ASEAN: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in ASEAN

In 2021, after two years of decline, there was growth in the ASEAN uncooked pasta market, when its value increased by 0.8% to $X. The market value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Uncooked Pasta Production in ASEAN

In value terms, uncooked pasta production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by 17% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Uncooked Pasta Exports

Exports in ASEAN

In 2021, uncooked pasta exports in ASEAN expanded slightly to X tons, surging by 4.3% against the year before. Total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -11.7% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 27% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, uncooked pasta exports rose rapidly to $X in 2021. The total export value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 13% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

In 2021, Thailand (X tons) was the key exporter of uncooked pasta, mixing up 55% of total exports. Vietnam (X tons) held a 23% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (8.6%) and the Philippines (6.9%). Malaysia (X tons) followed a long way behind the leaders.

Exports from Thailand increased at an average annual rate of +3.3% from 2012 to 2021. At the same time, Indonesia (+10.5%), Vietnam (+9.2%), Malaysia (+4.7%) and the Philippines (+3.5%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +10.5% from 2012-2021. While the share of Vietnam (+7.1 p.p.) and Indonesia (+3.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Thailand (-7.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest uncooked pasta supplier in ASEAN, comprising 64% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 17% share of total exports. It was followed by the Philippines, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value in Thailand amounted to +3.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+7.0% per year) and the Philippines (+7.2% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, rising by 2.9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the export price increased by 17%. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Thailand ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+3.6%), while the other leaders experienced a decline in the export price figures.

Uncooked Pasta Imports

Imports in ASEAN

After three years of growth, supplies from abroad of uncooked pasta decreased by -2.3% to X tons in 2021. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +101.4% against 2013 indices. The pace of growth was the most pronounced in 2014 when imports increased by 30%. The volume of import peaked at X tons in 2020, and then reduced slightly in the following year.

In value terms, uncooked pasta imports declined slightly to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +79.4% against 2013 indices. The pace of growth was the most pronounced in 2014 with an increase of 26% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then shrank slightly in the following year.

Imports by Country

In 2021, the Philippines (X tons) was the major importer of uncooked pasta, creating 38% of total imports. Singapore (X tons) held the second position in the ranking, followed by Malaysia (X tons), Thailand (X tons), Cambodia (X tons), Indonesia (X tons) and Vietnam (X tons). All these countries together held approx. 58% share of total imports.

Imports into the Philippines increased at an average annual rate of +8.6% from 2012 to 2021. At the same time, Cambodia (+22.0%), Vietnam (+15.8%), Malaysia (+7.6%), Thailand (+5.5%) and Singapore (+1.1%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +22.0% from 2012-2021. Indonesia experienced a relatively flat trend pattern. While the share of the Philippines (+6.4 p.p.), Cambodia (+4.8 p.p.), Vietnam (+2.4 p.p.) and Malaysia (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Indonesia (-3.9 p.p.) and Singapore (-10.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest uncooked pasta importing markets in ASEAN were the Philippines ($X), Singapore ($X) and Malaysia ($X), together accounting for 69% of total imports. Thailand, Indonesia, Vietnam and Cambodia lagged somewhat behind, together comprising a further 26%.

In terms of the main importing countries, Cambodia, with a CAGR of +22.4%, 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

The import price in ASEAN stood at $X per ton in 2021, remaining constant against the previous year. Over the period under review, the import price recorded a slight slump. The pace of growth appeared the most rapid in 2017 when the import price increased by 9.4%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Vietnam ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform