South-Eastern Asia: Bread And Bakery Market 2024

Bread And Bakery Market Size in South-Eastern Asia

The Southeast Asian bread and bakery market totaled $X in 2023, leveling off at the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Bread And Bakery Production in South-Eastern Asia

In value terms, bread and bakery production rose to $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 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.

Bread And Bakery Exports

Exports in South-Eastern Asia

In 2023, after two years of growth, there was decline in shipments abroad of bread and bakery, when their volume decreased by X% to X tons. Total exports indicated resilient growth 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 pace of growth was the most pronounced in 2016 with an increase of X%. The volume of export peaked at X tons in 2022, and then dropped modestly in the following year.

In value terms, bread and bakery exports shrank modestly to $X in 2023. Total exports indicated a strong increase 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 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2022, and then dropped slightly in the following year.

Exports by Country

Indonesia (X tons) and Malaysia (X tons) represented the main exporters of bread and bakery in 2023, reaching near X% and X% of total exports, respectively. Thailand (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%). The following exporters - the Philippines (X tons) and Singapore (X tons) - together made up X% of total exports.

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

In value terms, Indonesia ($X), Malaysia ($X) and Thailand ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to 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 South-Eastern Asia amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($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.

Bread And Bakery Imports

Imports in South-Eastern Asia

In 2023, after eleven years of growth, there was significant decline in purchases abroad of bread and bakery, when their volume decreased by X% to X tons. In general, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2022, and then contracted in the following year.

In value terms, bread and bakery imports fell to $X in 2023. Overall, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then dropped in the following year.

Imports by Country

In 2023, Singapore (X tons), the Philippines (X tons), Malaysia (X tons), Thailand (X tons) and Vietnam (X tons) was the major importer of bread and bakery in South-Eastern Asia, comprising X% of total import. It was distantly followed by Indonesia (X tons), generating a X% share of total imports. Cambodia (X tons) held a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bread and bakery importing markets in South-Eastern Asia were Thailand ($X), Singapore ($X) and the Philippines ($X), with a combined X% share of total imports.

The Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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, therefore, remained relatively stable against the previous year. In general, 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 reduced modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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