Eastern Asia: Breakfast Cereal Market 2022

Breakfast Cereal Market Size in Eastern Asia

The East Asian breakfast cereal market rose modestly to $X in 2021, growing by X% against the previous year. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Breakfast Cereal Production in Eastern Asia

In value terms, breakfast cereal production totaled $X in 2021 estimated in export price. The total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Breakfast Cereal Exports

Exports in Eastern Asia

In 2021, the amount of breakfast cereals exported in Eastern Asia skyrocketed to X tons, jumping by X% compared with the previous year's figure. The total export volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, breakfast cereal exports soared to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) was the main exporter of breakfast cereals, mixing up X% of total exports. South Korea (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Japan (X%) and Taiwan (Chinese) (X%). Hong Kong SAR (X tons) held a minor share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of breakfast cereals. At the same time, Japan (+X%), South Korea (+X%), Hong Kong SAR (+X%) and Taiwan (Chinese) (+X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +X% from 2012-2021. South Korea (+X p.p.), Japan (+X p.p.) and Taiwan (Chinese) (+X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest breakfast cereal supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In China, breakfast cereal exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (+X% per year) and Japan (+X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, rising by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Breakfast Cereal Imports

Imports in Eastern Asia

Breakfast cereal imports soared to X tons in 2021, with an increase of X% compared with the previous year's figure. Overall, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, breakfast cereal imports soared to $X in 2021. Over the period under review, imports showed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China was the key importing country with an import of about X tons, which reached X% of total imports. South Korea (X tons) ranks second in terms of the total imports with a X% share, followed by Japan (X%) and Hong Kong SAR (X%). Taiwan (Chinese) (X tons) held a little share of total imports.

China was also the fastest-growing in terms of the breakfast cereals imports, with a CAGR of +X% from 2012 to 2021. At the same time, Japan (+X%) and South Korea (+X%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Japan (-X p.p.), Taiwan (Chinese) (-X p.p.), South Korea (-X p.p.) and Hong Kong SAR (-X p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported breakfast cereals in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with an X% share of total imports. It was followed by Hong Kong SAR, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Hong Kong SAR (-X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, falling by -X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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