Turkey - Rice Bran - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRice Bran Price in Turkey - 2023
Contents:
- Rice Bran Price in Turkey (CIF) - 2023
- Rice Bran Price in Turkey (FOB) - 2022
- Rice Bran Imports in Turkey
- Rice Bran Exports in Turkey
Rice Bran Price in Turkey (CIF) - 2023
In July 2023, the average rice bran import price amounted to $245 per ton, dropping by -8.4% against the previous month. Over the period under review, the import price saw a mild contraction. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 11% month-to-month. The import price peaked at $309 per ton in August 2022; however, from September 2022 to July 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Russia.
From July 2022 to July 2023, the rate of growth in terms of prices for Russia amounted to -1.2% per month.
Rice Bran Price in Turkey (FOB) - 2022
The average rice bran export price stood at $92 per ton in 2022, which is down by -3% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2016 an increase of 69%. The export price peaked at $217 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($95 per ton), while the average price for exports to Syrian Arab Republic stood at $89 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (-6.3%).
Rice Bran Imports in Turkey
In 2022, the amount of rice bran imported into Turkey soared to 119K tons, jumping by 29% on 2021 figures. The total import volume increased at an average annual rate of +10.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, rice bran imports soared to $31M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.9% 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 +81.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Rice Bran in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 16.9 | 19.6 | 20.4 | 30.5 | 21.8% |
| Others | 0.2 | 0.3 | 0.7 | 0.4 | 26.0% |
| Total | 17.1 | 19.9 | 21.2 | 31.0 | 21.9% |
Top Suppliers of Rice Bran to Turkey in 2022:
- Russia (117.5K tons)
Rice Bran Exports in Turkey
For the fourth year in a row, Turkey recorded growth in shipments abroad of rice bran, which increased by 116% to 3.6K tons in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,415%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, rice bran exports soared to $333K in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 855% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Rice Bran in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Syrian Arab Republic | N/A | N/A | N/A | 168 | 0% |
| Cyprus | 4.8 | 4.3 | 159 | 165 | 225.1% |
| Others | N/A | 12.4 | N/A | N/A | 0% |
| Total | 4.8 | 16.6 | 159 | 333 | 310.9% |
Top Export Markets for Rice Bran from Turkey in 2022:
- Syrian Arab Republic (1.9K tons)
- Cyprus (1.7K tons)
This report provides an in-depth analysis of the rice bran market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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
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235
The month-to-month growth rate for Rice Bran in September 2022 was the most rapid, experiencing a staggering increase of 438%. However, in terms of value, rice bran imports witnessed a steep decline, falling to $2.3M in July 2023.
84
Imports of Wheat Bran peaked at 1.7M tons in 2017 but decreased in the following years, reaching a value of $295M in 2023.
445
Wheat bran prices in December 2022 were around $241 per ton (CIF, Turkey) - a similar cost to the month before.
797
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...
922
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.
235
The month-to-month growth rate for Rice Bran in September 2022 was the most rapid, experiencing a staggering increase of 438%. However, in terms of value, rice bran imports witnessed a steep decline, falling to $2.3M in July 2023.
84
Imports of Wheat Bran peaked at 1.7M tons in 2017 but decreased in the following years, reaching a value of $295M in 2023.
445
Wheat bran prices in December 2022 were around $241 per ton (CIF, Turkey) - a similar cost to the month before.
797
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...
922
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.
