Asia-Pacific: Market for Pasta Stuffed With Meat, Fish and Cheese 2024

Market Size for Pasta Stuffed With Meat, Fish and Cheese in Asia-Pacific

The Asia-Pacific market for pasta stuffed with meat, fish and cheese expanded to $X in 2022, growing by 2.6% against the previous year. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.0% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Pasta Stuffed With Meat, Fish and Cheese in Asia-Pacific

In value terms, meat, fish or cheese pasta production stood at $X in 2022 estimated in export price. The total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.0% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 42%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Pasta Stuffed With Meat, Fish and Cheese

Exports in Asia-Pacific

In 2022, meat, fish or cheese pasta exports in Asia-Pacific reached X tons, growing by 7.5% on 2021 figures. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.3% against 2016 indices. The pace of growth was the most pronounced in 2017 when exports increased by 27%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, meat, fish or cheese pasta exports expanded markedly to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.9% against 2015 indices. The growth pace was the most rapid in 2018 with an increase of 16%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

China prevails in exports structure, finishing at X tons, which was approx. 66% of total exports in 2022. South Korea (X tons) held a 9.8% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (9.7%) and Vietnam (8.8%). Taiwan (Chinese) (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to meat, fish or cheese pasta exports from China stood at +4.3%. At the same time, Vietnam (+15.1%), South Korea (+12.6%), Thailand (+10.6%) and Taiwan (Chinese) (+10.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +15.1% from 2012-2022. While the share of Vietnam (+4.8 p.p.), South Korea (+4.3 p.p.) and Thailand (+3.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (-13.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest meat, fish or cheese pasta supplier in Asia-Pacific, comprising 50% of total exports. The second position in the ranking was taken by Thailand ($X), with a 17% share of total exports. It was followed by Vietnam, with a 15% share.

In China, meat, fish or cheese pasta exports increased at an average annual rate of +3.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+9.1% per year) and Vietnam (+15.6% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, waning by -1.6% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the export price increased by 21% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.9%), while the other leaders experienced more modest paces of growth.

Imports of Pasta Stuffed With Meat, Fish and Cheese

Imports in Asia-Pacific

Meat, fish or cheese pasta imports stood at X tons in 2022, with an increase of 13% on 2021. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.9% against 2012 indices. The pace of growth was the most pronounced in 2018 with an increase of 16%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, meat, fish or cheese pasta imports expanded significantly to $X in 2022. In general, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2018 when imports increased by 25%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

Hong Kong SAR (X tons) and Japan (X tons) represented roughly 56% of total imports in 2022. Australia (X tons) ranks next in terms of the total imports with a 15% share, followed by South Korea (5.4%). Singapore (X tons), Macao SAR (X tons), the Philippines (X tons), China (X tons), Bhutan (X tons) and India (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +24.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Japan ($X) and Australia ($X) were the countries with the highest levels of imports in 2022, together accounting for 70% of total imports. Singapore, South Korea, China, Macao SAR, Bhutan, India and the Philippines lagged somewhat behind, together comprising a further 22%.

Among the main importing countries, the Philippines, with a CAGR of +28.3%, 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

In 2022, the import price in Asia-Pacific amounted to $X per ton, waning by -3.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2018 when the import price increased by 7.6%. The level of import peaked at $X per ton in 2021, and then fell modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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