China: Bread And Bakery Market 2024

Bread And Bakery Market Size in China

The Chinese bread and bakery market rose slightly to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Bread And Bakery Production in China

In value terms, bread and bakery production expanded to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Bread And Bakery Exports

Exports from China

For the third consecutive year, China recorded growth in overseas shipments of bread and bakery, which increased by X% to X tons in 2023. Over the period under review, total exports indicated strong 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. Based on 2023 figures, exports increased by X% against 2015 indices. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in the immediate term.

In value terms, bread and bakery exports rose remarkably to $X in 2023. In general, total exports indicated prominent 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, exports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see steady growth in years to come.

Exports by Country

Hong Kong SAR (X tons), Japan (X tons) and Vietnam (X tons) were the main destinations of bread and bakery exports from China, together accounting for X% of total exports.

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

In value terms, Hong Kong SAR ($X), Japan ($X) and Vietnam ($X) appeared to be the largest markets for bread and bakery exported from China worldwide, with a combined X% share of total exports.

Among the main countries of destination, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bread and bakery export price stood at $X per ton in 2023, reducing by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2022, and then shrank slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bread And Bakery Imports

Imports into China

Bread and bakery imports into China stood at X tons in 2023, leveling off at 2022. Over the period under review, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of X tons. From 2017 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, bread and bakery imports fell modestly to $X in 2023. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Indonesia (X tons) constituted the largest bread and bakery supplier to China, accounting for a X% share of total imports. Moreover, bread and bakery imports from Indonesia exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fivefold. The third position in this ranking was held by Malaysia (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Malaysia (X% per year).

In value terms, Hong Kong SAR ($X), Indonesia ($X) and Thailand ($X) were the largest bread and bakery suppliers to China, with a combined X% share of total imports. Japan, Malaysia, South Korea, Vietnam, Denmark, Germany, Italy, Belgium, Russia and Turkey lagged somewhat behind, together comprising a further X%.

Russia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average bread and bakery import price amounted to $X per ton, almost unchanged from the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then shrank slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform