Asia: Crispbread Market 2024

Crispbread Market Size in Asia

The Asian crispbread market rose rapidly to $X in 2021, increasing by 5.7% against the previous year. The market value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Crispbread Production in Asia

In value terms, crispbread production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 27%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Crispbread Exports

Exports in Asia

In 2021, overseas shipments of crispbread increased by 5.8% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 16% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, crispbread exports expanded to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 12%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand prevails in exports structure, reaching X tons, which was approx. 85% of total exports in 2021. It was distantly followed by Malaysia (X tons), creating a 7.3% share of total exports. The following exporters - Indonesia (X tons) and China (X tons) - each recorded a 5.2% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to crispbread exports from Thailand stood at +1.4%. At the same time, Malaysia (+22.7%), China (+12.9%) and Indonesia (+1.9%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +22.7% from 2012-2021. From 2012 to 2021, the share of Malaysia and China increased by +5.9 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest crispbread supplier in Asia, comprising 90% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 2.5% share of total exports. It was followed by China, with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Thailand was relatively modest. In the other countries, the average annual rates were as follows: Malaysia (+16.5% per year) and China (+13.8% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, declining by -1.5% against the previous year. In general, the export price recorded a mild shrinkage. The pace of growth appeared the most rapid in 2019 when the export price increased by 13%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the other leaders experienced a decline in the export price figures.

Crispbread Imports

Imports in Asia

In 2021, purchases abroad of crispbread increased by 23% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, crispbread imports totaled $X in 2021. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 23% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of crispbread imports in 2021 were Singapore (X tons), Myanmar (X tons), Lao People's Democratic Republic (X tons), Malaysia (X tons) and the Philippines (X tons), together resulting at 74% of total import. Turkey (X tons), the United Arab Emirates (X tons), Kazakhstan (X tons), Thailand (X tons) and Kuwait (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Malaysia (with a CAGR of +37.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crispbread importing markets in Asia were Myanmar ($X), Singapore ($X) and Lao People's Democratic Republic ($X), together comprising 49% of total imports. The Philippines, Malaysia, the United Arab Emirates, Turkey, Thailand, Kuwait and Kazakhstan lagged somewhat behind, together accounting for a further 36%.

Malaysia, with a CAGR of +34.5%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, declining by -10.2% against the previous year. In general, the import price continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2013 when the import price increased by 24%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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