ASEAN: Market for Uncooked Pasta (Not Containing Eggs) 2024

Market Size for Uncooked Pasta (Not Containing Eggs) in ASEAN

In 2021, the ASEAN market for uncooked pasta (not containing eggs) decreased by -1.1% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Production of Uncooked Pasta (Not Containing Eggs) in ASEAN

In value terms, uncooked pasta (not containing eggs) production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2014 with an increase of 23% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Uncooked Pasta (Not Containing Eggs)

Exports in ASEAN

In 2021, approx. X tons of uncooked pasta (not containing eggs) were exported in ASEAN; increasing by 4% on the year before. Total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -10.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 27% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, uncooked pasta (not containing eggs) exports expanded markedly to $X in 2021. The total export value increased at an average annual rate of +5.2% 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 when exports increased by 13%. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

Thailand represented the key exporting country with an export of about X tons, which resulted at 56% of total exports. Vietnam (X tons) ranks second in terms of the total exports with a 24% share, followed by Indonesia (8.9%) and the Philippines (6.8%). Malaysia (X tons) followed a long way behind the leaders.

Exports from Thailand increased at an average annual rate of +4.2% from 2012 to 2021. At the same time, Indonesia (+10.3%), Vietnam (+9.4%), the Philippines (+8.2%) and Malaysia (+2.0%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +10.3% from 2012-2021. Vietnam (+6.2 p.p.) and Indonesia (+2.8 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest uncooked pasta (not containing eggs) supplier in ASEAN, comprising 65% of total exports. The second position in the ranking was held by Vietnam ($X), with a 17% share of total exports. It was followed by the Philippines, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value in Thailand totaled +4.3%. In the other countries, the average annual rates were as follows: Vietnam (+7.0% per year) and the Philippines (+12.0% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, increasing by 2.6% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 19% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, 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 (+3.5%), while the other leaders experienced more modest paces of growth.

Imports of Uncooked Pasta (Not Containing Eggs)

Imports in ASEAN

In 2021, after three years of growth, there was decline in supplies from abroad of uncooked pasta (not containing eggs), when their volume decreased by -1% to X tons. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.7% 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 +94.4% against 2013 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 26%. Over the period under review, imports attained the peak figure at X tons in 2020, and then dropped slightly in the following year.

In value terms, uncooked pasta (not containing eggs) imports stood at $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.8% 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 +81.2% against 2012 indices. The growth pace was the most rapid in 2018 with an increase of 22%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

The Philippines represented the main importing country with an import of about X tons, which recorded 39% of total imports. It was distantly followed by Singapore (X tons), Malaysia (X tons), Cambodia (X tons), Thailand (X tons), Vietnam (X tons) and Indonesia (X tons), together constituting a 58% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to uncooked pasta (not containing eggs) imports into the Philippines stood at +10.1%. At the same time, Cambodia (+22.3%), Vietnam (+19.2%), Malaysia (+7.6%), Thailand (+3.2%), Singapore (+2.4%) and Indonesia (+1.9%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +22.3% from 2012-2021. From 2012 to 2021, the share of the Philippines, Cambodia and Vietnam increased by +7, +4.7 and +3.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X), Singapore ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 72% share of total imports. Thailand, Indonesia, Vietnam and Cambodia lagged somewhat behind, together accounting for a further 24%.

In terms of the main importing countries, Cambodia, with a CAGR of +22.8%, recorded 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

In 2021, the import price in ASEAN amounted to $X per ton, picking up by 2.7% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 10% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Cambodia ($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 (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform