Bran, sharps and residues from cereal or legume processing market in Thailand

Earlier Report Observations

The market volume for bran, sharps and residues from cereal or legume processing in Thailand showed considerable variation from 2018 to 2023. It began the period at 2,962 thousand tons in 2018 and remained nearly stable in 2019. A decline to 2,831 thousand tons occurred in 2020, followed by a recovery to a peak of 3,020 thousand tons in 2021. The market then contracted sharply to 2,453 thousand tons in 2022, before partially rebounding to 2,692 thousand tons in 2023.

The 2021 peak represented a 6.7% increase from the previous year, while the subsequent 2022 downturn saw an 18.8% decrease in volume. The market's partial recovery in 2023 brought a 9.7% growth from the 2022 low, indicating ongoing volatility in the supply and demand for these milling by-products.

Industry dynamics highlight several relevant factors. Rice bran and similar residues are established as a fundamental energy feed ingredient in pig and poultry diets, with inclusion rates typically up to 30%. Furthermore, the rice sector's adaptation to climate change through the development of drought- and flood-resistant varieties and the adoption of alternate wet-dry cultivation practices may influence future residue availability. The growth of online agricultural marketplaces also presents a potential channel for improved domestic distribution of these products.

Production bran, sharps and residues from cereal or legume processing in Thailand

In kind, 2017-2020, K t

On a global scale, Thailand ranked as the 14th largest producer of bran, sharps, and residues from cereal or legume processing during the period from 2017 to 2020.

Top producers of bran, sharps and residues from cereal or legume processing, 2017-2020

World map of production of bran, sharps and residues from cereal or legume processing, 2017-2020

Thailand's production of bran, sharps, and residues from cereal or legume processing declined for the third consecutive year. In 2020, the country produced 2 709 K t, marking a moderate decrease of 5.3% compared to the previous year. From 2017 to 2020, overall production fell by 9.9%, which translates to an annualized decline rate of 3.4%.

Annual dynamics of production in Thailand in kind, 2017-2020, K t

Exports bran, sharps and residues from cereal or legume processing from Thailand

Exports in kind, K t

After two years of contraction, Thailand's exports of bran, sharps, and residues from cereal or legume processing increased in 2020. Exports reached 12.3 K t, showing a steep gain of 54.8% compared to 2019. However, over the full period from 2017 to 2020, exports decreased by 50.1%, with an annualized decline rate of 20.7%. The lowest export volume was recorded in 2019 at 7.9 K t, and the largest decline occurred in 2018, with a drop of 48.2%.

Annual dynamics of product's exports from Thailand in kind, 2017-2020, K t

From 2017 to 2020, three main markets—Japan, Laos, and Cambodia—together absorbed 99.3% of Thailand's total exports in kind of bran, sharps, and residues from cereal or legume processing.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Thailand in kind, 2017-2020

Exports in value, K $ US

The data reveals irregular changes, indicating a volatile market environment. From 2017 to 2019, the peak-to-trough amplitude was 3.3 times. In 2020, Thailand exported 4 136 K $ US of bran, sharps, and residues from cereal or legume processing, constituting a dramatic advance of 111.5% compared to 2019. The minimum value was recorded in 2019 at 1 955 K $ US, with the largest decline that year being 46.4%.

Annual dynamics of product's exports from Thailand in value, 2017-2020, K $ US

From 2017 to 2020, Japan, Laos, and Cambodia remained the principal buyers of bran, sharps, and residues from cereal or legume processing from Thailand in value terms. Japan accounted for 43.6% of exports, Laos for 20.2%, and Cambodia for 19.2%, jointly representing 83.0% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Thailand in value, 2017-2020

Imports bran, sharps and residues from cereal or legume processing to Thailand

Imports in kind, K t

Thailand's imports of bran, sharps, and residues from cereal or legume processing increased for the third consecutive year. In 2020, imports tallied 135.0 K t, equivalent to a robust uptick of 23.1% compared to the previous year. Over the period from 2017 to 2020, imports surged by 747.3%, with a compound annual growth rate of 103.9%.

Annual dynamics of product's imports to Thailand in kind, 2017-2020, K t

From 2017 to 2020, imports in kind of bran, sharps, and residues from cereal or legume processing to Thailand were highly concentrated, with Indonesia accounting for 100.0% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Thailand in kind, 2017-2020

Imports in value, K $ US

Thailand's imports of bran, sharps, and residues from cereal or legume processing increased for the third consecutive year. In 2020, imports amounted to 28 760 K $ US, up by 16.0% compared to 2019. Between 2017 and 2020, imports grew by 1288.5%, equating to an annualized rate of 140.4%.

Annual dynamics of product's imports to Thailand in value, 2017-2020, K $ US

From 2017 to 2020, Indonesia remained the overwhelmingly dominant supplier of bran, sharps, and residues from cereal or legume processing to Thailand, accounting for 100.0% of total imports in value terms.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Thailand in value, 2017-2020