China: Crispbread Market 2024

Crispbread Market Size in China

After four years of growth, the Chinese crispbread market decreased by -5.3% to $X in 2021. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Crispbread consumption peaked at $X in 2020, and then dropped in the following year.

Crispbread Production in China

In value terms, crispbread production dropped to $X in 2021 estimated in export price. Overall, the total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +41.3% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of 31%. Over the period under review, production attained the maximum level at $X in 2020, and then reduced in the following year.

Crispbread Exports

Exports from China

In 2021, shipments abroad of crispbread decreased by -3.9% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 294% against the previous year. The exports peaked at X tons in 2020, and then contracted modestly in the following year.

In value terms, crispbread exports expanded rapidly to $X in 2021. Over the period under review, exports, however, saw a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 271%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for crispbread exports from China, with a 61% share of total exports. Moreover, crispbread exports to Australia exceeded the volume sent to the second major destination, Burkina Faso (X tons), sixfold. Canada (X tons) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia totaled +53.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+448.8% per year) and Canada (+48.9% per year).

In value terms, Australia ($X) remains the key foreign market for crispbread exports from China, comprising 73% of total exports. The second position in the ranking was taken by Canada ($X), with an 8.7% share of total exports. It was followed by the United Arab Emirates, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia amounted to +57.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+32.3% per year) and the United Arab Emirates (+3.8% per year).

Export Prices by Country

The average crispbread export price stood at $X per ton in 2021, jumping by 17% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 65%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while the average price for exports to Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Crispbread Imports

Imports into China

In 2021, supplies from abroad of crispbread increased by 618% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports showed buoyant growth. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, crispbread imports skyrocketed to $X in 2021. Overall, imports saw a mild expansion. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Myanmar (X tons) was the main crispbread supplier to China, with a 91% share of total imports. Moreover, crispbread imports from Myanmar exceeded the figures recorded by the second-largest supplier, Thailand (X kg), more than tenfold. Sweden (X kg) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Myanmar stood at +1,355.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-29.9% per year) and Sweden (+30.2% per year).

In value terms, Myanmar ($X) constituted the largest supplier of crispbread to China, comprising 76% of total imports. The second position in the ranking was taken by Thailand ($X), with a 7.2% share of total imports. It was followed by Sweden, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Myanmar amounted to +1,851.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-32.5% per year) and Sweden (+28.1% per year).

Import Prices by Country

In 2021, the average crispbread import price amounted to $X per ton, falling by -17.1% against the previous year. Over the period under review, the import price showed a deep reduction. The growth pace was the most rapid in 2015 when the average import price increased by 68% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+34.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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