bread market Archives

Bread and bakery products are staple food items that are consumed by people all over the world. While many countries produce their own bread and bakery products, there are also several countries that heavily rely on imports to meet the demand of their consumers. In this article, we will explore the top import markets for bread and bakery products, providing key statistics and numbers to give you an insight into the global import trade.

1. United States

The United States has the highest import value for bread and bakery products in the world. In 2022, the import value reached a staggering $9.4 billion. The popularity of bread and bakery products such as bagels, croissants, and pastries in the US has contributed to the consistent growth of this market. With a large population and diverse culinary preferences, the United States continues to be a lucrative market for bread and bakery imports.

2. United Kingdom

The United Kingdom ranks second in terms of import value for bread and bakery products. In 2022, the import value stood at $3.6 billion. The British love for tea and pastries has created a significant demand for bakery products, driving the import market. With the presence of numerous high-quality bakeries and cafes, the UK has a thriving market for imported bread and bakery items.

3. Germany

Germany is another major player in the global import market for bread and bakery products. With an import value of $3.1 billion in 2022, Germany holds a strong position in this industry. German consumers have a penchant for bread, and the country is known for its rich variety of bread and bakery products. While Germany produces a significant amount of bread domestically, the import market is still substantial due to the demand for specialty and exotic breads.

4. France

France is renowned for its culinary traditions, and bread holds a special place in French gastronomy. With an import value of $2.7 billion in 2022, France is a prominent import market for bread and bakery products. French consumers value the quality and craftsmanship of bread, and they are willing to explore imported bread varieties. This creates opportunities for bread exporters from different parts of the world to enter the French market.

5. Canada

Canada has a growing appetite for bread and bakery products, which is reflected in its import market. In 2022, the import value for bread and bakery products in Canada was $2.0 billion. The multicultural nature of Canada contributes to the diverse demand for bread and bakery items. As the population continues to grow and become more diverse, the market for imported bread and bakery products is expected to expand further.

6. Netherlands

The Netherlands is a significant import market for bread and bakery products, with an import value of $1.9 billion in 2022. The Dutch have a strong bread culture and enjoy a wide variety of bread and bakery products. The import market complements the domestic production, allowing consumers to access a diverse range of bread from different parts of the world.

7. Belgium

Belgium is known for its indulgent chocolates and delicious waffles, but the country also has a thriving bread and bakery import market. With an import value of $1.6 billion in 2022, Belgium attracts both domestic and international bread producers. The demand for high-quality bakery products is high in Belgium, providing opportunities for bread and bakery exporters.

8. Italy

Italy, famous for its pasta and pizzas, also has a flourishing bread and bakery import market. In 2022, the import value for bread and bakery products in Italy reached $1.1 billion. While Italian cuisine is primarily focused on pasta and rice, bread is still an essential part of their gastronomy. The import market allows Italian consumers to explore different bread varieties from around the world.

9. Australia

Australia has a rapidly growing import market for bread and bakery products, with an import value of $999.6 million in 2022. The diverse culinary landscape in Australia, influenced by different cultures, has contributed to the demand for imported bread and bakery items. With an increasing population and evolving consumer preferences, the import market is expected to continue its upward trajectory.

10. Spain

Spain completes the list of the top import markets for bread and bakery products, with an import value of $999.5 million in 2022. Bread is an integral part of Spanish cuisine, and consumers have a strong preference for traditional bread varieties. However, the import market allows them to experience a wider range of bread and bakery products, adding diversity to their culinary choices.

In conclusion, the import market for bread and bakery products is significant in various countries across the globe. The demand for diverse, high-quality bread and bakery items has created lucrative opportunities for exporters. Understanding the key markets and their import values can provide valuable insights for those involved in the bread and bakery industry.

Source: IndexBox Market Intelligence Platform

IndexBox has just published a new report, the EU – Rusks, Toasted Bread And Similar Toasted Products – Market Analysis, Forecast, Size, Trends And Insights. Here is a summary of the report’s key findings.

The revenue of the toasted bread market in the European Union amounted to $2.8B in 2017, surging by 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).

