The shipments of the twelve major exporters of wheat bran, namely Russia, Indonesia, Ukraine, Germany, France, Italy, Kazakhstan, the U.S., Argentina, the Netherlands, Poland and Kenya, represented more than half of total export in physical terms.
IndexBox has just published a new report: ‘World – Wheat Bran – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.
In 2020, total wheat bran imports stood at 6.6M tonnes or $1.1B in value terms, remaining stable against the previous year. Turkey is the largest wheat bran importer, accounting for 24% of global imports. Turkey, China, the Netherlands and Saudi Arabia increased their imports while supplies to Viet Nam, Germany, Canada, South Africa and Thailand declined in 2020. China emerged as the fastest-growing importer. The average wheat bran import price rose by +4.8% y-o-y to $174 per tonne last year. Russia, Indonesia and Germany constitute key wheat bran suppliers worldwide.
Global Wheat Bran Imports by Country
Global wheat bran imports estimated at 6.6M tonnes in 2020, approximately mirroring the previous year. In value terms, wheat bran imports amounted to +3.9% to $1.1B (IndexBox estimates) in 2020.
Turkey represented the major importer of wheat bran globally, with the volume of imports resulting at 1.6M tonnes, which was approx. 24% of total imports in 2020. Viet Nam (546K tonnes) held an 8.3% share (based on tonnes) of total imports, which put it in second place, followed by Germany (6.4%), China (5.5%), the Netherlands (5.2%) and Saudi Arabia (5%). Belgium (278K tonnes), Ireland (256K tonnes), Egypt (156K tonnes), the UK (147K tonnes), Canada (146K tonnes), South Africa (114K tonnes) and Thailand (103K tonnes) followed a long way behind the leaders.
Except for Viet Nam, Germany, Canada, South Africa and Thailand, all largest importers ramped up the purchases in 2020. China featured the most prominent spike in import volume, increasing the supplies twofold.
In value terms, Turkey ($277M) constitutes the largest market for imported wheat bran worldwide, comprising 24% of global imports. The second position in the ranking was occupied by Viet Nam ($92M), with an 8% share of global imports. It was followed by China, with a 6.2% share.
The average wheat bran import price stood at $174 per tonne in 2020, increasing by +4.8% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Thailand ($215 per tonne), while South Africa ($102 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the other global leaders experienced more modest paces of growth.
World’s Largest Wheat Bran Exporters
In value terms, the largest wheat bran supplying countries worldwide were Russia ($147M), Indonesia ($123M) and Germany ($85M), with a combined 31% share of global exports. Ukraine, Italy, France, the Netherlands, Poland, the U.S., Kazakhstan, Argentina, Austria and Kenya lagged somewhat behind, together comprising a further 33%.
The shipments of the twelve major exporters of wheat bran, namely Russia, Indonesia, Ukraine, Germany, France, Italy, Kazakhstan, the U.S., Argentina, the Netherlands, Poland and Kenya, represented more than half of total export in physical terms.
Source: IndexBox Platform
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