South-Eastern Asia: Sweet Biscuit Market 2023

Sweet Biscuit Market Size in South-Eastern Asia

The Southeast Asian sweet biscuit market contracted to $X in 2021, with a decrease of -3.6% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Sweet Biscuit Production in South-Eastern Asia

In value terms, sweet biscuit production reduced modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 20%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Sweet Biscuit Exports

Exports in South-Eastern Asia

Sweet biscuit exports totaled X tons in 2021, picking up by 8.7% compared with the previous year's figure. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +96.3% against 2012 indices. The growth pace was the most rapid in 2016 with an increase of 19% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, sweet biscuit exports rose sharply to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 26%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Indonesia represented the major exporter of sweet biscuits in South-Eastern Asia, with the volume of exports reaching X tons, which was near 55% of total exports in 2021. It was distantly followed by Malaysia (X tons) and Thailand (X tons), together achieving a 38% share of total exports. Singapore (X tons) and Vietnam (X tons) followed a long way behind the leaders.

Exports from Indonesia increased at an average annual rate of +10.5% from 2012 to 2021. At the same time, Thailand (+23.5%), Vietnam (+8.0%), Malaysia (+2.4%) and Singapore (+1.2%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +23.5% from 2012-2021. Indonesia (+11 p.p.) and Thailand (+9.4 p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Malaysia saw its share reduced by -3.1% and -14.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sweet biscuit supplying countries in South-Eastern Asia were Indonesia ($X), Malaysia ($X) and Thailand ($X), with a combined 89% share of total exports.

Thailand, with a CAGR of +19.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 South-Eastern Asia stood at $X per ton in 2021, surging by 1.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2013 an increase of 20% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+4.8%), while the other leaders experienced mixed trends in the export price figures.

Sweet Biscuit Imports

Imports in South-Eastern Asia

In 2021, sweet biscuit imports in South-Eastern Asia expanded rapidly to X tons, picking up by 9.8% on the previous year. Overall, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by 21%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, sweet biscuit imports surged to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +100.5% against 2012 indices. The growth pace was the most rapid in 2014 with an increase of 17%. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

Malaysia (X tons), Thailand (X tons), Vietnam (X tons), Singapore (X tons) and the Philippines (X tons) represented roughly 82% of total imports in 2021. Indonesia (X tons) held the next position in the ranking, followed by Myanmar (X tons). All these countries together took approx. 13% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Myanmar (with a CAGR of +31.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Malaysia ($X) and Singapore ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 57% of total imports. Thailand, the Philippines, Indonesia and Myanmar lagged somewhat behind, together accounting for a further 38%.

In terms of the main importing countries, Myanmar, with a CAGR of +26.3%, 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 2021, the import price in South-Eastern Asia amounted to $X per ton, increasing by 5.4% against the previous year. Over the period under review, the import price, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2018 an increase of 6.6% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+0.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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