Asia-Pacific: Bread And Bakery Market 2024

Bread And Bakery Market Size in Asia-Pacific

The Asia-Pacific bread and bakery market rose to $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Bread And Bakery Production in Asia-Pacific

In value terms, bread and bakery production rose modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

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Bread And Bakery Exports

Exports in Asia-Pacific

For the third consecutive year, Asia-Pacific recorded growth in shipments abroad of bread and bakery, which increased by X% to X tons in 2023. Total exports indicated prominent growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is likely to continue growth in the immediate term.

In value terms, bread and bakery exports rose to $X in 2023. Total exports indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2012 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked in 2023 and is likely to continue growth in years to come.

Exports by Country

The shipments of the five major exporters of bread and bakery, namely India, Indonesia, Malaysia, China and Thailand, represented more than two-thirds of total export. It was distantly followed by Vietnam (X tons), constituting a X% share of total exports. South Korea (X tons), Bangladesh (X tons), the Philippines (X tons), Japan (X tons), Taiwan (Chinese) (X tons), Australia (X tons) and Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Bangladesh (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest bread and bakery supplying countries in Asia-Pacific were Indonesia ($X), Malaysia ($X) and China ($X), with a combined X% share of total exports. Thailand, India, South Korea, Japan, Vietnam, Taiwan (Chinese), the Philippines, Australia, Bangladesh and Pakistan lagged somewhat behind, together comprising a further X%.

Bangladesh, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, almost unchanged from the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2022, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Bread And Bakery Imports

Imports in Asia-Pacific

In 2023, supplies from abroad of bread and bakery decreased by X% to X tons, falling for the second consecutive year after four years of growth. Total imports indicated a strong increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2016 with an increase of X%. The volume of import peaked at X tons in 2021; afterwards, it flattened through to 2023.

In value terms, bread and bakery imports contracted slightly to $X in 2023. Total imports indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then fell slightly in the following year.

Imports by Country

In 2023, Australia (X tons) and China (X tons) were the largest importers of bread and bakery in Asia-Pacific, together finishing at near X% of total imports. Hong Kong SAR (X tons) took the next position in the ranking, followed by Singapore (X tons), Japan (X tons), the Philippines (X tons), South Korea (X tons), Malaysia (X tons), Thailand (X tons) and Vietnam (X tons). All these countries together took approx. X% share of total imports. The following importers - New Zealand (X tons), Afghanistan (X tons) and Taiwan (Chinese) (X tons) - each accounted for an X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Afghanistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bread and bakery importing markets in Asia-Pacific were China ($X), Australia ($X) and Japan ($X), together accounting for X% of total imports. Hong Kong SAR, South Korea, Thailand, Singapore, the Philippines, Vietnam, Malaysia, New Zealand, Taiwan (Chinese) and Afghanistan lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, recorded 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 2023, the import price in Asia-Pacific amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price, however, saw a modest expansion. The growth pace was the most rapid in 2017 an increase of X%. The level of import peaked at $X per ton in 2022, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2023, 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