ASEAN: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in ASEAN

The ASEAN wheat and meslin flour market rose notably to $X in 2022, surging by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Wheat and Meslin Flour in ASEAN

In value terms, wheat and meslin flour production reached $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Wheat and Meslin Flour

Exports in ASEAN

In 2022, exports of wheat and meslin flour in ASEAN amounted to X tons, therefore, remained relatively stable against 2021 figures. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, wheat and meslin flour exports surged to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam was the largest exporter of wheat and meslin flour in ASEAN, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Singapore (X tons) ranks second in terms of the total exports with a X% share, followed by Indonesia (X%) and Malaysia (X%). Thailand (X tons) took a relatively small share of total exports.

Vietnam was also the fastest-growing in terms of the wheat and meslin flour exports, with a CAGR of X% from 2012 to 2022. At the same time, Indonesia (X%), Thailand (X%) and Singapore (X%) displayed positive paces of growth. Malaysia experienced a relatively flat trend pattern. Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest wheat and meslin flour supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

In Vietnam, wheat and meslin flour exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Indonesia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Thailand ($X per ton) and Singapore ($X per ton), while Indonesia ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Wheat and Meslin Flour

Imports in ASEAN

In 2022, supplies from abroad of wheat and meslin flour increased by X% to X tons for the first time since 2012, thus ending a nine-year declining trend. In general, imports, however, continue to indicate a deep setback. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, wheat and meslin flour imports soared to $X in 2022. Over the period under review, imports, however, recorded a deep reduction. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of wheat and meslin flour, namely Thailand, Singapore and Malaysia, represented more than two-thirds of total import. Indonesia (X tons) ranks next in terms of the total imports with a X% share, followed by Myanmar (X%) and the Philippines (X%). Brunei Darussalam (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest wheat and meslin flour importing markets in ASEAN were Thailand ($X), Singapore ($X) and Malaysia ($X), together comprising X% of total imports. The Philippines, Indonesia, Myanmar and Brunei Darussalam lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Myanmar, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Brunei Darussalam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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