Japan: Crispbread Market 2024

Crispbread Market Size in Japan

The Japanese crispbread market soared to $X in 2021, with an increase of 22% against the previous year. Overall, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% 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 -15.4% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Crispbread Production in Japan

In value terms, crispbread production skyrocketed to $X in 2021 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.2% 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 -15.0% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 59%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Crispbread Exports

Exports from Japan

In 2021, shipments abroad of crispbread increased by 87% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2016 when exports increased by 645%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, crispbread exports soared to $X in 2021. Over the period under review, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 439%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Palau (X tons) was the main destination for crispbread exports from Japan, with a 49% share of total exports. Moreover, crispbread exports to Palau exceeded the volume sent to the second major destination, Thailand (X tons), fourfold. China (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Palau stood at +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-15.0% per year) and China (+54.3% per year).

In value terms, the largest markets for crispbread exported from Japan were Thailand ($X), China ($X) and Palau ($X), with a combined 56% share of total exports.

China, with a CAGR of +61.4%, recorded the highest growth rate of 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 crispbread export price stood at $X per ton in 2021, with an increase of 42% against the previous year. In general, the export price recorded prominent growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 82%. The export price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while the average price for exports to the Philippines ($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 Canada (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Crispbread Imports

Imports into Japan

In 2021, approx. X tons of crispbread were imported into Japan; increasing by 10% on the year before. Over the period under review, imports, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2019 with an increase of 60% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, crispbread imports rose markedly to $X in 2021. Overall, imports, however, showed a slight curtailment. The pace of growth was the most pronounced in 2019 with an increase of 55% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of crispbread to Japan, with a 35% share of total imports. Moreover, crispbread imports from Thailand exceeded the figures recorded by the second-largest supplier, Singapore (X tons), twofold. The third position in this ranking was held by Malaysia (X tons), with a 1.6% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand stood at -13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+7.4% per year) and Malaysia (+9.3% per year).

In value terms, Thailand ($X) constituted the largest supplier of crispbread to Japan, comprising 33% of total imports. The second position in the ranking was held by Singapore ($X), with a 15% share of total imports. It was followed by the UK, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value from Thailand totaled -11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+8.2% per year) and the UK (+12.5% per year).

Import Prices by Country

The average crispbread import price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, crispbread import price increased by +68.8% against 2016 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 29% against the previous year. The import price peaked at $X per ton in 2020, and then contracted slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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