Market research

Maize bran, sharps and residues market in Armenia

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market for maize bran, sharps and residues in Armenia experienced considerable volatility from 2018 to 2023. After a modest decline to 1 639 tonnes in 2019, the market volume entered a growth phase, climbing to 2 963 tonnes by 2022. This upward trajectory was reversed in 2023, when the market contracted sharply to 1 755 tonnes.

Domestic production and import flows were the primary components shaping market size. A notable expansion in local output, which rose from 1 323 tonnes in 2019 to 2 550 tonnes in 2021, laid the foundation for market growth. Imports then spiked to 1 299 tonnes in 2022, compensating for a concurrent dip in production and sustaining the overall market volume. The market's decline in 2023 aligned with a steep reduction in imports, which fell to 212 tonnes.

In 2024, a key regulatory change occurred as the Armenian government imposed a six-month ban on the export of corn, wheat, barley, sunflower seeds, and buckwheat to bolster domestic food security. This measure directly restricts the export of corn and related products, influencing the trade environment for corn by-products like bran and residues.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Armenia
  1. 5.1.1. Annual dynamics of production in Armenia in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Armenia in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Armenia in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Armenia by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Armenia in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Armenia by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Armenia, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Armenia by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Armenia in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Armenia by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Armenia in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Armenia by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Armenia, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Armenia by countries, 2018-2024, $ US/t
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, t
  2. 7.1.2. In value, K $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, t
  2. 7.2.2. In value, K $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production maize bran, sharps and residues in Armenia

In kind, 2017-2020, t

Top producers of maize bran, sharps and residues, 2017-2020

Source: SHEV.io

World map of production of maize bran, sharps and residues, 2017-2020

Source: SHEV.io

The market exhibited volatility during the observed period. Production reached its lowest point in 2017, then peaked in 2018 with a 2.5-fold increase between these years. In 2020, Armenia produced 1 586 tonnes of maize bran, sharps, and residues, marking a solid year-on-year growth of 19.9%. The highest production volume was recorded in 2018 at 1 663 tonnes. The most significant decline occurred in 2019, with a drop of 20.5%, while the largest increase was in 2018, surging by 147.1%.

Annual dynamics of production in Armenia in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	147.1%	(20.5%)	19.9%	33.1%

Source: SHEV.io

Exports maize bran, sharps and residues from Armenia

Market study findings indicate that Armenia did not export any maize bran, sharps, and residues from 2017 to 2020.

Imports maize bran, sharps and residues to Armenia

Imports in kind, t

Imports of maize bran, sharps, and residues into Armenia have risen for the third consecutive year. In 2020, imports totaled 407.0 tonnes, showing a sharp increase of 28.7% compared to the previous year. From 2017 to 2020, imports grew by 1 089.7%, with a compound annual growth rate of 128.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	209.8%	198.4%	28.7%	128.3%

Source: SHEV.io

From 2017 to 2020, Armenia's imports of maize bran, sharps, and residues were heavily reliant on Russia, which accounted for 100.0% of total imports in volume terms.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, $ US

Imports of maize bran, sharps, and residues into Armenia have increased for the third year in a row. In 2020, Armenia imported a total of {value_last_year} US dollars' worth of these products, representing a gain of 30.4% over 2019. Over the period from 2017 to 2020, imports rose by 886.6%, with a compound annual growth rate of 114.5%.

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