ASEAN: Market for Fresh Bread and Miscellaneous Bakery 2024

Market Size for Fresh Bread and Miscellaneous Bakery in ASEAN

The ASEAN market for fresh bread and miscellaneous bakery stood at $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the market reached the maximum level in 2023 and is likely to see steady growth in years to come.

Production of Fresh Bread and Miscellaneous Bakery in ASEAN

In value terms, fresh bread and miscellaneous bakery production expanded to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Fresh Bread and Miscellaneous Bakery

Exports in ASEAN

In 2023, shipments abroad of fresh bread and miscellaneous bakery decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Total exports indicated a strong increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X tons in 2022, and then fell modestly in the following year.

In value terms, fresh bread and miscellaneous bakery exports amounted to $X in 2023. Over the period under review, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

Malaysia was the largest exporting country with an export of about X tons, which recorded X% of total exports. Vietnam (X tons) ranks second in terms of the total exports with a X% share, followed by Thailand (X%), Indonesia (X%) and the Philippines (X%). Singapore (X tons) held a minor share of total exports.

Exports from Malaysia increased at an average annual rate of X% from 2012 to 2023. At the same time, Thailand (X%), Indonesia (X%), Vietnam (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Singapore (X%) illustrated a downward trend over the same period. Thailand (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total exports, while Vietnam, Singapore and the Philippines saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest fresh bread and miscellaneous bakery supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with an X% share of total exports. It was followed by Vietnam, with a X% share.

In Malaysia, fresh bread and miscellaneous bakery exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, growing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the export prices reached the peak figure in 2023 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in the Philippines ($X per ton) and Thailand ($X per ton), while Indonesia ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Imports of Fresh Bread and Miscellaneous Bakery

Imports in ASEAN

In 2023, overseas purchases of fresh bread and miscellaneous bakery decreased by X% to X tons, falling for the second year in a row after seven years of growth. In general, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, fresh bread and miscellaneous bakery imports shrank to $X in 2023. Overall, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2022, and then shrank in the following year.

Imports by Country

Singapore was the major importing country with an import of about X tons, which resulted at X% of total imports. Malaysia (X tons) ranks second in terms of the total imports with a X% share, followed by Vietnam (X%), Thailand (X%), the Philippines (X%) and Indonesia (X%). Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

Imports into Singapore increased at an average annual rate of X% from 2012 to 2023. At the same time, Lao People's Democratic Republic (X%), Vietnam (X%), Malaysia (X%), Thailand (X%), the Philippines (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. Malaysia (X p.p.), Vietnam (X p.p.), Lao People's Democratic Republic (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia, the Philippines and Singapore saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, the largest fresh bread and miscellaneous bakery importing markets in ASEAN were Singapore ($X), Thailand ($X) and Vietnam ($X), together accounting for X% of total imports. Malaysia, the Philippines, Indonesia and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Lao People's Democratic Republic, with a CAGR of X%, saw the highest rates of growth with regard to 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 ASEAN stood at $X per ton in 2023, dropping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform