India: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in India

In 2021, after two years of growth, there was decline in the Indian rusks and toasted bread market, when its value decreased by -5% to $X. In general, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +64.8% against 2012 indices. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Production of Rusks, Toasted Bread and Similar Toasted Products in India

In value terms, rusks and toasted bread production fell to $X in 2021 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.8% 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 +66.5% against 2012 indices. The growth pace was the most rapid in 2020 when the production volume increased by 15%. As a result, production reached the peak level of $X, and then fell in the following year.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from India

In 2021, rusks and toasted bread exports from India reduced to X tons, with a decrease of -9% on the previous year. Over the period under review, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 31%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, rusks and toasted bread exports fell to $X in 2021. In general, exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2013 with an increase of 48% against the previous year. The exports peaked at $X in 2020, and then reduced in the following year.

Exports by Country

The United Arab Emirates (X tons), the United States (X tons) and Canada (X tons) were the main destinations of rusks and toasted bread exports from India, with a combined 54% share of total exports. Australia, Saudi Arabia, Nepal, Qatar, Oman, the UK, South Africa, Russia, Singapore and Bahrain lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +36.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rusks and toasted bread exported from India were the United Arab Emirates ($X), the United States ($X) and Canada ($X), together accounting for 53% of total exports. These countries were followed by Australia, Saudi Arabia, Qatar, Oman, Nepal, the UK, Singapore, South Africa, Bahrain and Russia, which together accounted for a further 37%.

Among the main countries of destination, Qatar, with a CAGR of +35.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average rusks and toasted bread export price amounted to $X per ton, falling by -2.5% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Russia ($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 Singapore (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into India

For the seventh consecutive year, India recorded growth in supplies from abroad of rusks, toasted bread and similar toasted products, which increased by 69% to X tons in 2021. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2015 with an increase of 186% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, rusks and toasted bread imports soared to $X in 2021. In general, imports saw a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 148%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Bangladesh (X tons) was the main rusks and toasted bread supplier to India, with a 96% share of total imports. It was followed by Myanmar (X tons), with a 1.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Bangladesh totaled +38.3%.

In value terms, Bangladesh ($X) constituted the largest supplier of rusks, toasted bread and similar toasted products to India, comprising 96% of total imports. The second position in the ranking was held by Myanmar ($X), with a 1.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Bangladesh amounted to +42.1%.

Import Prices by Country

In 2021, the average rusks and toasted bread import price amounted to $X per ton, almost unchanged from the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 14%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Bangladesh ($X per ton), while the price for Myanmar amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+2.7%).

Source: IndexBox Platform

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