Asia-Pacific: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in Asia-Pacific

In 2021, after two years of decline, there was growth in the Asia-Pacific sweet biscuit market, when its value increased by 0.5% to $X. The market value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Sweet Biscuit Production in Asia-Pacific

In value terms, sweet biscuit production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 13%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Sweet Biscuit Exports

Exports in Asia-Pacific

In 2021, sweet biscuit exports in Asia-Pacific surged to X tons, with an increase of 17% compared with the previous year's figure. The total export volume increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sweet biscuit exports skyrocketed to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +96.7% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, India (X tons) and Indonesia (X tons) were the largest exporters of sweet biscuits in Asia-Pacific, together amounting to approx. 59% of total exports. Malaysia (X tons) took the next position in the ranking, followed by Thailand (X tons) and China (X tons). All these countries together held approx. 22% share of total exports. The following exporters - Australia (X tons) and Pakistan (X tons) - together made up 4.8% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Thailand (with a CAGR of +23.5%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), India ($X) and Malaysia ($X) constituted the countries with the highest levels of exports in 2021, together comprising 51% of total exports. These countries were followed by Thailand, China, Australia and Pakistan, which together accounted for a further 22%.

Thailand, with a CAGR of +19.8%, saw the highest growth rate of 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 2021, the export price in Asia-Pacific amounted to $X per ton, with an increase of 5.7% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2013 an increase of 7.6%. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+4.8%), while the other leaders experienced more modest paces of growth.

Sweet Biscuit Imports

Imports in Asia-Pacific

In 2021, the amount of sweet biscuits imported in Asia-Pacific reached X tons, increasing by 3.3% compared with 2020. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.5% 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 decreased by -0.5% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 14% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, sweet biscuit imports rose remarkably to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 17% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

China (X tons), Australia (X tons), Malaysia (X tons), Thailand (X tons), Vietnam (X tons), Singapore (X tons), the Philippines (X tons), Hong Kong SAR (X tons), South Korea (X tons), New Zealand (X tons), Indonesia (X tons) and Myanmar (X tons) represented roughly 83% of total imports in 2021.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +31.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Australia ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 43% of total imports. These countries were followed by Vietnam, Malaysia, Singapore, South Korea, Thailand, New Zealand, the Philippines, Indonesia and Myanmar, which together accounted for a further 44%.

In terms of the main importing countries, Myanmar, with a CAGR of +26.3%, 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

The import price in Asia-Pacific stood at $X per ton in 2021, picking up by 7.2% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while Myanmar ($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 (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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