SADC: Rice Bran Market 2024

Rice Bran Market Size in SADC

The SADC rice bran market skyrocketed to $X in 2022, rising by X% against the previous year. The total consumption indicated a moderate increase 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. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Rice Bran Production in SADC

In value terms, rice bran production totaled $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Rice Bran Exports

Exports in SADC

In 2022, shipments abroad of rice bran increased by X% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, rice bran exports surged to $X in 2022. In general, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Tanzania dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Zambia (X tons), creating a X% share of total exports. Malawi (X tons) and Mozambique (X tons) followed a long way behind the leaders.

Tanzania was also the fastest-growing in terms of the rice bran exports, with a CAGR of X% from 2012 to 2022. At the same time, Zambia (X%), Mozambique (X%) and Malawi (X%) displayed positive paces of growth. From 2012 to 2022, the share of Tanzania and Zambia increased by X and X percentage points, respectively.

In value terms, Tanzania ($X) remains the largest rice bran supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Malawi ($X), with a X% share of total exports. It was followed by Zambia, with a X% share.

In Tanzania, rice bran exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malawi (X% per year) and Zambia (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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

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

Rice Bran Imports

Imports in SADC

Rice bran imports dropped dramatically to X tons in 2022, falling by X% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then declined sharply in the following year.

In value terms, rice bran imports fell dramatically to $X in 2022. In general, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank markedly in the following year.

Imports by Country

In 2022, South Africa (X tons) represented the major importer of rice bran, generating X% of total imports. Angola (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Zimbabwe (X%). Botswana (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to rice bran imports into South Africa stood at X%. At the same time, Angola (X%) and Botswana (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Zimbabwe (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.) and Angola (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Zimbabwe (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Angola ($X) constitutes the largest market for imported rice bran in SADC, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by Zimbabwe, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Angola stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Zimbabwe (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. 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 hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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