South-Eastern Asia: Non-Wheat Cereal Pellets Market 2024

Non-Wheat Cereal Pellets Market Size in South-Eastern Asia

After four years of growth, the Southeast Asian non-wheat cereal pellets market decreased by -5.1% to $X in 2021. Over the period under review, consumption, however, saw perceptible growth. The level of consumption peaked at $X in 2020, and then shrank in the following year.

Non-Wheat Cereal Pellets Production in South-Eastern Asia

In value terms, non-wheat cereal pellets production contracted to $X in 2021 estimated in export price. In general, production, however, posted a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of 60% against the previous year. The level of production peaked at $X in 2020, and then shrank in the following year.

Non-Wheat Cereal Pellets Exports

Exports in South-Eastern Asia

After three years of decline, overseas shipments of cereal pellets (excluding wheat) increased by 125% to X tons in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 352% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, non-wheat cereal pellets exports surged to $X in 2021. Over the period under review, exports posted noticeable growth. The pace of growth was the most pronounced in 2013 when exports increased by 252% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) and Indonesia (X tons) prevails in exports structure, together constituting 92% of total exports. It was distantly followed by Vietnam (X tons), committing a 4.7% share of total exports. Singapore (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Malaysia (with a CAGR of +3.7%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Indonesia ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2021, with a combined 97% share of total exports.

Indonesia, with a CAGR of +8.9%, recorded the highest rates of growth with regard to the value of exports, among 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

The export price in South-Eastern Asia stood at $X per ton in 2021, surging by 11% against the previous year. Export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-wheat cereal pellets export price increased by +84.1% against 2018 indices. The growth pace was the most rapid in 2020 an increase of 50% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+6.9%), while the other leaders experienced more modest paces of growth.

Non-Wheat Cereal Pellets Imports

Imports in South-Eastern Asia

In 2021, supplies from abroad of cereal pellets (excluding wheat) decreased by -7.9% to X tons, falling for the fifth year in a row after two years of growth. In general, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of 93% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, non-wheat cereal pellets imports declined modestly to $X in 2021. Over the period under review, imports saw a mild shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 71%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

Singapore was the largest importer of cereal pellets (excluding wheat) in South-Eastern Asia, with the volume of imports finishing at X tons, which was near 49% of total imports in 2021. Myanmar (X tons) took the second position in the ranking, distantly followed by the Philippines (X tons). All these countries together held near 46% share of total imports. Indonesia (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Singapore (with a CAGR of +23.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-wheat cereal pellets importing markets in South-Eastern Asia were Singapore ($X), Myanmar ($X) and the Philippines ($X), with a combined 97% share of total imports.

Among the main importing countries, Singapore, with a CAGR of +14.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, increasing by 4% against the previous year. In general, the import price showed a buoyant increase. The pace of growth was the most pronounced in 2017 when the import price increased by 56% against the previous year. The level of import peaked at $X per ton in 2019; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per ton), while Indonesia ($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 Philippines (+11.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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