South-Eastern Asia: Rice Bran Market 2024

Rice Bran Market Size in South-Eastern Asia

The Southeast Asian rice bran market was estimated at $X in 2022, remaining constant against the previous year. In general, consumption, however, saw a slight curtailment. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Rice Bran Production in South-Eastern Asia

In value terms, rice bran production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Rice Bran Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of rice bran decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2015 with an increase of X%. The volume of export peaked at X tons in 2021, and then reduced dramatically in the following year.

In value terms, rice bran exports shrank notably to $X in 2022. In general, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. The level of export peaked at $X in 2021, and then shrank significantly in the following year.

Exports by Country

Vietnam dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. The following exporters - Thailand (X tons) and Malaysia (X tons) - each finished at a X% share of total exports.

Vietnam 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, Malaysia (X%) and Thailand (X%) displayed positive paces of growth. While the share of Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) and Thailand (X p.p.) displayed negative dynamics.

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

In Vietnam, 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: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Rice Bran Imports

Imports in South-Eastern Asia

Rice bran imports was estimated at X tons in 2022, increasing by X% compared with the previous year's figure. Over the period under review, imports, however, saw a drastic downturn. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, rice bran imports soared to $X in 2022. In general, imports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Vietnam represented the key importing country with an import of around X tons, which resulted at X% of total imports. Lao People's Democratic Republic (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (X%). Thailand (X tons), Cambodia (X tons) and the Philippines (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 Vietnam stood at X%. At the same time, the Philippines (X%), Thailand (X%) and Lao People's Democratic Republic (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) and Cambodia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Lao People's Democratic Republic, Thailand and the Philippines increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported rice bran in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

In Vietnam, rice bran imports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Lao People's Democratic Republic (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :