ASEAN: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in ASEAN

The ASEAN pasta and couscous market rose remarkably to $X in 2022, picking up by 10% against the previous year. Overall, consumption posted a resilient expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Pasta And Couscous Production in ASEAN

In value terms, pasta and couscous production rose modestly to $X in 2022 estimated in export price. Over the period under review, production saw strong growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 21% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Pasta And Couscous Exports

Exports in ASEAN

In 2022, exports of stuffed pasta and couscous in ASEAN was estimated at X tons, remaining constant against the previous year. Total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -5.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 17% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, pasta and couscous exports rose modestly to $X in 2022. Over the period under review, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2019 when exports increased by 18% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

The biggest shipments were from Indonesia (X tons), Thailand (X tons) and Vietnam (X tons), together reaching 85% of total export. It was distantly followed by Malaysia (X tons), constituting an 8.5% share of total exports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of +13.2%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 86% share of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of +15.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, rising by 2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2013 an increase of 4.7% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+2.0%), while the other leaders experienced more modest paces of growth.

Pasta And Couscous Imports

Imports in ASEAN

For the third year in a row, ASEAN recorded growth in overseas purchases of stuffed pasta and couscous, which increased by 88% to X tons in 2022. Over the period under review, imports enjoyed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pasta and couscous imports reached $X in 2022. In general, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2017 when imports increased by 25% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

Malaysia dominates imports structure, amounting to X tons, which was near 69% of total imports in 2022. The Philippines (X tons) held an 8.1% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (7.3%) and Vietnam (5.3%). Indonesia (X tons) and Thailand (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to pasta and couscous imports into Malaysia stood at +14.1%. At the same time, Indonesia (+14.9%), Vietnam (+13.8%), Thailand (+11.3%), Singapore (+7.0%) and the Philippines (+6.4%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +14.9% from 2012-2022. Malaysia (+18 p.p.) significantly strengthened its position in terms of the total imports, while Singapore and the Philippines saw its share reduced by -3% and -4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X), Singapore ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2022, with a combined 66% share of total imports. Thailand, Indonesia and the Philippines lagged somewhat behind, together accounting for a further 28%.

Thailand, with a CAGR of +18.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, shrinking by -46.6% against the previous year. In general, the import price saw a perceptible setback. The pace of growth appeared the most rapid in 2018 when the import price increased by 6.9% against the previous year. The level of import peaked at $X per ton in 2021, and then reduced sharply in the following year.

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 Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform