ASEAN: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in ASEAN

The ASEAN sweet biscuit market shrank slightly to $X in 2021, which is down by -3.7% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Sweet Biscuit Production in ASEAN

In value terms, sweet biscuit production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 20% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Sweet Biscuit Exports

Exports in ASEAN

In 2021, approx. X tons of sweet biscuits were exported in ASEAN; picking up by 8.7% against the previous year's figure. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +96.3% against 2012 indices. The pace of growth was the most pronounced in 2016 with an increase of 19% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, sweet biscuit exports rose rapidly to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +9.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 26%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Indonesia represented the largest exporting country with an export of around X tons, which reached 55% of total exports. Malaysia (X tons) held the second position in the ranking, distantly followed by Thailand (X tons). All these countries together took approx. 38% share of total exports. Singapore (X tons) and Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to sweet biscuit exports from Indonesia stood at +10.5%. At the same time, Thailand (+23.5%), Vietnam (+8.0%), Malaysia (+2.4%) and Singapore (+1.2%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +23.5% from 2012-2021. From 2012 to 2021, the share of Indonesia and Thailand increased by +11 and +9.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sweet biscuit supplying countries in ASEAN were Indonesia ($X), Malaysia ($X) and Thailand ($X), with a combined 89% share of total exports.

Among the main exporting countries, Thailand, with a CAGR of +19.8%, recorded the highest rates of growth with regard to 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 2021, the export price in ASEAN amounted to $X per ton, surging by 1.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2013 an increase of 20%. Over the period under review, the export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+4.8%), while the other leaders experienced mixed trends in the export price figures.

Sweet Biscuit Imports

Imports in ASEAN

For the tenth year in a row, ASEAN recorded growth in supplies from abroad of sweet biscuits, which increased by 9.1% to X tons in 2021. Overall, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 21% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, sweet biscuit imports skyrocketed to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +99.7% against 2012 indices. The most prominent rate of growth was recorded in 2014 with an increase of 17%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

The countries with the highest levels of sweet biscuit imports in 2021 were Malaysia (X tons), Thailand (X tons), Vietnam (X tons), Singapore (X tons) and the Philippines (X tons), together accounting for 83% of total import. Indonesia (X tons) took the next position in the ranking, followed by Myanmar (X tons). All these countries together held approx. 14% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +31.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Malaysia ($X) and Singapore ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 58% of total imports. Thailand, the Philippines, Indonesia and Myanmar lagged somewhat behind, together comprising a further 39%.

In terms of the main importing countries, Myanmar, with a CAGR of +26.3%, recorded the highest growth rate of 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

In 2021, the import price in ASEAN amounted to $X per ton, with an increase of 5.6% against the previous year. In general, the import price, however, continues to indicate a perceptible reduction. The growth pace was the most rapid in 2018 when the import price increased by 6.7%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+0.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform