Eastern Asia: Market for Crispbread, Rusks and Toasted Bread 2024

Market Size for Crispbread, Rusks and Toasted Bread in Eastern Asia

The East Asian market for crispbread, rusks and toasted bread was estimated at $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Crispbread, Rusks and Toasted Bread in Eastern Asia

In value terms, crispbread, rusk and toasted bread production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 21% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Crispbread, Rusks and Toasted Bread

Exports in Eastern Asia

In 2022, the amount of crispbread, rusks and toasted bread exported in Eastern Asia dropped to X tons, waning by -9.1% compared with 2021 figures. Total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 46%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, crispbread, rusk and toasted bread exports contracted to $X in 2022. The total export value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

China dominates exports structure, accounting for X tons, which was near 84% of total exports in 2022. It was distantly followed by South Korea (X tons), committing a 7.6% share of total exports. Hong Kong SAR (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the crispbread, rusks and toasted bread exports, with a CAGR of +13.0% from 2012 to 2022. At the same time, Japan (+10.8%) displayed positive paces of growth. Hong Kong SAR experienced a relatively flat trend pattern. By contrast, South Korea (-3.8%) and Taiwan (Chinese) (-17.1%) illustrated a downward trend over the same period. China (+41 p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR, South Korea and Taiwan (Chinese) saw its share reduced by -2.4%, -11.7% and -27.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest crispbread, rusk and toasted bread supplier in Eastern Asia, comprising 58% of total exports. The second position in the ranking was taken by Japan ($X), with a 15% share of total exports. It was followed by South Korea, with a 14% share.

From 2012 to 2022, the average annual growth rate of value in China totaled +12.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+10.8% per year) and South Korea (+4.2% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, flattening at the previous year. In general, the export price, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2015 when the export price increased by 32%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.3%), while the other leaders experienced more modest paces of growth.

Imports of Crispbread, Rusks and Toasted Bread

Imports in Eastern Asia

Crispbread, rusk and toasted bread imports dropped to X tons in 2022, which is down by -12.8% compared with the previous year's figure. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +2.2% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 33% against the previous year. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, crispbread, rusk and toasted bread imports declined to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +5.9% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of 26% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, China (X tons), distantly followed by Taiwan (Chinese) (X tons), Hong Kong SAR (X tons) and Japan (X tons) were the largest importers of crispbread, rusks and toasted bread, together constituting 93% of total imports. The following importers - Democratic People's Republic of Korea (X tons) and South Korea (X tons) - each finished at a 5.6% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of +14.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and Hong Kong SAR ($X) were the countries with the highest levels of imports in 2022, with a combined 86% share of total imports. Japan, South Korea and Democratic People's Republic of Korea lagged somewhat behind, together comprising a further 13%.

South Korea, with a CAGR of +17.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, surging by 1.5% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 17%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :