Asia-Pacific: Breakfast Cereal Market 2022

Breakfast Cereal Market Size in Asia-Pacific

The Asia-Pacific breakfast cereal market amounted to $X in 2021, remaining constant against the previous year. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +X% 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 -X% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Breakfast Cereal Production in Asia-Pacific

In value terms, breakfast cereal production reached $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Breakfast Cereal Exports

Exports in Asia-Pacific

Breakfast cereal exports surged to X tons in 2021, with an increase of X% compared with the year before. The total export volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, breakfast cereal exports soared to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) and Thailand (X tons) represented the major exporters of breakfast cereals in 2021, amounting to approx. X% and X% of total exports, respectively. It was distantly followed by Australia (X tons), India (X tons), South Korea (X tons) and Malaysia (X tons), together making up a X% share of total exports. Japan (X tons) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Japan (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest breakfast cereal supplying countries in Asia-Pacific were China ($X), Thailand ($X) and South Korea ($X), together accounting for X% of total exports. Australia, Japan, Malaysia and India lagged somewhat behind, together comprising a further X, with a CAGR of +X%, saw 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

The export price in Asia-Pacific stood at $X per ton in 2021, rising by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

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

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

Breakfast Cereal Imports

Imports in Asia-Pacific

In 2021, breakfast cereal imports in Asia-Pacific surged to X tons, jumping by X% compared with the previous year's figure. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2012 indices. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, breakfast cereal imports soared to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +X% 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 +X% against 2012 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

China represented the main importer of breakfast cereals in Asia-Pacific, with the volume of imports finishing at X tons, which was near X% of total imports in 2021. It was distantly followed by the Philippines (X tons), Australia (X tons), South Korea (X tons), New Zealand (X tons) and Thailand (X tons), together mixing up a X% share of total imports. The following importers - Japan (X tons), Malaysia (X tons), Hong Kong SAR (X tons), Singapore (X tons), Indonesia (X tons), Taiwan (Chinese) (X tons) and Vietnam (X tons) - together made up X% of total imports.

From 2012 to 2021, average annual rates of growth with regard to breakfast cereal imports into China stood at +X%. At the same time, the Philippines (+X%), Vietnam (+X%), Australia (+X%), Japan (+X%), South Korea (+X%), Indonesia (+X%), Thailand (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +X% from 2012-2021. Taiwan (Chinese) and New Zealand experienced a relatively flat trend pattern. By contrast, Singapore (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and the Philippines increased by +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Australia ($X) and the Philippines ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined X% share of total imports.

In terms of the main importing countries, the Philippines, with a CAGR of +X%, 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

The import price in Asia-Pacific stood at $X per ton in 2021, dropping by -X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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