The market value increased at an average annual rate of +4.2% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008, when it surged by 23% y-o-y. The level of toasted bread consumption peaked at $2.9B in 2014; however, from 2015 to 2017, consumption stood at a somewhat lower figure.

Production in the EU

In 2017, the amount of rusks, toasted bread and similar toasted products produced in the European Union totaled 1M tonnes, rising by 9.1% against the previous year. The total output volume increased at an average annual rate of +3.7% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.

Exports in the EU

In 2017, approx. 157K tonnes of rusks, toasted bread and similar toasted products were exported in the European Union; flattening at the previous year. The total export volume increased at an average annual rate of +2.2% over the period from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review.

In value terms, toasted bread exports stood at $420M (IndexBox estimates) in 2017. The total export value increased at an average annual rate of +2.4% from 2007 to 2017; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, toasted bread exports attained their maximum at $477M in 2014; however, from 2015 to 2017, exports stood at a somewhat lower figure.

Exports by Country

Italy (28K tonnes), Spain (20K tonnes), the Netherlands (18K tonnes), France (13K tonnes), Bulgaria (10K tonnes), Portugal (8.7K tonnes), Sweden (8.3K tonnes), Finland (7.5K tonnes), the UK (7.1K tonnes), Belgium (6.4K tonnes), Germany (5.8K tonnes) and Lithuania (5.6K tonnes) represented roughly 88% of total exports of rusks, toasted bread and similar toasted products in 2017.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Lithuania, while the other leaders experienced more modest paces of growth.

In value terms, the largest toasted bread markets worldwide were Italy ($88M), the Netherlands ($50M) and Spain ($41M), together comprising 43% of total exports. France, Bulgaria, Sweden, Finland, Portugal, Germany, Belgium, the UK and Lithuania lagged somewhat behind, together comprising a further 46%.

Export Prices by Country

In 2017, the toasted bread export price in the European Union amounted to $2.7 per kg, going up by 2.8% against the previous year. The the toasted bread export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, when the export price increased by 12% against the previous year. The level of export price peaked at $2,962 per tonne in 2014; however, from 2015 to 2017, export prices remained at a lower figure.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Sweden ($3,363 per tonne), while Lithuania ($705 per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Imports in the EU

In 2017, toasted bread imports in the European Union stood at 177K tonnes, approximately mirroring the previous year. The total import volume increased at an average annual rate of +2.4% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.

In value terms, toasted bread imports totaled $391M (IndexBox estimates) in 2017. The total import value increased at an average annual rate of +1.7% from 2007 to 2017; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, toasted bread imports attained their maximum at $413M in 2014; however, from 2015 to 2017, imports remained at a lower figure.

Imports by Country

In 2017, France (37K tonnes) and Belgium (27K tonnes) were the largest importers of rusks, toasted bread and similar toasted products in the globe, together creating 36% of total imports. It was distantly followed by Spain (15K tonnes), Germany (15K tonnes), Italy (12K tonnes) and the Netherlands (8.7K tonnes), together creating 28% share of total imports. The following importers – the UK (7.8K tonnes), Austria (7.3K tonnes), Portugal (5.7K tonnes), Romania (5.3K tonnes), Ireland (4.2K tonnes) and Greece (4.2K tonnes) together made up 20% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Austria, while the other leaders experienced more modest paces of growth.

In value terms, France ($80M), Belgium ($41M) and Spain ($38M) constituted the countries with the highest levels of imports in 2017, with a combined 41% share of total imports. Germany, the UK, the Netherlands, Italy, Austria, Portugal, Ireland, Greece and Romania lagged somewhat behind, together comprising a further 42%.

Import Prices by Country

The toasted bread import price in the European Union stood at $2.2 per kg in 2017, going up by 4.7% against the previous year. The the toasted bread import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, when it surged by 17% year-to-year. In that year, the import prices for rusks, toasted bread and similar toasted products attained their peak level of $2.8 per kg. From 2009 to 2017, the growth in terms of the import prices for rusks, toasted bread and similar toasted products failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was the UK ($3,873 per tonne), while Belgium ($1,508 per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the UK, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

The World’s Best Import Markets for Bread and Bakery