South-Eastern Asia: Market for Fresh Bread and Miscellaneous Bakery 2024

Market Size for Fresh Bread and Miscellaneous Bakery in South-Eastern Asia

The Southeast Asian market for fresh bread and miscellaneous bakery stood at $X in 2023, almost unchanged from the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Fresh Bread and Miscellaneous Bakery in South-Eastern Asia

In value terms, fresh bread and miscellaneous bakery production amounted to $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Fresh Bread and Miscellaneous Bakery

Exports in South-Eastern Asia

In 2023, after two years of growth, there was decline in shipments abroad of fresh bread and miscellaneous bakery, when their volume decreased by X% to X tons. Total exports indicated a resilient increase 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. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2022, and then contracted modestly in the following year.

In value terms, fresh bread and miscellaneous bakery exports stood at $X in 2023. Over the period under review, exports, however, posted a resilient expansion. 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 attained the peak figure in 2023 and are likely to continue growth in years to come.

Exports by Country

Malaysia represented the main exporter of fresh bread and miscellaneous bakery in South-Eastern Asia, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. Vietnam (X tons) ranks second in terms of the total exports with a X% share, followed by Thailand (X%), Indonesia (X%) and the Philippines (X%). Singapore (X tons) followed a long way behind the leaders.

Exports from Malaysia increased at an average annual rate of X% from 2012 to 2023. At the same time, Thailand (X%), Indonesia (X%), Vietnam (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Thailand and Indonesia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest fresh bread and miscellaneous bakery supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with an 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 Malaysia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Thailand ($X per ton) and the Philippines ($X per ton), while Indonesia ($X per ton) and Singapore ($X per ton) were 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.

Imports of Fresh Bread and Miscellaneous Bakery

Imports in South-Eastern Asia

In 2023, purchases abroad of fresh bread and miscellaneous bakery decreased by X% to X tons, falling for the second consecutive year after eight years of growth. Overall, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, fresh bread and miscellaneous bakery imports fell to $X in 2023. In general, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2022, and then shrank in the following year.

Imports by Country

In 2023, Singapore (X tons) represented the largest importer of fresh bread and miscellaneous bakery, achieving X% of total imports. Malaysia (X tons) held the second position in the ranking, followed by Vietnam (X tons), Thailand (X tons), the Philippines (X tons) and Indonesia (X tons). All these countries together took near X% share of total imports. Lao People's Democratic Republic (X tons) held a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to fresh bread and miscellaneous bakery imports into Singapore stood at X%. At the same time, Lao People's Democratic Republic (X%), Vietnam (X%), Malaysia (X%), Thailand (X%), the Philippines (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Malaysia, Vietnam, Lao People's Democratic Republic and Thailand increased by X, X, X and X percentage points, respectively.

In value terms, Singapore ($X), Thailand ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Malaysia, the Philippines, Indonesia and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.

Lao People's Democratic Republic, with a CAGR of X%, saw the highest rates of growth with regard to 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

The import price in South-Eastern Asia stood at $X per ton in 2023, dropping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Malaysia ($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