MENA: Rice Bran Market 2024

Rice Bran Market Size in MENA

The MENA's rice bran market contracted modestly to $X in 2022, reducing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Rice Bran Production in MENA

In value terms, rice bran production declined to $X in 2022 estimated in export price. The total production indicated perceptible growth from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Rice Bran Exports

Exports in MENA

In 2022, after two years of growth, there was significant decline in overseas shipments of rice bran, when their volume decreased by X% to X tons. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, rice bran exports shrank remarkably to $X in 2022. Overall, exports saw a noticeable decrease. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Turkey (X tons) was the major exporter of rice bran, achieving X% of total exports. Oman (X tons) took the second position in the ranking, distantly followed by the United Arab Emirates (X tons) and Egypt (X tons). All these countries together held near X% share of total exports.

Exports from Turkey decreased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%), Egypt (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. While the share of Oman (X p.p.), the United Arab Emirates (X p.p.) and Egypt (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics.

In value terms, the largest rice bran supplying countries in MENA were the United Arab Emirates ($X), Turkey ($X) and Oman ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Oman, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price showed a noticeable descent. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey ($X per ton) was amongst the lowest.

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

Rice Bran Imports

Imports in MENA

In 2022, after two years of growth, there was significant decline in supplies from abroad of rice bran, when their volume decreased by X% to X tons. In general, imports, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then contracted notably in the following year.

In value terms, rice bran imports shrank remarkably to $X in 2022. Overall, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

Turkey represented the key importer of rice bran in MENA, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Oman (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (X%). Kuwait (X tons) took a little share of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (X%), Saudi Arabia (X%) and Oman (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Oman, Saudi Arabia and Kuwait increased by X, X and X percentage points, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported rice bran in MENA, comprising X% of total imports. The second position in the ranking was held by Oman ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

In Turkey, rice bran imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Oman (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated a slight 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 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Oman ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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