South-Eastern Asia: Cereal Flour Market 2024

Cereal Flour Market Size in South-Eastern Asia

The Southeast Asian cereal flour market expanded slightly to $X in 2022, growing by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Cereal Flour Production in South-Eastern Asia

In value terms, cereal flour production rose modestly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Cereal Flour Exports

Exports in South-Eastern Asia

In 2022, exports of cereal flours in South-Eastern Asia shrank modestly to X tons, approximately equating the previous year. The total export volume increased at an average annual rate of X% over the period 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 2017 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 expanded markedly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Vietnam (X tons) and Thailand (X tons) represented the main exporters of cereal flours in 2022, resulting at near X% and X% of total exports, respectively. It was distantly followed by Myanmar (X tons), Indonesia (X tons), Singapore (X tons) and Malaysia (X tons), together making up a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Myanmar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Vietnam ($X) and Singapore ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Myanmar, Indonesia and Malaysia lagged somewhat behind, together comprising a further X%.

Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the export price in South-Eastern Asia amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the export price figures.

Cereal Flour Imports

Imports in South-Eastern Asia

In 2022, after four years of decline, there was significant growth in supplies from abroad of cereal flours, when their volume increased by X% to X tons. Overall, imports, however, saw a abrupt decline. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cereal flour imports skyrocketed to $X in 2022. In general, imports, however, recorded a noticeable curtailment. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of cereal flour imports in 2022 were Thailand (X tons), Singapore (X tons) and Malaysia (X tons), together recording X% of total import. The Philippines (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (X%). Myanmar (X tons) and Vietnam (X tons) followed a long way behind the leaders.

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

In value terms, the largest cereal flour importing markets in South-Eastern Asia were Thailand ($X), Malaysia ($X) and Singapore ($X), with a combined X% share of total imports. The Philippines, Indonesia, Myanmar and Vietnam lagged somewhat behind, together accounting for a further X%.

Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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