Asia-Pacific: Non-Wheat Flour Market 2024

Non-Wheat Flour Market Size in Asia-Pacific

The Asia-Pacific non-wheat flour market expanded notably to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Non-Wheat Flour Production in Asia-Pacific

In value terms, non-wheat flour production expanded significantly 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 consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Non-Wheat Flour Exports

Exports in Asia-Pacific

In 2023, after seven years of growth, there was significant decline in overseas shipments of non-wheat flours, when their volume decreased by X% to X tons. Total exports indicated pronounced growth from 2012 to 2023: its volume 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. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports attained the peak of X tons, and then contracted in the following year.

In value terms, non-wheat flour exports dropped to $X in 2023. Total exports indicated a perceptible increase 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, exports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then dropped in the following year.

Exports by Country

Thailand represented the key exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by India (X tons), committing a X% share of total exports. The following exporters - Vietnam (X tons), Australia (X tons), Myanmar (X tons), Hong Kong SAR (X tons) and Lao People's Democratic Republic (X tons) - together made up X% of total exports.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2023. At the same time, Lao People's Democratic Republic (X%), Vietnam (X%), Australia (X%), India (X%) and Myanmar (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), Vietnam (X p.p.) and Australia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Hong Kong SAR (X p.p.) and Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest non-wheat flour supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Thailand stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, rising by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Hong Kong SAR ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Non-Wheat Flour Imports

Imports in Asia-Pacific

In 2023, the amount of non-wheat flours imported in Asia-Pacific declined to X tons, falling by X% on the previous year's figure. Total imports indicated perceptible 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. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, non-wheat flour imports reduced to $X in 2023. Total imports indicated tangible 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. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then fell in the following year.

Imports by Country

The countries with the highest levels of non-wheat flour imports in 2023 were China (X tons), Malaysia (X tons), the Philippines (X tons), Australia (X tons), South Korea (X tons), Thailand (X tons), Hong Kong SAR (X tons), New Zealand (X tons), Taiwan (Chinese) (X tons), Singapore (X tons), Lao People's Democratic Republic (X tons) and Cambodia (X tons), together finishing at X% of total import.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-wheat flour importing markets in Asia-Pacific were China ($X), Malaysia ($X) and Australia ($X), with a combined X% share of total imports. The Philippines, Hong Kong SAR, Thailand, New Zealand, South Korea, Taiwan (Chinese), Singapore, Lao People's Democratic Republic and Cambodia lagged somewhat behind, together comprising a further X%.

Among the main importing countries, the Philippines, with a CAGR of X%, 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 2023, the import price in Asia-Pacific amounted to $X per ton, approximately mirroring the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while South Korea ($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