Japan: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in Japan

The Japanese sweet biscuit market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Sweet Biscuit Production in Japan

In value terms, sweet biscuit production amounted to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 37% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Sweet Biscuit Exports

Exports from Japan

Sweet biscuit exports from Japan skyrocketed to X tons in 2021, growing by 22% on 2020 figures. Overall, total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +38.7% against 2017 indices. The growth pace was the most rapid in 2015 when exports increased by 47% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, sweet biscuit exports surged to $X in 2021. Over the period under review, total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +48.5% against 2017 indices. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons) were the main destinations of sweet biscuit exports from Japan, together comprising 77% of total exports. The United States, Vietnam, the Netherlands and the United Arab Emirates lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +114.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sweet biscuit exported from Japan were China ($X), Taiwan (Chinese) ($X) and Hong Kong SAR ($X), with a combined 79% share of total exports. These countries were followed by the United States, Vietnam, the United Arab Emirates and the Netherlands, which together accounted for a further 12%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +84.4%, 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

The average sweet biscuit export price stood at $X per ton in 2021, growing by 17% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to the Netherlands ($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 Taiwan (Chinese) (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Sweet Biscuit Imports

Imports into Japan

Sweet biscuit imports into Japan skyrocketed to X tons in 2021, picking up by 26% on 2020. Overall, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 171%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, sweet biscuit imports expanded sharply to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 204% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Oman (X tons), China (X tons) and Italy (X tons) were the main suppliers of sweet biscuit imports to Japan, together comprising 66% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +76.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the United Arab Emirates ($X) and France ($X) were the largest sweet biscuit suppliers to Japan, with a combined 64% share of total imports. Oman, Malaysia, China and Brazil lagged somewhat behind, together accounting for a further 34%.

Among the main suppliers, China, with a CAGR of +61.4%, saw the highest growth rate of 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

In 2021, the average sweet biscuit import price amounted to $X per ton, reducing by -10% against the previous year. Overall, the import price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2013 when the average import price increased by 33% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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