Asia: Market for Fresh Bread and Miscellaneous Bakery 2024

Market Size for Fresh Bread and Miscellaneous Bakery in Asia

The Asian market for fresh bread and miscellaneous bakery expanded to $X in 2023, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Fresh Bread and Miscellaneous Bakery in Asia

In value terms, fresh bread and miscellaneous bakery production rose modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Exports of Fresh Bread and Miscellaneous Bakery

Exports in Asia

In 2023, approx. X tons of fresh bread and miscellaneous bakery were exported in Asia; increasing by X% against the previous year. The total export volume 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 throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in the near future.

In value terms, fresh bread and miscellaneous bakery exports totaled $X in 2023. Total exports indicated a buoyant expansion 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 2012 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked in 2023 and is likely to see steady growth in the immediate term.

Exports by Country

The shipments of the three major exporters of fresh bread and miscellaneous bakery, namely Turkey, Malaysia and China, represented more than third of total export. It was distantly followed by Vietnam (X tons), India (X tons), Thailand (X tons), Indonesia (X tons), Saudi Arabia (X tons) and South Korea (X tons), together making up a X% share of total exports. Japan (X tons), Taiwan (Chinese) (X tons), Oman (X tons) and Israel (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Oman (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Turkey ($X) and China ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Japan, South Korea, Thailand, Vietnam, Saudi Arabia, Indonesia, Taiwan (Chinese), India, Israel and Oman lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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

In 2023, the export price in Asia amounted to $X per ton, approximately equating the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Imports of Fresh Bread and Miscellaneous Bakery

Imports in Asia

In 2023, approx. X tons of fresh bread and miscellaneous bakery were imported in Asia; picking up by X% against the year before. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, fresh bread and miscellaneous bakery imports rose slightly to $X in 2023. Total imports indicated a resilient increase from 2012 to 2023: its value 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, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

The countries with the highest levels of fresh bread and miscellaneous bakery imports in 2023 were Iraq (X tons), Japan (X tons), Hong Kong SAR (X tons), Singapore (X tons), South Korea (X tons), the United Arab Emirates (X tons), China (X tons), Kazakhstan (X tons), Saudi Arabia (X tons), Yemen (X tons), Malaysia (X tons) and Israel (X tons), together reaching X% of total import. Oman (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Israel (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fresh bread and miscellaneous bakery importing markets in Asia were China ($X), Japan ($X) and Hong Kong SAR ($X), with a combined X% share of total imports. South Korea, the United Arab Emirates, Iraq, Singapore, Saudi Arabia, Israel, Kazakhstan, Oman, Malaysia and Yemen lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Israel, with a CAGR of X%, 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

The import price in Asia stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then shrank modestly in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform