ASEAN: Non-Wheat Cereal Pellets Market 2024

Non-Wheat Cereal Pellets Market Size in ASEAN

The ASEAN non-wheat cereal pellets market rose remarkably to $X in 2022, surging by X% against the previous year. Over the period under review, consumption continues to indicate a tangible expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Non-Wheat Cereal Pellets Production in ASEAN

In value terms, non-wheat cereal pellets production rose significantly to $X in 2022 estimated in export price. Over the period under review, production saw buoyant growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Non-Wheat Cereal Pellets Exports

Exports in ASEAN

In 2022, overseas shipments of cereal pellets (excluding wheat) increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports saw strong growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, non-wheat cereal pellets exports declined to $X in 2022. Overall, exports showed a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the two major exporters of cereal pellets (excluding wheat), namely Malaysia and Vietnam, represented more than two-thirds of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of X%).

In value terms, the largest non-wheat cereal pellets supplying countries in ASEAN were Malaysia ($X) and Vietnam ($X).

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2021, and then contracted significantly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Malaysia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%).

Non-Wheat Cereal Pellets Imports

Imports in ASEAN

In 2022, purchases abroad of cereal pellets (excluding wheat) decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports recorded a deep reduction. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, non-wheat cereal pellets imports contracted rapidly to $X in 2022. Over the period under review, imports continue to indicate a pronounced descent. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Singapore represented the largest importer of cereal pellets (excluding wheat) in ASEAN, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Myanmar (X tons) took the second position in the ranking, followed by Indonesia (X tons). All these countries together held approx. X% share of total imports. The Philippines (X tons) and Brunei Darussalam (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to non-wheat cereal pellets imports into Singapore stood at X%. At the same time, Myanmar (X%), Indonesia (X%) and Brunei Darussalam (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, the Philippines (X%) illustrated a downward trend over the same period. Singapore (X p.p.), Myanmar (X p.p.), Indonesia (X p.p.) and Brunei Darussalam (X p.p.) significantly strengthened its position in terms of the total imports, while the Philippines saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Singapore ($X) constitutes the largest market for imported cereal pellets (excluding wheat) in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Myanmar ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

In Singapore, non-wheat cereal pellets imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Myanmar (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, shrinking by X% against the previous year. In general, the import price, however, posted prominent growth. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2021, and then contracted significantly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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