Asia-Pacific: Cereal Flour Market 2024

Cereal Flour Market Size in Asia-Pacific

The Asia-Pacific cereal flour market amounted to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Cereal Flour Production in Asia-Pacific

In value terms, cereal flour production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Cereal Flour Exports

Exports in Asia-Pacific

Cereal flour exports surged to X tons in 2022, with an increase of X% on 2021. Over the period under review, exports, however, continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cereal flour exports surged to $X in 2022. In general, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India represented the major exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Vietnam (X tons), Thailand (X tons), Japan (X tons) and China (X tons), together committing a X% share of total exports. Sri Lanka (X tons), Myanmar (X tons), Indonesia (X tons), Singapore (X tons), Malaysia (X tons) and South Korea (X tons) held a little share of total exports.

Exports from India increased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%), South Korea (X%), Vietnam (X%), Indonesia (X%), Thailand (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Malaysia experienced a relatively flat trend pattern. By contrast, Japan (X%), China (X%) and Sri Lanka (X%) illustrated a downward trend over the same period. India (X p.p.), Vietnam (X p.p.), Thailand (X p.p.) and Myanmar (X p.p.) significantly strengthened its position in terms of the total exports, while Sri Lanka and China saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Thailand ($X) and Vietnam ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports. Japan, China, Singapore, Myanmar, Sri Lanka, Indonesia, Malaysia and South Korea lagged somewhat behind, together accounting for a further X%.

Myanmar, 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

In 2022, the export price in Asia-Pacific amounted to $X per ton, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then shrank modestly in the following year.

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

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

Cereal Flour Imports

Imports in Asia-Pacific

In 2022, purchases abroad of cereal flours increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, cereal flour imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Afghanistan dominates imports structure, resulting at X tons, which was near X% of total imports in 2022. Sri Lanka (X tons) took the second position in the ranking, followed by Thailand (X tons). All these countries together took near X% share of total imports. Hong Kong SAR (X tons), China (X tons), Singapore (X tons), Malaysia (X tons) and Democratic People's Republic of Korea (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cereal flour imports into Afghanistan stood at X%. At the same time, Sri Lanka (X%) and China (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%), Thailand (X%), Democratic People's Republic of Korea (X%) and Malaysia (X%) illustrated a downward trend over the same period. Afghanistan (X p.p.), Sri Lanka (X p.p.) and China (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore, Hong Kong SAR, Democratic People's Republic of Korea, Thailand and Malaysia saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2022, respectively.

In value terms, Afghanistan ($X) constitutes the largest market for imported cereal flours in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

In Afghanistan, cereal flour imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Sri Lanka (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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