ASEAN: Cereal Flour Market 2024

Cereal Flour Market Size in ASEAN

The ASEAN cereal flour market expanded slightly to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Cereal Flour Production in ASEAN

In value terms, cereal flour production expanded to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Cereal Flour Exports

Exports in ASEAN

In 2022, the amount of cereal flours exported in ASEAN dropped modestly to X tons, stabilizing at the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, cereal flour exports stood at $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Vietnam (X tons) and Thailand (X tons) represented the largest exporters of cereal flours in 2022, recording near X% and X% of total exports, respectively. Myanmar (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%), Singapore (X%) and Malaysia (X%).

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest cereal flour supplying countries in ASEAN were Thailand ($X), Vietnam ($X) and Singapore ($X), with a combined X% share of total exports. Myanmar, Indonesia and Malaysia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Myanmar, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the export price figures.

Cereal Flour Imports

Imports in ASEAN

In 2022, after four years of decline, there was significant growth in overseas purchases of cereal flours, when their volume increased by X% to X tons. Overall, imports, however, continue to indicate a deep contraction. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, cereal flour imports soared to $X in 2022. In general, imports, however, saw a deep slump. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of cereal flours, namely Thailand, Singapore and Malaysia, represented more than two-thirds of total import. The Philippines (X tons) held the next position in the ranking, followed by Indonesia (X tons). All these countries together took near X% share of total imports. Myanmar (X tons), Vietnam (X tons) and Brunei Darussalam (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest cereal flour importing markets in ASEAN were Thailand ($X), Malaysia ($X) and Singapore ($X), together accounting for X% of total imports. The Philippines, Indonesia, Myanmar, Brunei Darussalam and Vietnam lagged somewhat behind, together accounting for a further X%.

Myanmar, 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 mixed trends in the imports figures.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, 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