China: Mixes And Doughs Market 2024

Mixes And Doughs Market Size in China

The Chinese mixes and doughs market amounted to $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Mixes And Doughs Production in China

In value terms, mixes and doughs production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when the production volume increased by 22% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Mixes And Doughs Exports

Exports from China

In 2022, overseas shipments of mixes and doughs decreased by -50.7% to X tons, falling for the third consecutive year after three years of growth. Overall, exports saw a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of 55% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, mixes and doughs exports fell sharply to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 38% against the previous year. The exports peaked at $X in 2021, and then fell notably in the following year.

Exports by Country

Japan (X tons) was the main destination for mixes and doughs exports from China, with a 27% share of total exports. Moreover, mixes and doughs exports to Japan exceeded the volume sent to the second major destination, Thailand (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan amounted to -16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+8.3% per year) and the United States (+2.8% per year).

In value terms, the largest markets for mixes and doughs exported from China were the United States ($X), Thailand ($X) and Japan ($X), together accounting for 39% of total exports. Canada, the UK, South Korea and Australia lagged somewhat behind, together accounting for a further 14%.

The UK, with a CAGR of +48.8%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mixes and doughs export price stood at $X per ton in 2022, rising by 50% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mixes and doughs export price increased by +86.8% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Mixes And Doughs Imports

Imports into China

After ten years of growth, purchases abroad of mixes and doughs decreased by -38.7% to X tons in 2022. In general, imports, however, showed strong growth. The pace of growth appeared the most rapid in 2019 when imports increased by 53% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted sharply in the following year.

In value terms, mixes and doughs imports contracted dramatically to $X in 2022. Over the period under review, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 51% against the previous year. As a result, imports reached the peak of $X, and then contracted sharply in the following year.

Imports by Country

Singapore (X tons), France (X tons) and the United States (X tons) were the main suppliers of mixes and doughs imports to China, with a combined 52% share of total imports. Italy, Vietnam, South Korea, Thailand, Japan, Denmark, the Netherlands, Germany, Russia and Spain lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +136.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of mixes and doughs to China, comprising 38% of total imports. The second position in the ranking was held by the United States ($X), with an 11% share of total imports. It was followed by Singapore, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled +29.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.2% per year) and Singapore (+35.9% per year).

Import Prices by Country

The average mixes and doughs import price stood at $X per ton in 2022, picking up by 4.9% against the previous year. In general, the import price, however, recorded a perceptible setback. The pace of growth appeared the most rapid in 2016 an increase of 11%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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