Asia: Mixes And Doughs Market 2024

Mixes And Doughs Market Size in Asia

The Asian mixes and doughs market reduced to $X in 2022, falling by -1.8% against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Mixes And Doughs Production in Asia

In value terms, mixes and doughs production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 13% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Mixes And Doughs Exports

Exports in Asia

In 2022, shipments abroad of mixes and doughs decreased by -11.8% to X tons for the first time since 2016, thus ending a five-year rising trend. The total export volume increased at an average annual rate of +1.2% 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 2018 when exports increased by 13% against the previous year. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, mixes and doughs exports shrank to $X in 2022. The total export value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 11%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

In 2022, Singapore (X tons), distantly followed by South Korea (X tons), the United Arab Emirates (X tons), China (X tons), Thailand (X tons), Malaysia (X tons) and Turkey (X tons) were the major exporters of mixes and doughs, together constituting 81% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +7.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), the United Arab Emirates ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 54% of total exports.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of +8.5%, 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

The export price in Asia stood at $X per ton in 2022, surging by 4.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2021 when the export price increased by 8.9% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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 the United Arab Emirates ($X per ton), while South Korea ($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 more modest paces of growth.

Mixes And Doughs Imports

Imports in Asia

In 2022, purchases abroad of mixes and doughs decreased by -8.3% to X tons for the first time since 2011, thus ending a ten-year rising trend. Total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.9% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, mixes and doughs imports reduced slightly to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.6% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. As a result, imports reached the peak of $X, and then dropped modestly in the following year.

Imports by Country

Japan (X tons), South Korea (X tons), Saudi Arabia (X tons), China (X tons) and the United Arab Emirates (X tons) represented roughly 56% of total imports in 2022. It was distantly followed by Hong Kong SAR (X tons), generating a 5.1% share of total imports. Taiwan (Chinese) (X tons), Malaysia (X tons), the Philippines (X tons), Indonesia (X tons), Singapore (X tons), Kuwait (X tons) and Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +18.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Saudi Arabia ($X) were the countries with the highest levels of imports in 2022, together comprising 45% of total imports. China, the United Arab Emirates, Hong Kong SAR, Singapore, Malaysia, Taiwan (Chinese), Indonesia, Kuwait, Thailand and the Philippines lagged somewhat behind, together comprising a further 41%.

China, with a CAGR of +16.3%, saw the highest growth rate of the value of imports, among 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, growing by 7.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Japan ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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