Eastern Asia: Bread And Bakery Market Overview 2020

Bread And Bakery Market Size in Eastern Asia

For the fourth year in a row, the East Asian bread and bakery market recorded growth in sales value, which increased by X% to $X in 2019. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, the market reached the peak level in 2019 and is expected to retain growth in the immediate term.

Bread And Bakery Production in Eastern Asia

In value terms, bread and bakery production expanded sharply to $X in 2019 estimated in export prices. The total production indicated a strong increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2007 indices. The growth pace was the most rapid in 2008 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs in 2019 and is expected to retain growth in years to come.

Production By Country in Eastern Asia

China (X tonnes) constituted the country with the largest volume of bread and bakery production, comprising approx. X% of total volume. Moreover, bread and bakery production in China exceeded the figures recorded by the second-largest producer, South Korea (X tonnes), more than tenfold. The third position in this ranking was occupied by Japan (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume in China stood at +X%. The remaining producing countries recorded the following average annual rates of production growth: South Korea (-X% per year) and Japan (+X% per year).

Bread And Bakery Exports

Exports in Eastern Asia

In 2019, the amount of bread and bakery exported in Eastern Asia dropped modestly to X tonnes, falling by -X% compared with 2018 figures. Total exports indicated a measured increase from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. The volume of export peaked at X tonnes in 2018, and then fell modestly in the following year.

In value terms, bread and bakery exports rose notably to $X in 2019. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Over the period under review, exports hit record highs in 2019 and are likely to continue growth in the near future.

Exports by Country

China represented the key exporter of bread and bakery in Eastern Asia, with the volume of exports amounting to X tonnes, which was approx. X% of total exports in 2019. It was distantly followed by South Korea (X tonnes), China, Hong Kong SAR (X tonnes), Taiwan, Chinese (X tonnes) and Japan (X tonnes), together generating a X% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of bread and bakery. At the same time, Taiwan, Chinese (+X%), China, Hong Kong SAR (+X%), South Korea (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, Taiwan, Chinese emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +X% from 2007-2019. From 2007 to 2019, the share of China, Hong Kong SAR, South Korea, Taiwan, Chinese, Japan and China increased by +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and China, Hong Kong SAR ($X) were the countries with the highest levels of exports in 2019, with a combined X% share of total exports. South Korea and Taiwan, Chinese lagged somewhat behind, together comprising a further X terms of the main exporting countries, Taiwan, Chinese 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

In 2019, the bread and bakery export price in Eastern Asia amounted to $X per tonne, rising by X% against the previous year. Export price indicated a buoyant increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, bread and bakery export price increased by +X% against 2012 indices. The pace of growth was the most pronounced in 2008 when the export price increased by X% y-o-y. Over the period under review, export prices attained the maximum in 2019 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Japan ($X per tonne), while China ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Bread And Bakery Imports

Imports in Eastern Asia

In 2019, approx. X tonnes of bread and bakery were imported in Eastern Asia; growing by X% on 2018. Overall, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. The volume of import peaked in 2019 and is likely to continue growth in the near future.

In value terms, bread and bakery imports expanded rapidly to $X in 2019. In general, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. The level of import peaked in 2019 and is likely to see gradual growth in the immediate term.

Imports by Country

The countries with the highest levels of bread and bakery imports in 2019 were China (X tonnes), Japan (X tonnes), China, Hong Kong SAR (X tonnes) and South Korea (X tonnes), together recording X% of total import. It was distantly followed by Taiwan, Chinese (X tonnes), constituting an X% share of total imports. China, Macao SAR (X tonnes) followed a long way behind the leaders.

From 2007 to 2019, the biggest increases were in China, while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), China, Hong Kong SAR ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2019, together accounting for X% of total imports.

China 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 2019, the bread and bakery import price in Eastern Asia amounted to $X per tonne, with a decrease of -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2013 when the import price increased by X% year-to-year. Over the period under review, import prices hit record highs at $X per tonne in 2018, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was China ($X per tonne), while China, Macao SAR ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bread and bakery in Eastern Asia?

+

China (50M tonnes) remains the largest bread and bakery consuming country in Eastern Asia, accounting for 88% of total volume. Moreover, bread and bakery consumption in China exceeded the figures recorded by the second-largest consumer, South Korea (2.2M tonnes), more than tenfold. Japan (1.8M tonnes) ranked third in terms of total consumption with a 3.2% share.

What are the largest producers of bread and bakery in Eastern Asia?

+

China (50M tonnes) remains the largest bread and bakery producing country in Eastern Asia, comprising approx. 88% of total volume. Moreover, bread and bakery production in China exceeded the figures recorded by the second-largest producer, South Korea (2.2M tonnes), more than tenfold. Japan (1.7M tonnes) ranked third in terms of total production with a 3% share.

What are the leading exporters of bread and bakery in Eastern Asia?

+

In value terms, the largest bread and bakery supplying countries in Eastern Asia were China ($431M), Japan ($330M) and China, Hong Kong SAR ($298M), with a combined 67% share of total exports. These countries were followed by South Korea and Taiwan, Chinese, which together accounted for a further 33%.

What are the leading importers of bread and bakery in Eastern Asia?

+

In value terms, the largest bread and bakery importing markets in Eastern Asia were China ($853M), China, Hong Kong SAR ($469M) and Japan ($427M), with a combined 75% share of total imports.

What is the average export price for bread and bakery in Eastern Asia?

+

In 2019, the bread and bakery export price in Eastern Asia amounted to $4,711 per tonne, surging by 9.1% against the previous year.

What is the average import price for bread and bakery in Eastern Asia?

+

In 2019, the bread and bakery import price in Eastern Asia amounted to $3,664 per tonne, dropping by -4.1% against the previous year.