Asia: Gingerbread Market 2024

Gingerbread Market Size in Asia

The Asian gingerbread market contracted slightly to $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Gingerbread Production in Asia

In value terms, gingerbread production reduced slightly to $X in 2022 estimated in export price. The total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -21.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 47% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Gingerbread Exports

Exports in Asia

In 2022, overseas shipments of gingerbread increased by 11% to X tons, rising for the third consecutive year after two years of decline. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 58%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, gingerbread exports reached $X in 2022. Total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.6% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 47%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

Thailand (X tons) and Japan (X tons) represented roughly 47% of total exports in 2022. It was distantly followed by Cyprus (X tons), Bangladesh (X tons), Vietnam (X tons) and Indonesia (X tons), together generating a 31% share of total exports. Sri Lanka (X tons), the Philippines (X tons), Malaysia (X tons), Turkey (X tons), Taiwan (Chinese) (X tons) and Myanmar (X tons) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Bangladesh (with a CAGR of +43.7%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest gingerbread supplier in Asia, comprising 50% of total exports. The second position in the ranking was taken by Thailand ($X), with a 17% share of total exports. It was followed by Cyprus, with a 7.3% share.

In Japan, gingerbread exports expanded at an average annual rate of +30.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (-4.9% per year) and Cyprus (+3.6% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, dropping by -6.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2018 an increase of 16%. The level of export peaked at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.2%), while the other leaders experienced more modest paces of growth.

Gingerbread Imports

Imports in Asia

In 2022, gingerbread imports in Asia contracted notably to X tons, falling by -36.6% compared with the year before. Overall, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 88%. As a result, imports reached the peak of X tons, and then declined sharply in the following year.

In value terms, gingerbread imports dropped to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.4% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 52%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

Kazakhstan (X tons) and Cyprus (X tons) represented roughly 46% of total imports in 2022. Azerbaijan (X tons) took the next position in the ranking, followed by Saudi Arabia (X tons). All these countries together held approx. 11% share of total imports. Lao People's Democratic Republic (X tons), Kuwait (X tons), Malaysia (X tons), Kyrgyzstan (X tons), Singapore (X tons), Mongolia (X tons), Israel (X tons), Uzbekistan (X tons) and Iraq (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 key importing countries, was attained by Lao People's Democratic Republic (with a CAGR of +67.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gingerbread importing markets in Asia were Cyprus ($X), Kazakhstan ($X) and Lao People's Democratic Republic ($X), together accounting for 46% of total imports.

Lao People's Democratic Republic, with a CAGR of +69.0%, saw the highest growth rate of the value of imports, in terms of 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 2022, the import price in Asia amounted to $X per ton, surging by 42% against the previous year. Over the period under review, the import price, however, recorded a noticeable descent. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Israel ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+10.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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