South-Eastern Asia: Market for Fresh Bread and Miscellaneous Bakery 2024

Market Size for Fresh Bread and Miscellaneous Bakery in South-Eastern Asia

The Southeast Asian market for fresh bread and miscellaneous bakery expanded slightly to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021; afterwards, it flattened through to 2023.

Production of Fresh Bread and Miscellaneous Bakery in South-Eastern Asia

In value terms, fresh bread and miscellaneous bakery production reached $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Fresh Bread and Miscellaneous Bakery

Exports in South-Eastern Asia

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 resilient 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% against the previous year. The volume of export peaked at X tons in 2022, and then fell slightly in the following year.

In value terms, fresh bread and miscellaneous bakery exports amounted to $X in 2023. Overall, exports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

In 2023, Malaysia (X tons) represented the major exporter of fresh bread and miscellaneous bakery, comprising 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) took a relatively small share of total exports.

From 2012 to 2023, average annual rates of growth with regard to fresh bread and miscellaneous bakery exports from Malaysia stood at X%. 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 South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Thailand and Indonesia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest fresh bread and miscellaneous bakery supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($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 expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2023 and is expected to retain growth in the near future.

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 South-Eastern Asia

In 2023, purchases abroad of fresh bread and miscellaneous bakery decreased by X% to X tons, falling for the second consecutive year after eight years of growth. In general, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, fresh bread and miscellaneous bakery imports fell to $X in 2023. Over the period under review, imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then dropped in the following year.

Imports by Country

In 2023, Singapore (X tons) was the major importer of fresh bread and miscellaneous bakery, committing X% of total imports. Malaysia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, 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.

From 2012 to 2023, average annual rates of growth with regard to fresh bread and miscellaneous bakery imports into Singapore stood at X%. 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 South-Eastern Asia, 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 South-Eastern Asia were Singapore ($X), Thailand ($X) and Vietnam ($X), together comprising X% of total imports. Malaysia, the Philippines, Indonesia and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Lao People's Democratic Republic, with a CAGR of X%, saw 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

In 2023, the import price in South-Eastern Asia amounted to $X per ton, declining by X% against the previous year. Over the last eleven years, 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% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped 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