Eastern Asia: Rice Bran Market 2024

Rice Bran Market Size in Eastern Asia

In 2022, after two years of growth, there was decline in the East Asian rice bran market, when its value decreased by X% to $X. In general, consumption continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Rice Bran Production in Eastern Asia

In value terms, rice bran production contracted slightly to $X in 2022 estimated in export price. Overall, production showed a perceptible setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Rice Bran Exports

Exports in Eastern Asia

In 2022, rice bran exports in Eastern Asia reduced remarkably to X tons, declining by X% against the previous year. Over the period under review, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, rice bran exports contracted sharply to $X in 2022. Overall, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) and Hong Kong SAR (X tons) represented the main exporters of rice bran in 2022, finishing at approx. X% and X% of total exports, respectively. Taiwan (Chinese) (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Japan (X%).

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest rice bran supplying countries in Eastern Asia were China ($X), Hong Kong SAR ($X) and Japan ($X), together comprising X% of total exports. Taiwan (Chinese) lagged somewhat behind, comprising a further X%.

Taiwan (Chinese), with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price enjoyed notable growth. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced mixed trends in the export price figures.

Rice Bran Imports

Imports in Eastern Asia

After ten years of growth, supplies from abroad of rice bran decreased by X% to X tons in 2022. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, rice bran imports declined to $X in 2022. In general, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by X%. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

China prevails in imports structure, reaching X tons, which was near X% of total imports in 2022. It was distantly followed by South Korea (X tons), constituting a X% share of total imports.

China was also the fastest-growing in terms of the rice bran imports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) displayed positive paces of growth. While the share of China (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (X p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported rice bran in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in China stood at X%.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rice bran import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while South Korea stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

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