ASEAN: Rice Bran Market 2024

Rice Bran Market Size in ASEAN

The ASEAN rice bran market rose remarkably to $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Rice Bran Production in ASEAN

In value terms, rice bran production expanded remarkably to $X in 2023 estimated in export price. Overall, production continues to indicate strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Rice Bran Exports

Exports in ASEAN

Rice bran exports totaled X tons in 2023, increasing by X% compared with 2022 figures. Over the period under review, exports showed buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, rice bran exports totaled $X in 2023. Overall, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Vietnam dominates exports structure, reaching X tons, which was approx. X% of total exports in 2023. The following exporters - Thailand (X tons) and Malaysia (X tons) - each accounted for a X% share of total exports.

Exports from Vietnam increased at an average annual rate of X% from 2012 to 2023. At the same time, Malaysia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Vietnam increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest rice bran supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

In Vietnam, rice bran exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, remaining stable against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2023, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the export price figures.

Rice Bran Imports

Imports in ASEAN

In 2023, after three years of growth, there was significant decline in supplies from abroad of rice bran, when their volume decreased by X% to X tons. Over the period under review, imports recorded a slight shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2023, the growth of imports remained at a lower figure.

In value terms, rice bran imports contracted to $X in 2023. In general, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Vietnam was the largest importing country with an import of around X tons, which reached X% of total imports. Lao People's Democratic Republic (X tons) took the second position in the ranking, followed by Cambodia (X tons). All these countries together took approx. X% share of total imports. Brunei Darussalam (X tons), the Philippines (X tons) and Thailand (X tons) took a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to rice bran imports into Vietnam stood at X%. At the same time, the Philippines (X%), Thailand (X%), Brunei Darussalam (X%) and Lao People's Democratic Republic (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Cambodia (X%) illustrated a downward trend over the same period. While the share of Lao People's Democratic Republic (X p.p.), Brunei Darussalam (X p.p.), the Philippines (X p.p.), Thailand (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Cambodia (X p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) constitutes the largest market for imported rice bran in ASEAN, comprising X% of total imports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with an X% share of total imports. It was followed by Cambodia, with a X% share.

In Vietnam, rice bran imports shrank by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Lao People's Democratic Republic (X% per year) and Cambodia (X% per year).

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, dropping by X% against the previous year. In general, the import price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Brunei Darussalam ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform