Southern Asia: Crispbread Market 2024

Crispbread Market Size in Southern Asia

The South Asian crispbread market reached $X in 2021, approximately reflecting the previous year. The total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.1% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Crispbread Production in Southern Asia

In value terms, crispbread production totaled $X in 2021 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.9% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 18% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Crispbread Exports

Exports in Southern Asia

In 2021, overseas shipments of crispbread increased by 6.4% to X tons, rising for the second year in a row after four years of decline. Overall, exports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2014 with an increase of 56% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, crispbread exports skyrocketed to $X in 2021. In general, exports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 43%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Bangladesh was the major exporting country with an export of about X tons, which reached 52% of total exports. It was distantly followed by Pakistan (X tons) and India (X tons), together committing a 46% share of total exports. Sri Lanka (X tons) followed a long way behind the leaders.

Exports from Bangladesh decreased at an average annual rate of -14.5% from 2012 to 2021. At the same time, Sri Lanka (+58.3%) and Pakistan (+7.5%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +58.3% from 2012-2021. By contrast, India (-4.2%) illustrated a downward trend over the same period. While the share of Pakistan (+19 p.p.), India (+9.5 p.p.) and Sri Lanka (+2.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Bangladesh (-30 p.p.) displayed negative dynamics.

In value terms, Bangladesh ($X) remains the largest crispbread supplier in Southern Asia, comprising 66% of total exports. The second position in the ranking was taken by India ($X), with an 18% share of total exports. It was followed by Pakistan, with a 14% share.

In Bangladesh, crispbread exports shrank by an average annual rate of -7.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (-0.1% per year) and Pakistan (+0.4% per year).

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, rising by 16% against the previous year. Export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, crispbread export price increased by +75.6% against 2015 indices. The most prominent rate of growth was recorded in 2020 an increase of 19%. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+8.1%), while the other leaders experienced mixed trends in the export price figures.

Crispbread Imports

Imports in Southern Asia

In 2021, the amount of crispbread imported in Southern Asia soared to X tons, growing by 171% on the year before. Overall, imports saw a strong expansion. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, crispbread imports skyrocketed to $X in 2021. In general, imports enjoyed a temperate expansion. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Maldives (X tons) and India (X tons) dominates imports structure, together achieving 87% of total imports. It was distantly followed by Nepal (X tons), generating a 7.1% share of total imports. Bangladesh (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +28.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest crispbread importing markets in Southern Asia were Maldives ($X), India ($X) and Nepal ($X), with a combined 92% share of total imports.

Among the main importing countries, India, with a CAGR of +15.3%, recorded 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

The import price in Southern Asia stood at $X per ton in 2021, which is down by -16% against the previous year. Overall, the import price saw a deep reduction. The growth pace was the most rapid in 2020 when the import price increased by 27%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Nepal ($X per ton) and Maldives ($X per ton), while India ($X per ton) and Bangladesh ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Maldives (-3.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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