Asia-Pacific: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Asia-Pacific

The Asia-Pacific prepared baking powder market rose modestly to $X in 2022, picking up by 2.7% against the previous year. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Prepared Baking Powder Production in Asia-Pacific

In value terms, prepared baking powder production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.4% from 2012 to 2022; however, 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 21% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Prepared Baking Powder Exports

Exports in Asia-Pacific

After three years of growth, shipments abroad of prepared baking powders decreased by -15.5% to X tons in 2022. Over the period under review, exports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 46%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then dropped rapidly in the following year.

In value terms, prepared baking powder exports shrank to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +94.8% against 2015 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 33% against the previous year. The level of export peaked at $X in 2021, and then shrank in the following year.

Exports by Country

China (X tons) and Thailand (X tons) dominates exports structure, together committing 78% of total exports. Malaysia (X tons) took an 8.4% share (based on physical terms) of total exports, which put it in second place, followed by India (4.8%). Singapore (X tons) and Australia (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +23.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Singapore ($X) constituted the countries with the highest levels of exports in 2022, with a combined 79% share of total exports.

Among the main exporting countries, Thailand, with a CAGR of +15.6%, saw 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, rising by 17% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2014; afterwards, it flattened through to 2022.

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 Singapore ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.2%), while the other leaders experienced more modest paces of growth.

Prepared Baking Powder Imports

Imports in Asia-Pacific

In 2022, supplies from abroad of prepared baking powders decreased by -7.3% to X tons, falling for the second year in a row after two years of growth. Total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.2% against 2020 indices. The pace of growth was the most pronounced in 2019 when imports increased by 20%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, prepared baking powder imports fell to $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 20%. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, the Philippines (X tons) was the major importer of prepared baking powders, making up 35% of total imports. Indonesia (X tons) ranks second in terms of the total imports with a 20% share, followed by Singapore (6.8%) and Japan (5.7%). The following importers - South Korea (X tons), Hong Kong SAR (X tons), Malaysia (X tons), Taiwan (Chinese) (X tons), Vietnam (X tons), Myanmar (X tons), Bangladesh (X tons) and New Zealand (X tons) - each reached a 24% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +48.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared baking powder importing markets in Asia-Pacific were Indonesia ($X), the Philippines ($X) and Japan ($X), with a combined 61% share of total imports.

In terms of the main importing countries, the Philippines, with a CAGR of +41.3%, 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

In 2022, the import price in Asia-Pacific amounted to $X per ton, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 an increase of 12%. Over the period under review, import prices attained the peak figure at $X per ton in 2021, and then dropped slightly in the following year.

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 Indonesia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+10.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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