Southern Asia: Market for Flaked or Rolled Cereals 2024

Market Size for Flaked or Rolled Cereals in Southern Asia

The South Asian flaked or rolled cereal market declined slightly to $X in 2022, approximately equating the previous year. In general, consumption continues to indicate resilient growth. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Production of Flaked or Rolled Cereals in Southern Asia

In value terms, flaked or rolled cereal production contracted modestly to $X in 2022 estimated in export price. Overall, production showed a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 41% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Flaked or Rolled Cereals

Exports in Southern Asia

In 2022, exports of flaked or rolled cereals in Southern Asia declined slightly to X tons, waning by -4.1% compared with 2021 figures. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2016 when exports increased by 172%. The volume of export peaked at X tons in 2021, and then contracted modestly in the following year.

In value terms, flaked or rolled cereal exports dropped slightly to $X in 2022. Overall, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2016 when exports increased by 103%. The level of export peaked at $X in 2021, and then contracted slightly in the following year.

Exports by Country

India (X tons) and Pakistan (X tons) represented the key exporters of flaked or rolled cereals in 2022, amounting to near 44% and 44% of total exports, respectively. It was distantly followed by Sri Lanka (X tons), generating a 12% 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 Sri Lanka (with a CAGR of +34.1%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the largest flaked or rolled cereal supplier in Southern Asia, comprising 62% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled +17.7%. In the other countries, the average annual rates were as follows: Sri Lanka (+29.8% per year) and Pakistan (+9.2% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, remaining constant against the previous year. Overall, the export price, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2013 when the export price increased by 14%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-1.3%), while the other leaders experienced a decline in the export price figures.

Imports of Flaked or Rolled Cereals

Imports in Southern Asia

After two years of growth, overseas purchases of flaked or rolled cereals decreased by -18% to X tons in 2022. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.0% 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 -1.5% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 36% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted markedly in the following year.

In value terms, flaked or rolled cereal imports contracted to $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +18.3% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by 32%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

India prevails in imports structure, reaching X tons, which was near 91% of total imports in 2022. The following importers - Pakistan (X tons) and Nepal (X tons) - together made up 6% of total imports.

Imports into India increased at an average annual rate of +5.0% from 2012 to 2022. At the same time, Pakistan (+8.5%) and Nepal (+7.8%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +8.5% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported flaked or rolled cereals in Southern Asia, comprising 86% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 5.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value in India totaled +4.1%. In the other countries, the average annual rates were as follows: Pakistan (+15.0% per year) and Nepal (+18.6% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, picking up by 13% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nepal ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+10.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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