South-Eastern Asia: Maize Bran Market 2024

Maize Bran Market Size in South-Eastern Asia

In 2023, the Southeast Asian maize bran market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, showed a mild expansion. As a result, consumption attained the peak level of $X. From 2020 to 2023, the growth of the market remained at a somewhat lower figure.

Maize Bran Production in South-Eastern Asia

In value terms, maize bran production contracted slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Maize Bran Exports

Exports in South-Eastern Asia

In 2023, exports of maize bran in South-Eastern Asia expanded rapidly to X tons, growing by X% compared with 2022. In general, exports saw a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the maximum in 2023 and are likely to see steady growth in the near future.

In value terms, maize bran exports expanded markedly to $X in 2023. Over the period under review, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2016 when exports increased by X%. The level of export peaked in 2023 and is likely to see steady growth in years to come.

Exports by Country

In 2023, Thailand (X tons) represented the key exporter of maize bran, constituting X% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a X% share, followed by Myanmar (X%), Indonesia (X%) and Vietnam (X%).

Exports from Thailand increased at an average annual rate of X% from 2012 to 2023. At the same time, Myanmar (X%), Malaysia (X%), Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. While the share of Thailand (X p.p.), Malaysia (X p.p.) and Myanmar (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest maize bran supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Myanmar, with a X% share.

In Thailand, maize bran exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Myanmar (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Maize Bran Imports

Imports in South-Eastern Asia

In 2023, the amount of maize bran imported in South-Eastern Asia reduced markedly to X tons, waning by X% compared with the year before. In general, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of import peaked at X tons in 2016; however, from 2017 to 2023, imports failed to regain momentum.

In value terms, maize bran imports shrank to $X in 2023. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Singapore (X tons), distantly followed by Vietnam (X tons), Cambodia (X tons), Brunei Darussalam (X tons) and Malaysia (X tons) were the largest importers of maize bran, together making up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Brunei Darussalam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Cambodia ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Vietnam and Brunei Darussalam lagged somewhat behind, together accounting for a further X%.

Brunei Darussalam, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per ton, rising by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of import peaked in 2023 and is likely to continue growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform