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

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

After three years of growth, the Asian rusks and toasted bread market decreased by -3.2% to $X in 2021. The market value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then declined slightly in the following year.

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

In value terms, rusks and toasted bread production reduced slightly to $X in 2021 estimated in export price. The total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +50.1% against 2013 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 29% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then fell modestly in the following year.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports in Asia

In 2021, after five years of growth, there was significant decline in overseas shipments of rusks, toasted bread and similar toasted products, when their volume decreased by -13.1% to X tons. Over the period under review, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 41% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020, and then shrank in the following year.

In value terms, rusks and toasted bread exports reduced to $X in 2021. In general, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by 29% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then shrank in the following year.

Exports by Country

In 2021, Saudi Arabia (X tons), distantly followed by India (X tons), Bangladesh (X tons), China (X tons), Vietnam (X tons), South Korea (X tons), Thailand (X tons), Turkey (X tons) and Malaysia (X tons) represented the largest exporters of rusks, toasted bread and similar toasted products, together constituting 90% of total exports.

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, Saudi Arabia ($X) remains the largest rusks and toasted bread supplier in Asia, comprising 27% of total exports. The second position in the ranking was held by India ($X), with a 13% share of total exports. It was followed by Vietnam, with an 11% share.

In Saudi Arabia, rusks and toasted bread exports expanded at an average annual rate of +8.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+16.0% per year) and Vietnam (+14.0% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, surging by 5.3% against the previous year. Over the period under review, the export price, however, saw a slight slump. The most prominent rate of growth was recorded in 2015 an increase of 7.5% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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

For the fourth year in a row, Asia recorded growth in supplies from abroad of rusks, toasted bread and similar toasted products, which increased by 5.7% to X tons in 2021. Overall, imports showed a resilient expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 43% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, rusks and toasted bread imports expanded rapidly to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +9.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +120.4% against 2012 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 29% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

In 2021, the United Arab Emirates (X tons), distantly followed by India (X tons), Saudi Arabia (X tons), Kuwait (X tons) and Kazakhstan (X tons) were the main importers of rusks, toasted bread and similar toasted products, together committing 59% of total imports. The Philippines (X tons), China (X tons), Malaysia (X tons), Oman (X tons), Iraq (X tons), Hong Kong SAR (X tons), Indonesia (X tons) and Jordan (X tons) held a relatively small share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +30.7% from 2012 to 2021. At the same time, India (+35.3%), Malaysia (+29.8%), Iraq (+25.1%), Oman (+24.8%), the Philippines (+18.4%), China (+14.9%), Kuwait (+10.4%), Hong Kong SAR (+7.7%), Saudi Arabia (+6.1%) and Jordan (+1.2%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia, with a CAGR of +35.3% from 2012-2021. Indonesia and Kazakhstan experienced a relatively flat trend pattern. The United Arab Emirates (+18 p.p.), India (+9.2 p.p.), Malaysia (+2.6 p.p.), Oman (+2.1 p.p.) and the Philippines (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Jordan, Indonesia, Saudi Arabia and Kazakhstan saw its share reduced by -2.4%, -3.1%, -5.5% and -13.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported rusks, toasted bread and similar toasted products in Asia, comprising 22% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 10% share of total imports. It was followed by Saudi Arabia, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +23.2%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+8.9% per year) and Saudi Arabia (+10.2% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, growing by 3% against the previous year. Overall, the import price, however, recorded a perceptible slump. The pace of growth appeared the most rapid in 2014 when the import price increased by 10% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

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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