Eastern Asia: Cereal Flour Market 2024

Cereal Flour Market Size in Eastern Asia

The East Asian cereal flour market reached $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Cereal Flour Production in Eastern Asia

In value terms, cereal flour production amounted to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Cereal Flour Exports

Exports in Eastern Asia

After two years of decline, shipments abroad of cereal flours increased by X% to X tons in 2022. Overall, exports, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, cereal flour exports surged to $X in 2022. In general, exports, however, showed a mild descent. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X tons) and China (X tons) represented roughly X% of total exports in 2022. South Korea (X tons) held the next position in the ranking, followed by Taiwan (Chinese) (X tons). All these countries together took near X% share of total exports. Hong Kong SAR (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Japan ($X), China ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

South Korea, with a CAGR of X%, saw the highest rates of growth with regard to 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

The export price in Eastern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Cereal Flour Imports

Imports in Eastern Asia

In 2022, after two years of decline, there was significant growth in purchases abroad of cereal flours, when their volume increased by X% to X tons. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, cereal flour imports stood at $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of cereal flours, namely Hong Kong SAR, China and Democratic People's Republic of Korea, represented more than two-thirds of total import. South Korea (X tons) ranks next in terms of the total imports with a X% share, followed by Taiwan (Chinese) (X%). Macao SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest cereal flour importing markets in Eastern Asia were Hong Kong SAR ($X), China ($X) and Democratic People's Republic of Korea ($X), with a combined X% share of total imports.

In terms of the main importing countries, China, with a CAGR of X%, saw the highest rates of growth with regard to 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 Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price saw a modest increase. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, 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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