Asia: Couscous Market 2024

Couscous Market Size in Asia

The Asian couscous market reduced modestly to $X in 2021, dropping by -4.5% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then declined modestly in the following year.

Couscous Production in Asia

In value terms, couscous production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the production volume increased by 15%. Over the period under review, production reached the maximum level at $X in 2020, and then reduced in the following year.

Couscous Exports

Exports in Asia

In 2021, shipments abroad of couscous increased by 44% to X tons, rising for the second year in a row after three years of decline. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +66.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, couscous exports surged to $X in 2021. The total export 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. The pace of growth was the most pronounced in 2014 when exports increased by 29% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) and Israel (X tons) represented roughly 76% of total exports in 2021. India (X tons) ranks next in terms of the total exports with an 11% share, followed by Lebanon (6.6%). Palestine (X tons) took a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +61.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest couscous supplying countries in Asia were Israel ($X), Turkey ($X) and India ($X), with a combined 84% share of total exports.

Turkey, with a CAGR of +52.9%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, with a decrease of -17.1% against the previous year. Over the period under review, the export price continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2017 when the export price increased by 12%. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a 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 India ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.6%), while the other leaders experienced mixed trends in the export price figures.

Couscous Imports

Imports in Asia

In 2021, approx. X tons of couscous were imported in Asia; increasing by 6.6% against the previous year's figure. The total import volume 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 most prominent rate of growth was recorded in 2013 with an increase of 16%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, couscous imports rose notably to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.0% 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 +65.6% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of 23% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Israel (X tons), distantly followed by India (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X tons) were the major importers of couscous, together constituting 76% of total imports. Qatar (X tons), China (X tons), Japan (X tons) and Kuwait (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +22.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Israel ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2021, with a combined 65% share of total imports.

India, with a CAGR of +17.3%, saw 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 2021, the import price in Asia amounted to $X per ton, picking up by 4.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2020 an increase of 12% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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