Eastern Asia: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in Eastern Asia

The East Asian sweet biscuit market was estimated at $X in 2022, remaining stable against the previous year. In general, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Sweet Biscuit Production in Eastern Asia

In value terms, sweet biscuit production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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Sweet Biscuit Exports

Exports in Eastern Asia

Sweet biscuit exports contracted to X tons in 2022, waning by X% on 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, sweet biscuit exports contracted rapidly to $X in 2022. Overall, exports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then fell dramatically in the following year.

Exports by Country

China represented the key exporter of sweet biscuits in Eastern Asia, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. Hong Kong SAR (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (X%) and South Korea (X%). Japan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sweet biscuit exports from China stood at X%. At the same time, South Korea (X%) and Japan (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Taiwan (Chinese) (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Hong Kong SAR ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. South Korea and Japan lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, South Korea, with a CAGR of X%, recorded the highest growth rate of 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 export price in Eastern Asia stood at $X per ton in 2022, declining by X% against the previous year. Export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sweet biscuit export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Sweet Biscuit Imports

Imports in Eastern Asia

In 2022, sweet biscuit imports in Eastern Asia dropped to X tons, shrinking by X% compared with the year before. Total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, sweet biscuit imports contracted to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China was the largest importer of sweet biscuits in Eastern Asia, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Hong Kong SAR (X tons) took the second position in the ranking, followed by South Korea (X tons) and Taiwan (Chinese) (X tons). All these countries together held near X% share of total imports. Macao SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sweet biscuit imports into China stood at X%. At the same time, South Korea (X%), Taiwan (Chinese) (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Macao SAR (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.), China (X p.p.) and Taiwan (Chinese) (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Macao SAR (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported sweet biscuits in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Macao SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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