Wheat and meslin flour and cereals market in South-eastern Asia

Earlier Report Observations

The wheat and meslin flour and cereals market in South-eastern Asia grew steadily in physical volume from 12 450 thousand tons in 2018 to a peak of 15 083 thousand tons in 2021, followed by a stabilization around 13 900 thousand tons in 2022 and 2023.

In value terms, the market demonstrated strong expansion from $34 626 million in 2018 to $53 767 million in 2023, with a notable surge in 2021 when the market value jumped to $49 475 million.

By 2024, regional trade was characterized by declining average import and export prices, alongside highly concentrated trade flows with Singapore as a key partner. Global supply dynamics and regional demand, significantly influenced by China as the world's largest consumer, continued to shape market conditions.

Production wheat and meslin flour and cereals in South-eastern Asia

In kind, 2017-2020, K t

Top producers of wheat and meslin flour and cereals, 2017-2020

World map of production of wheat and meslin flour and cereals, 2017-2020

Wheat and meslin flour and cereals production in South-eastern Asia has increased for the second year in a row. In 2020, the region produced 14 358 K t, marking an 11.3% rise from the previous year. Production hit its lowest point in 2018 at 12 224 K t, which also saw the largest decline of 13.1%.

Annual dynamics of production in South-eastern Asia in kind, 2017-2020, K t

In value, 2017-2020, M $ US

Wheat and meslin flour and cereals production in South-eastern Asia has grown for the second consecutive year. In 2020, the output was valued at 38 457 M $ US, a 7.2% increase year-over-year. From 2017 to 2020, production rose by 5%, with a compound annual growth rate of 1.6%. The lowest value occurred in 2018 at 34 487 M $ US, which also experienced the biggest drop of 5.8%.

Annual dynamics of production in South-eastern Asia in value, 2017-2020, M $ US

Exports wheat and meslin flour and cereals from South-eastern Asia

Exports in kind, K t

The market showed significant volatility during this period. Exports peaked in 2018 at 394.0 K t, then fell to a low of 175.2 K t in 2019, representing a 2.2-fold difference. In 2020, exports rebounded sharply to 349.3 K t, a 99.4% surge from the previous year. The largest decline was recorded in 2019 at 55.5%.

Annual dynamics of product's exports from South-eastern Asia in kind, 2017-2020, K t

From 2017 to 2020, the main destinations for exports in kind were Hong Kong (5.8% of exports), Papua New Guinea (5.7%), and South Korea (1.9%). Together, these three markets accounted for 13.4% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from South-eastern Asia in kind, 2017-2020

Exports in value, M $ US

In 2020, South-eastern Asia's wheat and meslin flour and cereals exports reached 183.3 M $ US, down 5.5% from the previous year. Between 2017 and 2020, exports declined by 5.4%, with a compound annual growth rate of 1.8%. The highest value was recorded in 2019 at 193.9 M $ US, which also saw the largest increase of 3.9%.

Annual dynamics of product's exports from South-eastern Asia in value, 2017-2020, M $ US

From 2017 to 2020, the export structure in value terms was highly diversified. Hong Kong (5.7% of exports), Papua New Guinea (5.2%), and South Korea (1.8%) together made up just 12.6% of total flows, while a long tail of smaller markets accounted for the remaining 87.4%.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from South-eastern Asia in value, 2017-2020

Imports wheat and meslin flour and cereals to South-eastern Asia

Imports in kind, K t

Wheat and meslin flour and cereals imports into South-eastern Asia have declined for the third straight year. In 2020, import volumes totaled 552.8 K t, a 4.6% decrease from 2019. Over the 2017-2020 period, imports fell by 19.8%, with a compound annual growth rate of 7.1%.

Annual dynamics of product's imports to South-eastern Asia in kind, 2017-2020, K t

Between 2017 and 2020, imports in kind were spread across a broad range of partner countries. Turkey (12.6% of imports), Australia (11.2%), and the United States (10.1%) together accounted for 33.9% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to South-eastern Asia in kind, 2017-2020

Imports in value, M $ US

South-eastern Asia imported 293.3 M $ US worth of wheat and meslin flour and cereals in 2020, up 11.3% from the previous year. From 2017 to 2020, imports decreased by 9.4%, equivalent to an annualized rate of 3.2%. The lowest value was in 2019 at 263.5 M $ US, while the highest was in 2018 at 325.5 M $ US. The largest decline occurred in 2019, dropping by 19.0%.

Annual dynamics of product's imports to South-eastern Asia in value, 2017-2020, M $ US

From 2017 to 2020, the import structure in value terms was highly diversified. Turkey (10.2% of imports), Australia (8.6%), and the United States (7.9%) together represented only 26.7% of total flows, with a long tail of smaller markets making up the remaining 73.3%.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to South-eastern Asia in value, 2017-2020