Asia-Pacific: Market for Fresh Bread and Miscellaneous Bakery 2024

Market Size for Fresh Bread and Miscellaneous Bakery in Asia-Pacific

The Asia-Pacific market for fresh bread and miscellaneous bakery rose 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 relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Fresh Bread and Miscellaneous Bakery in Asia-Pacific

In value terms, fresh bread and miscellaneous bakery production expanded 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 remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Exports of Fresh Bread and Miscellaneous Bakery

Exports in Asia-Pacific

Fresh bread and miscellaneous bakery exports stood at X tons in 2023, leveling off at the previous year. Total exports indicated buoyant growth from 2012 to 2023: its volume 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 growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2023 and are likely to see gradual growth in the near future.

In value terms, fresh bread and miscellaneous bakery exports amounted to $X in 2023. Total exports indicated a buoyant 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 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

Malaysia (X tons) and China (X tons) represented roughly X% of total exports in 2023. Vietnam (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by India (X%), Thailand (X%), Indonesia (X%) and South Korea (X%). The following exporters - Japan (X tons), Taiwan (Chinese) (X tons), the Philippines (X tons), Australia (X tons), Hong Kong SAR (X tons) and New Zealand (X tons) - together made up X% of total exports.

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

In value terms, the largest fresh bread and miscellaneous bakery supplying countries in Asia-Pacific were Malaysia ($X), China ($X) and Hong Kong SAR ($X), with a combined X% share of total exports. Japan, South Korea, Thailand, Vietnam, Indonesia, Taiwan (Chinese), India, the Philippines, New Zealand and Australia lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, 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 Asia-Pacific stood at $X per ton in 2023, almost unchanged from the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the export prices hit record highs in 2023 and is expected to retain growth in the near future.

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 Hong Kong SAR ($X per ton), while India ($X per ton) was amongst the lowest.

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

Imports of Fresh Bread and Miscellaneous Bakery

Imports in Asia-Pacific

In 2023, overseas purchases of fresh bread and miscellaneous bakery decreased by X% to X tons, falling for the second consecutive year after four years of growth. 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 in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the maximum 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 reduced to $X in 2023. Total imports indicated a resilient expansion 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 increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2022, and then contracted in the following year.

Imports by Country

In 2023, Australia (X tons), followed by Japan (X tons), Hong Kong SAR (X tons), Singapore (X tons), South Korea (X tons), China (X tons) and Malaysia (X tons) were the major importers of fresh bread and miscellaneous bakery, together comprising X% of total imports. New Zealand (X tons), Vietnam (X tons), Thailand (X tons), the Philippines (X tons), Taiwan (Chinese) (X tons) and Indonesia (X tons) took a relatively small share of total imports.

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

In value terms, Australia ($X), China ($X) and Japan ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Hong Kong SAR, South Korea, Singapore, New Zealand, Thailand, Taiwan (Chinese), Vietnam, Malaysia, the Philippines and Indonesia lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, saw the highest growth rate of 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 Asia-Pacific stood at $X per ton in 2023, waning by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

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