Southern Asia: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Southern Asia

In 2021, the South Asian rusks and toasted bread market decreased by -7% to $X for the first time since 2014, thus ending a six-year rising trend. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +64.5% against 2012 indices. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Production of Rusks, Toasted Bread and Similar Toasted Products in Southern Asia

In value terms, rusks and toasted bread production shrank to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +67.1% against 2012 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 20%. As a result, production attained the peak level of $X, and then fell in the following year.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports in Southern Asia

In 2021, overseas shipments of rusks, toasted bread and similar toasted products decreased by -31.8% to X tons for the first time since 2011, thus ending a nine-year rising trend. In general, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 58% against the previous year. The volume of export peaked at X tons in 2020, and then reduced rapidly in the following year.

In value terms, rusks and toasted bread exports dropped rapidly to $X in 2021. Over the period under review, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 44% against the previous year. The level of export peaked at $X in 2020, and then declined sharply in the following year.

Exports by Country

India (X tons) and Bangladesh (X tons) dominates exports structure, together comprising 97% of total exports. Pakistan (X tons) held a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +17.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the largest rusks and toasted bread supplier in Southern Asia, comprising 63% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 31% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +16.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Bangladesh (+15.5% per year) and Pakistan (+13.4% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, surging by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2015 when the export price increased by 13%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports in Southern Asia

For the seventh year in a row, Southern Asia recorded growth in overseas purchases of rusks, toasted bread and similar toasted products, which increased by 70% to X tons in 2021. Over the period under review, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2015 when imports increased by 106%. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, rusks and toasted bread imports soared to $X in 2021. Overall, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 90% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

India dominates imports structure, recording X tons, which was near 82% of total imports in 2021. Nepal (X tons) took the second position in the ranking, followed by Pakistan (X tons). All these countries together took near 14% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to rusks and toasted bread imports into India stood at +35.3%. At the same time, Nepal (+52.8%) and Pakistan (+12.3%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +52.8% from 2012-2021. From 2012 to 2021, the share of India and Nepal increased by +23 and +6.4 percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported rusks, toasted bread and similar toasted products in Southern Asia, comprising 82% of total imports. The second position in the ranking was taken by Nepal ($X), with an 8.6% share of total imports.

In India, rusks and toasted bread imports expanded at an average annual rate of +36.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Nepal (+39.9% per year) and Pakistan (-2.1% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, falling by -3.7% against the previous year. Overall, the import price saw a pronounced downturn. The growth pace was the most rapid in 2014 when the import price increased by 12% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices remained at a somewhat lower figure.

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 Nepal ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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