ASEAN: Market for Pasta Stuffed With Meat, Fish and Cheese 2024

Market Size for Pasta Stuffed With Meat, Fish and Cheese in ASEAN

The ASEAN market for pasta stuffed with meat, fish and cheese stood at $X in 2022, increasing by 2.8% against the previous year. Overall, consumption continues to indicate a prominent increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Pasta Stuffed With Meat, Fish and Cheese in ASEAN

In value terms, meat, fish or cheese pasta production rose slightly to $X in 2022 estimated in export price. Over the period under review, production showed a prominent expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by 40%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Pasta Stuffed With Meat, Fish and Cheese

Exports in ASEAN

In 2022, exports of pasta stuffed with meat, fish and cheese in ASEAN expanded significantly to X tons, increasing by 8.5% on 2021 figures. Over the period under review, exports saw a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 48%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, meat, fish or cheese pasta exports reached $X in 2022. In general, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 46% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Thailand (X tons) and Vietnam (X tons) represented roughly 98% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +15.1%).

In value terms, Thailand ($X) and Vietnam ($X) were the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Vietnam, with a CAGR of +15.6%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, dropping by -4.2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 13%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Vietnam stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+0.4%).

Imports of Pasta Stuffed With Meat, Fish and Cheese

Imports in ASEAN

In 2022, imports of pasta stuffed with meat, fish and cheese in ASEAN rose rapidly to X tons, picking up by 5.6% against the previous year. Over the period under review, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 83% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, meat, fish or cheese pasta imports rose remarkably to $X in 2022. Overall, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 81% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Singapore (X tons), distantly followed by the Philippines (X tons), Vietnam (X tons), Cambodia (X tons) and Malaysia (X tons) represented the largest importers of pasta stuffed with meat, fish and cheese, together making up 91% of total imports. The following importers - Thailand (X tons) and Myanmar (X tons) - each finished at a 6.1% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +32.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported pasta stuffed with meat, fish and cheese in ASEAN, comprising 58% of total imports. The second position in the ranking was held by Cambodia ($X), with a 12% share of total imports. It was followed by Vietnam, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore totaled +17.1%. The remaining importing countries recorded the following average annual rates of imports growth: Cambodia (+38.2% per year) and Vietnam (+33.1% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, increasing by 5.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2021 an increase of 27% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+13.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform