Asia-Pacific: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in Asia-Pacific

After nine years of growth, the Asia-Pacific uncooked pasta market decreased by -3% to $X in 2021. The market value increased at an average annual rate of +4.2% from 2012 to 2021; however, 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.

Uncooked Pasta Production in Asia-Pacific

In value terms, uncooked pasta production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 16%. The level of production peaked at $X in 2020, and then fell slightly in the following year.

Uncooked Pasta Exports

Exports in Asia-Pacific

In 2021, the amount of uncooked pasta exported in Asia-Pacific was estimated at X tons, leveling off at the previous year. The total export volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when exports increased by 13% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, uncooked pasta exports rose modestly to $X in 2021. The total export value increased at an average annual rate of +3.6% 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 2014 with an increase of 10% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Thailand represented the main exporting country with an export of around X tons, which recorded 30% of total exports. Vietnam (X tons) ranks second in terms of the total exports with a 13% share, followed by South Korea (8.9%), China (8.7%), Australia (6.6%), Japan (5.7%), Pakistan (4.8%) and Indonesia (4.7%).

From 2012 to 2021, average annual rates of growth with regard to uncooked pasta exports from Thailand stood at +3.3%. At the same time, Indonesia (+10.5%), Vietnam (+9.2%), Pakistan (+3.5%), Japan (+3.3%), South Korea (+3.1%) and Australia (+3.0%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +10.5% from 2012-2021. By contrast, China (-1.4%) illustrated a downward trend over the same period. Vietnam (+5.1 p.p.) and Indonesia (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -4.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest uncooked pasta supplier in Asia-Pacific, comprising 32% of total exports. The second position in the ranking was taken by South Korea ($X), with an 11% share of total exports. It was followed by Japan, with an 11% share.

In Thailand, uncooked pasta exports expanded at an average annual rate of +3.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+2.6% per year) and Japan (+3.0% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, flattening at the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 11% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2015; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.3%), while the other leaders experienced mixed trends in the export price figures.

Uncooked Pasta Imports

Imports in Asia-Pacific

In 2021, uncooked pasta imports in Asia-Pacific declined to X tons, shrinking by -7.5% on the year before. The total import volume increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 15%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, uncooked pasta imports dropped to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 16% against the previous year. As a result, imports reached the peak of $X, and then declined modestly in the following year.

Imports by Country

Japan (X tons) and South Korea (X tons) represented roughly 48% of total imports in 2021. China (X tons) held an 8.8% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (8.4%), the Philippines (7.8%) and Australia (7.2%). Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +28.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Australia ($X) were the countries with the highest levels of imports in 2021, with a combined 60% share of total imports. These countries were followed by Hong Kong SAR, China, the Philippines and Singapore, which together accounted for a further 24%.

China, with a CAGR of +28.2%, saw the highest rates of growth with regard to the value of imports, among 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-Pacific amounted to $X per ton, picking up by 4.7% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per ton), while the Philippines ($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 (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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