Eastern Europe: Rice Bran Market 2024

Rice Bran Market Size in Eastern Europe

The East European rice bran market reduced to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when the market value increased by X%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Rice Bran Production in Eastern Europe

In value terms, rice bran production reached $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Rice Bran Exports

Exports in Eastern Europe

Rice bran exports skyrocketed to X tons in 2022, increasing by X% compared with the previous year's figure. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, rice bran exports soared to $X in 2022. Total exports indicated measured 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, exports increased by X% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Russia (X tons) represented the major exporter of rice bran, achieving X% of total exports. Poland (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Lithuania (X%) and the Czech Republic (X%). The following exporters - Latvia (X tons), Slovakia (X tons) and Belarus (X tons) - together made up X% of total exports.

Exports from Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Latvia (X%), Poland (X%), Belarus (X%), Lithuania (X%), Slovakia (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. While the share of Poland (X p.p.), Lithuania (X p.p.) and Latvia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest rice bran supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price recorded 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, the export prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

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

Rice Bran Imports

Imports in Eastern Europe

In 2022, overseas purchases of rice bran decreased by X% to X tons, falling for the sixth consecutive year after two years of growth. Over the period under review, imports faced a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, rice bran imports contracted dramatically to $X in 2022. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Poland was the main importing country with an import of around X tons, which resulted at X% of total imports. Latvia (X tons) took the second position in the ranking, distantly followed by the Czech Republic (X tons), Romania (X tons) and Russia (X tons). All these countries together took near X% share of total imports. The following importers - Bulgaria (X tons) and Estonia (X tons) - each recorded a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to rice bran imports into Poland stood at X%. At the same time, Romania (X%), Bulgaria (X%) and Latvia (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Estonia (X%), the Czech Republic (X%) and Russia (X%) illustrated a downward trend over the same period. Latvia (X p.p.) and Romania (X p.p.) significantly strengthened its position in terms of the total imports, while Russia and Poland saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported rice bran in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Latvia ($X), with a X% share of total imports. It was followed by the Czech Republic, with an X% share.

In Poland, rice bran imports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Latvia (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, which is down by X% against the previous year. Import price indicated a measured 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 2017 indices. The growth pace was the most rapid in 2021 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bulgaria ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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