Africa - Rice Bran - Market Analysis, Forecast, Size, Trends And Insights

Africa's Rice Bran Market Expected to Reach 2.1M Tons and $321M by 2035 Index Box has just published a new report: Africa - Rice Bran - Market Analysis, Forecast, Size, Trends And Insights. The article discusses the rising demand for rice bran in Africa, leading to a forecasted upward consumption trend over the next decade. Market performance is expected to grow, with a projected CAGR of +1.3% in volume and +1.6% in value from 2024 to 2035.

By the end of 2035, the market is estimated to reach 2.1M tons and $321M in value. Market Forecast Driven by increasing demand for rice bran in Africa, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.3% for the period from 2024 to 2035, which is projected to bring the market volume to 2.1M tons by the end of 2035. 

Consumption By Country 

The countries with the highest volumes of consumption in 2024 were Nigeria (250K tons), Ethiopia (201K tons) and Democratic Republic of the Congo (156K tons), with a combined 34% share of total consumption. Egypt, Tanzania, Uganda, South Africa, Algeria, Kenya and Sudan lagged somewhat behind, together accounting for a further 31%. 

Production Africa's 

Production of Rice Bran 

In 2024, the amount of rice bran produced in Africa totaled 1.8M tons, approximately equating the previous year. The total output volume increased at an average annual rate of +2.2% over the period from 2013 to 2024; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2022 with an increase of 8.1%. As a result, production reached the peak volume of 1.8M tons; afterwards, it flattened through to 2024.

Market Forecast 

Driven by increasing demand for rice bran in Africa, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.3% for the period from 2024 to 2035, which is projected to bring the market volume to 2.1M tons by the end of 2035. 

Imports 

Africa's Imports of Rice Bran 

In 2024, supplies from abroad of rice bran was finally on the rise to reach 144K tons for the first time since 2021, thus ending a two-year declining trend. Over the period under review, imports enjoyed a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 137%. The volume of import peaked in 2024 and is likely to see steady growth in the near future.

Import Prices By Country 

The import price in Africa stood at $226 per ton in 2024, increasing by 93% against the previous year. In general, the import price continues to indicate buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term. 

Exports By Country 

Tanzania was the largest exporting country with an export of about 63K tons, which accounted for 41% of total exports. Burkina Faso (18K tons) ranks second in terms of the total exports with a 12% share, followed by Malawi (12%), Nigeria (9.8%), Congo (8.9%) and Uganda (5.6%). Liberia (3.1K tons) followed a long way behind the leaders. 

Export Prices By Country 

In 2024, the export price in Africa amounted to $82 per ton, declining by -5.7% against the previous year. Overall, the export price saw a pronounced shrinkage. The growth pace was the most rapid in 2018 when the export price increased by 239% against the previous year. As a result, the export price attained the peak level of $371 per ton. From 2019 to 2024, the export prices failed to regain momentum.