Australia - Rice Bran - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRice Bran Price in Australia Soars 15%, Averaging $302 per Ton
Australia Rice Bran Export Price in November 2022
In November 2022, the rice bran price stood at $302 per ton (FOB, Australia), surging by 15% against the previous month. Over the period from January 2022 to November 2022, it increased at an average monthly rate of +3.2%. The pace of growth was the most pronounced in August 2022 when the average export price increased by 23% against the previous month. Over the period under review, the average export prices reached the maximum in November 2022.
Prices varied noticeably by the country of destination: the country with the highest price was New Zealand ($756 per ton), while the average price for exports to South Korea stood at $262 per ton.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Australia Rice Bran Exports
In November 2022, the amount of rice bran exported from Australia fell to 892 tons, waning by -9.1% compared with October 2022. Overall, exports recorded a perceptible setback. The growth pace was the most rapid in May 2022 with an increase of 130% m-o-m. As a result, the exports attained the peak of 2.4K tons. From June 2022 to November 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, rice bran exports rose slightly to $270K (IndexBox estimates) in November 2022. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in May 2022 when exports increased by 131% month-to-month. As a result, the exports reached the peak of $494K. From June 2022 to November 2022, the growth of the exports failed to regain momentum.
Australia Rice Bran Exports by Country
South Korea (817 tons) was the main destination for rice bran exports from Australia, accounting for a 92% share of total exports. Moreover, rice bran exports to South Korea exceeded the volume sent to the second major destination, New Zealand (72 tons), more than tenfold. From January 2022 to November 2022, the average monthly growth rate of volume to South Korea totaled +1.7%.
In value terms, South Korea ($214K) remains the key foreign market for rice bran exports from Australia, comprising 79% of total exports. The second position in the ranking was taken by New Zealand ($54K), with a 20% share of total exports. From January 2022 to November 2022, the average monthly rate of growth in terms of value to South Korea totaled +6.1%.
Factors Affecting Rice Bran Prices
Rice bran prices in Australia are determined by a number of factors, including global production and demand levels, weather conditions, and trade policies. Australian rice growers produce both long-grain and short-grain varieties, with the majority of production being exported.
Australian rice farmers have been struggling in recent years due to a number of factors. Global rice production has increased in recent years, while demand from traditional markets such as Japan and Korea has declined. This has put downward pressure on prices.
Australian farmers have also been affected by poor weather conditions, with several droughts hitting key growing regions in recent years. This has led to lower yields and higher production costs.
Finally, the strong Australian dollar has made Australian rice less competitive on global markets. All of these factors have contributed to lower rice bran prices in Australia.
This report provides an in-depth analysis of the rice bran market in Australia. 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:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
