World - Wheat Bran - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
Boosting Turkey's and China's Imports Keep Global Wheat Bran Trade Afloat
IndexBox has just published a new report: 'World - Wheat Bran - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.
In 2020, total wheat bran imports stood at 6.6M tonnes or $1.1B in value terms, remaining stable against the previous year. Turkey is the largest wheat bran importer, accounting for 24% of global imports. Turkey, China, the Netherlands and Saudi Arabia increased their imports while supplies to Viet Nam, Germany, Canada, South Africa and Thailand declined in 2020. China emerged as the fastest-growing importer. The average wheat bran import price rose by +4.8% y-o-y to $174 per tonne last year. Russia, Indonesia and Germany constitute key wheat bran suppliers worldwide.
Global Wheat Bran Imports by Country
Global wheat bran imports estimated at 6.6M tonnes in 2020, approximately mirroring the previous year. In value terms, wheat bran imports amounted to +3.9% to $1.1B (IndexBox estimates) in 2020.
Turkey represented the major importer of wheat bran globally, with the volume of imports resulting at 1.6M tonnes, which was approx. 24% of total imports in 2020. Viet Nam (546K tonnes) held an 8.3% share (based on tonnes) of total imports, which put it in second place, followed by Germany (6.4%), China (5.5%), the Netherlands (5.2%) and Saudi Arabia (5%). Belgium (278K tonnes), Ireland (256K tonnes), Egypt (156K tonnes), the UK (147K tonnes), Canada (146K tonnes), South Africa (114K tonnes) and Thailand (103K tonnes) followed a long way behind the leaders.
Except for Viet Nam, Germany, Canada, South Africa and Thailand, all largest importers ramped up the purchases in 2020. China featured the most prominent spike in import volume, increasing the supplies twofold.
In value terms, Turkey ($277M) constitutes the largest market for imported wheat bran worldwide, comprising 24% of global imports. The second position in the ranking was occupied by Viet Nam ($92M), with an 8% share of global imports. It was followed by China, with a 6.2% share.
The average wheat bran import price stood at $174 per tonne in 2020, increasing by +4.8% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Thailand ($215 per tonne), while South Africa ($102 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the other global leaders experienced more modest paces of growth.
World’s Largest Wheat Bran Exporters
In value terms, the largest wheat bran supplying countries worldwide were Russia ($147M), Indonesia ($123M) and Germany ($85M), with a combined 31% share of global exports. Ukraine, Italy, France, the Netherlands, Poland, the U.S., Kazakhstan, Argentina, Austria and Kenya lagged somewhat behind, together comprising a further 33%.
The shipments of the twelve major exporters of wheat bran, namely Russia, Indonesia, Ukraine, Germany, France, Italy, Kazakhstan, the U.S., Argentina, the Netherlands, Poland and Kenya, represented more than half of total export in physical terms.
Source: IndexBox Platform
This report provides an in-depth analysis of the global wheat bran market. 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
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