Asia-Pacific: Market for Flaked or Rolled Cereals 2024

Market Size for Flaked or Rolled Cereals in Asia-Pacific

The Asia-Pacific flaked or rolled cereal market expanded to $X in 2022, rising by 3.3% against the previous year. In general, consumption continues to indicate a prominent increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Flaked or Rolled Cereals in Asia-Pacific

In value terms, flaked or rolled cereal production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 28%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Flaked or Rolled Cereals

Exports in Asia-Pacific

In 2022, flaked or rolled cereal exports in Asia-Pacific reduced to X tons, dropping by -6.7% against 2021. Total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.3% against 2013 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 26%. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, flaked or rolled cereal exports stood at $X in 2022. Total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.3% against 2012 indices. The most prominent rate of growth was recorded in 2019 with an increase of 16%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Australia represented the main exporter of flaked or rolled cereals in Asia-Pacific, with the volume of exports resulting at X tons, which was approx. 48% of total exports in 2022. China (X tons) ranks second in terms of the total exports with a 14% share, followed by Lao People's Democratic Republic (9.8%), India (8.4%), Pakistan (8.3%) and Malaysia (4.7%). Sri Lanka (X tons) took a little share of total exports.

Exports from Australia increased at an average annual rate of +4.4% from 2012 to 2022. At the same time, Lao People's Democratic Republic (+37.4%), Sri Lanka (+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-Pacific, with a CAGR of +37.4% from 2012-2022. China experienced a relatively flat trend pattern. From 2012 to 2022, the share of Lao People's Democratic Republic, Pakistan, India and Sri Lanka increased by +9.1, +6.7, +5.9 and +2.1 percentage points, respectively.

In value terms, the largest flaked or rolled cereal supplying countries in Asia-Pacific were Australia ($X), China ($X) and Malaysia ($X), together comprising 77% of total exports. India, Lao People's Democratic Republic, Sri Lanka and Pakistan lagged somewhat behind, together comprising a further 17%.

In terms of the main exporting countries, Lao People's Democratic Republic, with a CAGR of +30.2%, 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

In 2022, the export price in Asia-Pacific amounted to $X per ton, picking up by 7.3% against the previous year. In general, the export price, however, continues to indicate a slight descent. The pace of growth was the most pronounced in 2015 an increase of 9.1%. As a result, the export price reached the peak level of $X per ton. 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 a decline in the export price figures.

Imports of Flaked or Rolled Cereals

Imports in Asia-Pacific

In 2022, purchases abroad of flaked or rolled cereals increased by 1.2% to X tons, rising for the fourth year in a row after two years of decline. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% 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 +44.6% against 2018 indices. The growth pace was the most rapid in 2015 with an increase of 32% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, flaked or rolled cereal imports soared to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +70.4% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons) and Japan (X tons) represented the largest importers of flaked or rolled cereals in 2022, recording approx. 27% and 21% of total imports, respectively. Thailand (X tons) took the next position in the ranking, followed by India (X tons), Malaysia (X tons) and Taiwan (Chinese) (X tons). All these countries together held near 34% share of total imports. South Korea (X tons) followed a long way behind the leaders.

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, China ($X), Japan ($X) and India ($X) were the countries with the highest levels of imports in 2022, together accounting for 63% of total imports.

In terms of the main importing countries, China, with a CAGR of +56.7%, saw the highest rates of growth with regard to 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 2022, the import price in Asia-Pacific amounted to $X per ton, picking up by 22% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 22%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 ($X per ton), while Thailand ($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 (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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