Republic of Korea - Rice Bran - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRice Bran Price in South Korea - 2022
Contents:
- Rice Bran Price in South Korea (CIF) - 2022
- Rice Bran Price in South Korea (FOB) - 2022
- Rice Bran Imports in South Korea
- Rice Bran Exports in South Korea
Rice Bran Price in South Korea (CIF) - 2022
In December 2022, the average rice bran import price amounted to $306 per ton, surging by 7.3% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +2.2%. The pace of growth appeared the most rapid in May 2022 an increase of 40% month-to-month. The import price peaked in December 2022.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was China ($338 per ton), while the price for Australia amounted to $234 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.0%).
Rice Bran Price in South Korea (FOB) - 2022
The average rice bran export price stood at $1,187 per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price posted a resilient increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 62% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($6,609 per ton), while the average price for exports to Indonesia ($82 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 the United States (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.
Rice Bran Imports in South Korea
In 2022, supplies from abroad of rice bran decreased by -23% to 7.6K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a notable expansion from 2019 to 2022: its volume increased at an average annual rate of +4.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +13.4% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. As a result, imports attained the peak of 9.8K tons, and then shrank remarkably in the following year.
In value terms, rice bran imports reduced to $1.8M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year. As a result, imports attained the peak of $2.1M, and then reduced in the following year.
| Import of Rice Bran in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 805 | 1,013 | 1,586 | 1,300 | 17.3% |
| Russia | 245 | 326 | 323 | 265 | 2.7% |
| United States | 99.7 | 98.8 | 66.5 | 121 | 6.7% |
| Others | 70.5 | 88.7 | 172 | 151 | 28.9% |
| Total | 1,220 | 1,526 | 2,147 | 1,837 | 14.6% |
Top Suppliers of Rice Bran to South Korea in 2022:
- Australia (6.4K tons)
- Russia (0.6K tons)
- United States (0.4K tons)
Rice Bran Exports in South Korea
After two years of decline, shipments abroad of rice bran increased by 2.5% to 782 kg in 2022. Over the period under review, exports, however, showed a abrupt decline.
In value terms, rice bran exports rose to $928 in 2022. In general, exports, however, showed a perceptible curtailment.
| Export of Rice Bran in South Korea (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 864 | 871 | 757 | 764 | -4.0% |
| United States | 89.0 | 17.0 | 121 | 138 | 15.7% |
| Netherlands | 51.0 | 37.0 | 24.0 | 11.0 | -40.0% |
| Others | 4.0 | 29.0 | 1.0 | 15.0 | 55.4% |
| Total | 1,008 | 954 | 903 | 928 | -2.7% |
Top Export Markets for Rice Bran from South Korea in 2022:
- Japan (725.0 kg)
- Netherlands (33.0 kg)
- United States (21.0 kg)
This report provides an in-depth analysis of the rice bran market in Republic of Korea. 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:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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
392
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In value terms, bran, sharps and other residues; exports totaled $X in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total exports value increased at an average annual ra...
916
In 2020, total wheat bran imports stood at 6.6M tons 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 Vietnam, 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 ton last year. Russia, Indonesia and Germany constitute key wheat bran suppliers worldwide.
792
In value terms, bran, sharps and other residues; exports totaled $X in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total exports value increased at an average annual ra...
916
In 2020, total wheat bran imports stood at 6.6M tons 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 Vietnam, 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 ton last year. Russia, Indonesia and Germany constitute key wheat bran suppliers worldwide.
