ASEAN: Crispbread Market 2024

Crispbread Market Size in ASEAN

The ASEAN crispbread market expanded remarkably to $X in 2021, surging by 8.9% against the previous year. The total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.8% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Crispbread Production in ASEAN

In value terms, crispbread production expanded sharply to $X in 2021 estimated in export price. The total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.3% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 36%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Crispbread Exports

Exports in ASEAN

In 2021, overseas shipments of crispbread increased by 6.1% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 15% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, crispbread exports rose modestly to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 11%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand dominates exports structure, recording X tons, which was approx. 88% of total exports in 2021. It was distantly followed by Malaysia (X tons), creating a 7.6% share of total exports. Indonesia (X tons) followed a long way behind the leaders.

Exports from Thailand increased at an average annual rate of +1.4% from 2012 to 2021. At the same time, Malaysia (+22.7%) and Indonesia (+1.9%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +22.7% from 2012-2021. While the share of Malaysia (+6.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Thailand (-4.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest crispbread supplier in ASEAN, comprising 94% of total exports. The second position in the ranking was held by Malaysia ($X), with a 2.6% share of total exports.

In Thailand, crispbread exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+16.5% per year) and Indonesia (-0.8% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, waning by -2.6% against the previous year. Overall, the export price recorded a noticeable curtailment. The growth pace was the most rapid in 2019 an increase of 14% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-1.7%), while the other leaders experienced a decline in the export price figures.

Crispbread Imports

Imports in ASEAN

In 2021, overseas purchases of crispbread increased by 22% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 35% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, crispbread imports expanded remarkably to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 27% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Singapore (X tons), Myanmar (X tons), Lao People's Democratic Republic (X tons), Malaysia (X tons) and the Philippines (X tons) represented roughly 96% of total imports in 2021. Thailand (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +37.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Myanmar ($X), Singapore ($X) and Lao People's Democratic Republic ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 67% of total imports. These countries were followed by the Philippines, Malaysia and Thailand, which together accounted for a further 31%.

Malaysia, with a CAGR of +34.5%, recorded the highest rates of growth with regard to 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

In 2021, the import price in ASEAN amounted to $X per ton, falling by -11.4% against the previous year. Over the period under review, the import price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 29%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform