Maize bran, sharps and residues market in Asia

Earlier Report Observations

The market volume for maize bran, sharps and residues in Asia reached 6.5 million tonnes in 2019, then contracted sharply to 5.0 million tonnes in 2020. Volumes stabilized over the next three years, fluctuating between 4.9 and 5.1 million tonnes.

By 2024, global consumption of maize bran was rising, driven by increasing worldwide demand. Concurrently, initiatives in China aimed at improving the processing of agricultural crop residues began to shape the regional market for by-products like maize bran.

Production maize bran, sharps and residues in Asia

In kind, 2017-2020, K t

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

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

After two years of growth, Asia's production of maize bran, sharps, and residues declined. In 2019, output peaked at 6,025 K t, but by 2020 it had fallen sharply to 4,468 K t, marking a 25.8% year-over-year drop. Over the period from 2017 to 2020, production decreased by 18.7%, which translates to an annualized decline of 6.7%. The largest annual increase occurred in 2018, with a rise of 6.9%.

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

In value, 2017-2020, M $ US

Asia's production of maize bran, sharps, and residues declined for the second year in a row. In 2018, output reached its highest value at 1,848 M $ US, but by 2020 it had dropped to 1,055 M $ US, reflecting a 29.9% decrease from the previous year. From 2017 to 2020, production fell by 36.9%, with a compound annual growth rate (CAGR) of -14.2%. The largest annual increase was recorded in 2018, at 10.5%.

Annual dynamics of production in Asia in value, 2017-2020, M $ US

Exports maize bran, sharps and residues from Asia

Exports in kind, K t

Asia's export volume of maize bran, sharps, and residues increased for the third consecutive year. In 2020, exports reached 90.2 K t, up 9.6% from 2019. Between 2017 and 2020, exports surged by 230.8%, equating to an annualized growth rate of 49.0%.

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

From 2017 to 2020, the United States, accounting for 7.5% of exports in kind, Asia not elsewhere specified at 0.9%, and Germany at 0.6%, were the main markets for Asia's maize bran, sharps, and residues exports. Together, these three destinations represented 9.0% of total export flows.

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

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

Exports in value, M $ US

Asia's export value of maize bran, sharps, and residues rose for the third year in a row. In 2020, exports totaled 21.3 M $ US, a 3.6% increase from the previous year. Over the 2017-2020 period, exports grew by 156.7%, with a compound annual growth rate (CAGR) of 36.9%.

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

During 2017–2020, the United States, with 6.4% of exports in value terms, Germany at 2.0%, and Asia not elsewhere specified at 0.6%, stood out as the primary markets for Asia's maize bran, sharps, and residues exports. Collectively, these three accounted for 9.1% of total export value.

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

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

Imports maize bran, sharps and residues to Asia

Imports in kind, K t

Asia's imports of maize bran, sharps, and residues in 2020 amounted to 646.1 K t, an 8.9% increase from 2019. Over the 2017-2020 period, imports grew by 11.9%, with an annualized rate of 3.8%. The highest import volume was recorded in 2018 at 650.4 K t, while the largest decline occurred in 2019 with an 8.8% drop. The largest increase was in 2018, at 12.7%.

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

From 2017 to 2020, the United States, Ukraine, and Russia were the main sources for Asia's imports of maize bran, sharps, and residues in kind. The United States contributed 35.6% of imports, Ukraine 15.2%, and Russia 10.4%, together making up 61.1% of total import volume.

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

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

Imports in value, M $ US

Asia imported approximately 161.6 M $ US of maize bran, sharps, and residues in 2020, a strong increase of 17.3% from 2019. Between 2017 and 2020, imports rose by 51.5%, with an annualized growth rate of 14.9%. The largest decline was in 2019, at 5.5%, while the largest increase occurred in 2018, at 36.6%.

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

Throughout 2017–2020, the United States, Ukraine, and Russia remained the key sources for Asia's imports of maize bran, sharps, and residues in value terms. The United States accounted for 39.6% of imports, Ukraine for 13.3%, and Russia for 9.4%, collectively representing 62.3% of total import value.

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

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