Western Africa: Rice Bran Market 2024

Rice Bran Market Size in Western Africa

In 2022, the West African rice bran market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, continues to indicate a slight descent. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Rice Bran Production in Western Africa

In value terms, rice bran production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Rice Bran Exports

Exports in Western Africa

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. Over the period under review, exports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then contracted notably in the following year.

In value terms, rice bran exports dropped dramatically to $X in 2022. Overall, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then contracted dramatically in the following year.

Exports by Country

In 2022, Guinea (X tons), Liberia (X tons), Cote d'Ivoire (X tons) and Ghana (X tons) represented the largest exporter of rice bran in Western Africa, comprising X% of total export. Togo (X tons) took the next position in the ranking, followed by Nigeria (X tons). All these countries together held approx. X% share of total exports. Mali (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Guinea ($X), Liberia ($X) and Ghana ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

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

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Rice Bran Imports

Imports in Western Africa

After three years of decline, overseas purchases of rice bran increased by X% to X tons in 2022. Over the period under review, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, rice bran imports surged to $X in 2022. Overall, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Niger was the largest importer of rice bran in Western Africa, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Senegal (X tons) took the second position in the ranking, followed by Mauritania (X tons) and Nigeria (X tons). All these countries together held approx. X% share of total imports.

Imports into Niger increased at an average annual rate of X% from 2012 to 2022. At the same time, Senegal (X%), Nigeria (X%) and Mauritania (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. While the share of Senegal (X p.p.) and Nigeria (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Niger (X p.p.) and Mauritania (X p.p.) displayed negative dynamics.

In value terms, the largest rice bran importing markets in Western Africa were Mauritania ($X), Niger ($X) and Senegal ($X), with a combined X% share of total imports.

In terms of the main importing countries, Senegal, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2021, and then contracted notably in the following year.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :