Asia: Market for Flaked or Rolled Cereals 2024

Market Size for Flaked or Rolled Cereals in Asia

The Asian flaked or rolled cereal market was estimated at $X in 2022, increasing by 3.3% against the previous year. In general, consumption recorded a strong increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Flaked or Rolled Cereals in Asia

In value terms, flaked or rolled cereal production amounted to $X in 2022 estimated in export price. Over the period under review, production saw a resilient expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 32% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Flaked or Rolled Cereals

Exports in Asia

In 2022, the amount of flaked or rolled cereals exported in Asia reduced dramatically to X tons, waning by -16.6% against 2021 figures. In general, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 117% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, flaked or rolled cereal exports declined to $X in 2022. Overall, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 45% against the previous year. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

Turkey prevails in exports structure, recording X tons, which was approx. 53% of total exports in 2022. China (X tons) held a 9.7% share (based on physical terms) of total exports, which put it in second place, followed by Lao People's Democratic Republic (6.8%), India (5.9%), Pakistan (5.8%) and Kazakhstan (5.6%). Malaysia (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to flaked or rolled cereal exports from Turkey stood at +4.7%. At the same time, Lao People's Democratic Republic (+37.4%), Kazakhstan (+34.1%), Pakistan (+25.0%), India (+19.2%) and Malaysia (+2.3%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in Asia, with a CAGR of +37.4% from 2012-2022. China experienced a relatively flat trend pattern. Lao People's Democratic Republic (+6.4 p.p.), Kazakhstan (+5.1 p.p.), Pakistan (+4.7 p.p.) and India (+4.2 p.p.) significantly strengthened its position in terms of the total exports, while Turkey and China saw its share reduced by -4.3% and -8.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest flaked or rolled cereal supplying countries in Asia were Turkey ($X), China ($X) and Kazakhstan ($X), with a combined 68% share of total exports.

Kazakhstan, with a CAGR of +42.3%, recorded 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 2022, the export price in Asia amounted to $X per ton, surging by 13% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 26%. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Flaked or Rolled Cereals

Imports in Asia

In 2022, purchases abroad of flaked or rolled cereals increased by 0.7% to X tons, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 30% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, flaked or rolled cereal imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Japan (X tons) and Iraq (X tons) represented roughly 44% of total imports in 2022. Thailand (X tons) held the next position in the ranking, followed by India (X tons) and Malaysia (X tons). All these countries together took near 18% share of total imports. The following importers - Taiwan (Chinese) (X tons), Georgia (X tons), Uzbekistan (X tons), Cyprus (X tons), South Korea (X tons), Azerbaijan (X tons) and Kazakhstan (X tons) - together made up 22% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +54.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest flaked or rolled cereal importing markets in Asia were China ($X), Japan ($X) and Georgia ($X), with a combined 46% share of total imports.

China, with a CAGR of +56.7%, 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 2022, the import price in Asia amounted to $X per ton, picking up by 14% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by 16% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Georgia ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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