South-Eastern Asia: Market for Crispbread, Rusks and Toasted Bread 2024

Market Size for Crispbread, Rusks and Toasted Bread in South-Eastern Asia

The Southeast Asian market for crispbread, rusks and toasted bread expanded slightly to $X in 2022, picking up by 3.3% against the previous year. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Production of Crispbread, Rusks and Toasted Bread in South-Eastern Asia

In value terms, crispbread, rusk and toasted bread production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% 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 2013 with an increase of 32%. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Crispbread, Rusks and Toasted Bread

Exports in South-Eastern Asia

In 2022, crispbread, rusk and toasted bread exports in South-Eastern Asia dropped slightly to X tons, with a decrease of -2.3% on 2021. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 14% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, crispbread, rusk and toasted bread exports reached $X in 2022. The total export value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2013 with an increase of 10% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand represented the major exporting country with an export of around X tons, which finished at 74% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a 10% share, followed by Vietnam (10%). Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to crispbread, rusk and toasted bread exports from Thailand stood at +1.7%. At the same time, Malaysia (+11.8%), Vietnam (+9.9%) and Indonesia (+3.7%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +11.8% from 2012-2022. Malaysia (+5.8 p.p.) and Vietnam (+4.9 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -10.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest crispbread, rusk and toasted bread supplier in South-Eastern Asia, comprising 79% of total exports. The second position in the ranking was taken by Vietnam ($X), with an 11% share of total exports. It was followed by Malaysia, with a 6.1% share.

In Thailand, crispbread, rusk and toasted bread exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+9.7% per year) and Malaysia (+7.2% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, with an increase of 3.3% against the previous year. Overall, the export price, however, showed a mild shrinkage. The pace of growth was the most pronounced in 2019 when the export price increased by 6.4%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-0.1%), while the other leaders experienced a decline in the export price figures.

Imports of Crispbread, Rusks and Toasted Bread

Imports in South-Eastern Asia

Crispbread, rusk and toasted bread imports rose notably to X tons in 2022, picking up by 8.9% on 2021. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.2% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 16%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, crispbread, rusk and toasted bread imports fell slightly to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 13% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Philippines (X tons), distantly followed by Malaysia (X tons), Lao People's Democratic Republic (X tons), Indonesia (X tons), Vietnam (X tons) and Singapore (X tons) represented the key importers of crispbread, rusks and toasted bread, together creating 90% of total imports. Thailand (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +24.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest crispbread, rusk and toasted bread importing markets in South-Eastern Asia were Lao People's Democratic Republic ($X), Malaysia ($X) and the Philippines ($X), together accounting for 54% of total imports.

The Philippines, with a CAGR of +28.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, which is down by -12.6% against the previous year. Overall, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2021 an increase of 16% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while the Philippines ($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 (+8.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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