 2019, the rate of growth in terms of prices for Austria amounted to 0.0% per year.

Rice Bran Imports

Imports into Venezuela

In 2021, overseas purchases of rice bran decreased by -75.3% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports showed a pronounced contraction. The growth pace was the most rapid in 2014 when imports increased by 4,116%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, rice bran imports plummeted to $X in 2021. In general, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2014 when imports increased by 626% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main rice bran supplier to Venezuela, with a 97% share of total imports. It was followed by Chile (X kg), with a 2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-68.2% per year) and Brazil (-38.2% per year).

In value terms, the United States ($X) constituted the largest supplier of rice bran to Venezuela, comprising 92% of total imports. The second position in the ranking was held by Brazil ($X), with a 4.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-32.2% per year) and Chile (-59.8% per year).

Import Prices by Country

The average rice bran import price stood at $X per ton in 2021, with an increase of 16% against the previous year. Overall, the import price, however, continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2013 when the average import price increased by 22% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 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 Brazil ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+26.4%), 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?

China remains the largest rice bran consuming country worldwide, accounting for 21% of total volume. Moreover, rice bran consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 5.1% share.

What are the largest producers of rice bran in the world?

The country with the largest volume of rice bran production was China, accounting for 15% of total volume. Moreover, rice bran production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 6.3% share.

What are the leading suppliers of rice bran to Venezuela?

In value terms, the United States constituted the largest supplier of rice bran to Venezuela.

What is the average export price for rice bran in Venezuela?

The average rice bran export price stood at $297 per ton in 2019, stabilizing at the previous year.

What is the average import price for rice bran in Venezuela?

In 2021, the average rice bran import price amounted to $390 per ton, waning by -3.6% against the previous year.

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

Venezuela

Data coverage:

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