Asia-Pacific: Crispbread Market 2024

Crispbread Market Size in Asia-Pacific

The Asia-Pacific crispbread market expanded rapidly to $X in 2021, picking up by 5.6% against the previous year. The market value increased at an average annual rate of +3.1% 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 remained at a lower figure.

Crispbread Production in Asia-Pacific

In value terms, crispbread production rose rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by 29% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Crispbread Exports

Exports in Asia-Pacific

In 2021, shipments abroad of crispbread increased by 5.5% 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 only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 17%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, crispbread exports totaled $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 12% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand prevails in exports structure, resulting at X tons, which was approx. 84% of total exports in 2021. It was distantly followed by Malaysia (X tons), generating a 7.2% share of total exports. The following exporters - Indonesia (X tons) and China (X tons) - each reached 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-Pacific, with a CAGR of +22.7% from 2012-2021. Malaysia (+5.9 p.p.) and China (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -3.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest crispbread supplier in Asia-Pacific, comprising 89% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 2.4% share of total exports. It was followed by China, with a 1.8% share.

In Thailand, crispbread exports remained relatively stable over the period from 2012-2021. 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-Pacific stood at $X per ton in 2021, waning by -2.1% against the previous year. Over the period under review, the export price saw a noticeable downturn. The most prominent rate of growth was recorded in 2019 when the export price increased by 12%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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-Pacific

In 2021, supplies from abroad of crispbread increased by 24% to X tons, rising for the second year in a row after two years of decline. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 30%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, crispbread imports amounted to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 20% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Singapore (X tons), Myanmar (X tons), Lao People's Democratic Republic (X tons), Australia (X tons), Malaysia (X tons) and the Philippines (X tons) represented the major importer of crispbread in Asia-Pacific, constituting 83% of total import. It was distantly followed by New Zealand (X tons), making up a 5.4% share of total imports. The following importers - Tonga (X tons) and Solomon Islands (X tons) - each finished at a 4.5% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Solomon Islands (with a CAGR of +41.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Myanmar ($X), Australia ($X) and Singapore ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 50% share of total imports. Lao People's Democratic Republic, the Philippines, Malaysia, New Zealand, Solomon Islands and Tonga lagged somewhat behind, together comprising a further 41%.

Among the main importing countries, Malaysia, with a CAGR of +34.5%, saw the highest rates of growth with regard to the value of imports, 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-Pacific amounted to $X per ton, dropping by -9.1% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 23%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+8.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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