Asia-Pacific: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Asia-Pacific

In 2021, the Asia-Pacific rusks and toasted bread market decreased by -6.2% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then fell in the following year.

Production of Rusks, Toasted Bread and Similar Toasted Products in Asia-Pacific

In value terms, rusks and toasted bread production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by 15% against the previous year. As a result, production attained the peak level of $X, and then reduced in the following year.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports in Asia-Pacific

In 2021, overseas shipments of rusks, toasted bread and similar toasted products decreased by -21.5% to X tons for the first time since 2011, thus ending a nine-year rising trend. In general, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 46% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then fell markedly in the following year.

In value terms, rusks and toasted bread exports shrank rapidly to $X in 2021. Over the period under review, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 36% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from India (X tons), Bangladesh (X tons), China (X tons), Vietnam (X tons), South Korea (X tons), Thailand (X tons) and Malaysia (X tons), together accounting for 92% of total export.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +37.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest rusks and toasted bread supplying countries in Asia-Pacific were India ($X), Vietnam ($X) and South Korea ($X), with a combined 53% share of total exports. These countries were followed by Bangladesh, Thailand, China and Malaysia, which together accounted for a further 32%.

In terms of the main exporting countries, Thailand, with a CAGR of +29.3%, recorded the highest rates of growth with regard to 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 2021, the export price in Asia-Pacific amounted to $X per ton, growing by 6.9% against the previous year. Over the period under review, the export price, however, continues to indicate a slight setback. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+4.2%), while the other leaders experienced more modest paces of growth.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports in Asia-Pacific

For the tenth year in a row, Asia-Pacific recorded growth in supplies from abroad of rusks, toasted bread and similar toasted products, which increased by 9% to X tons in 2021. Over the period under review, imports posted buoyant growth. The pace of growth appeared the most rapid in 2015 with an increase of 25% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, rusks and toasted bread imports expanded markedly to $X in 2021. Overall, imports saw a remarkable increase. The growth pace was the most rapid in 2018 with an increase of 23%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, India (X tons), distantly followed by Australia (X tons), the Philippines (X tons), China (X tons), Malaysia (X tons) and Hong Kong SAR (X tons) represented the major importers of rusks, toasted bread and similar toasted products, together comprising 72% of total imports. The following importers - Indonesia (X tons), Taiwan (Chinese) (X tons), Vietnam (X tons), Nepal (X tons), Myanmar (X tons), Lao People's Democratic Republic (X tons) and New Zealand (X tons) - together made up 19% of total imports.

Imports into India increased at an average annual rate of +35.3% from 2012 to 2021. At the same time, Nepal (+52.8%), Lao People's Democratic Republic (+41.2%), Malaysia (+29.8%), Vietnam (+20.7%), Myanmar (+18.5%), the Philippines (+18.4%), China (+14.9%), Taiwan (Chinese) (+10.4%), Hong Kong SAR (+7.7%) and New Zealand (+7.2%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +52.8% from 2012-2021. Australia and Indonesia experienced a relatively flat trend pattern. While the share of India (+21 p.p.), Malaysia (+6 p.p.), the Philippines (+3.7 p.p.), Nepal (+2.5 p.p.) and China (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Hong Kong SAR (-2.7 p.p.), Indonesia (-7.5 p.p.) and Australia (-21.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest rusks and toasted bread importing markets in Asia-Pacific were Australia ($X), India ($X) and China ($X), together accounting for 52% of total imports. Hong Kong SAR, Malaysia, Taiwan (Chinese), Indonesia, Vietnam, the Philippines, Myanmar, New Zealand, Lao People's Democratic Republic and Nepal lagged somewhat behind, together comprising a further 38%.

Nepal, with a CAGR of +39.9%, saw the highest growth rate of the value of imports, in terms of 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

The import price in Asia-Pacific stood at $X per ton in 2021, increasing by 5% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 9% against the previous year. The level of import peaked at $X per ton in 2018; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+9.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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