In 2023, India dominated global rice bran oil markets with significant utilization at 683.0 thousand metric tons, followed by China at a modest 117.0. Year-over-year growth rates from the prior period indicate expansion in India at 21%, with China growing by 35%, highlighting robust demand in these countries. Cambodia saw a dramatic variation at 149%, whereas North Korea's demand declined by 159%. Japan, Myanmar, South Korea, Vietnam, and others remained stable. Thailand exhibited substantial growth at 8.45%, while negligible changes were noted in Nepal, Pakistan, Laos, and Bangladesh.
Future trends to watch include:
- Continued growth in Asian markets, especially in India and China, due to increasing health awareness and culinary applications.
- Potential shifts towards sustainable and eco-friendly production practices influencing demand.
- Emerging markets showing interest may alter the dynamics of traditional demand clusters.
Top countries in Ricebran Oil Demand by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 683 | 2023 | +0.15% | +0.21% | View data |
| 2 | 2 China | 117 | 2023 | 0% | +0.35% | View data |
| 3 | 3 Japan | 86 | 2023 | 0% | 0% | View data |
| 4 | 4 Myanmar | 25 | 2023 | 0% | 0% | View data |
| 5 | 5 South Korea | 18 | 2023 | 0% | 0% | View data |
| 6 | 6 Vietnam | 15 | 2023 | +7.14% | View data | |
| 7 | 7 Cambodia | 14 | 2023 | 0% | +1.49% | View data |
| 8 | 8 North Korea | 12 | 2023 | 0% | -1.59% | View data |
| 9 | 9 Thailand | 9 | 2023 | 0% | +8.45% | View data |
| 10 | 10 Nepal | 9 | 2023 | 0% | 0% | View data |
