Asia: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in Asia

The Asian pasta and couscous market rose modestly to $X in 2022, surging by 2% against the previous year. The total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 -2.6% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Pasta And Couscous Production in Asia

In value terms, pasta and couscous production expanded slightly to $X in 2022 estimated in export price. The total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 -2.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 27%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Pasta And Couscous Exports

Exports in Asia

In 2022, shipments abroad of stuffed pasta and couscous increased by 7.3% to X tons, rising for the sixth consecutive year after two years of decline. Total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.6% 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 +78.4% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 24% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, pasta and couscous exports amounted to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.4% 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 +103.3% against 2012 indices. The growth pace was the most rapid in 2020 with an increase of 16%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

In 2022, China (X tons) represented the major exporter of stuffed pasta and couscous, achieving 37% of total exports. South Korea (X tons) ranks second in terms of the total exports with a 16% share, followed by Indonesia (9.9%), Thailand (8.6%), Vietnam (7%) and Turkey (5.7%). Kazakhstan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to pasta and couscous exports from China stood at +3.2%. At the same time, South Korea (+14.5%), Vietnam (+13.2%), Kazakhstan (+11.5%), Thailand (+6.7%), Indonesia (+3.7%) and Turkey (+3.3%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia, with a CAGR of +14.5% from 2012-2022. From 2012 to 2022, the share of South Korea and Vietnam increased by +9 and +3.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pasta and couscous supplying countries in Asia were China ($X), South Korea ($X) and Thailand ($X), with a combined 66% share of total exports. Indonesia, Vietnam, Turkey and Kazakhstan lagged somewhat behind, together comprising a further 19%.

In terms of the main exporting countries, Kazakhstan, with a CAGR of +20.0%, saw the highest growth rate of the value of exports, 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 2022, increasing by 1.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2016 an increase of 15% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+7.7%), while the other leaders experienced more modest paces of growth.

Pasta And Couscous Imports

Imports in Asia

In 2022, approx. X tons of stuffed pasta and couscous were imported in Asia; increasing by 25% against 2021 figures. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +7.1% 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 +100.5% against 2013 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pasta and couscous imports reached $X in 2022. Over the period under review, imports recorded a strong expansion. The pace of growth was the most pronounced in 2020 when imports increased by 16%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

Malaysia was the largest importing country with an import of around X tons, which finished at 29% of total imports. It was distantly followed by Hong Kong SAR (X tons), China (X tons) and Japan (X tons), together mixing up a 27% share of total imports. The following importers - the Philippines (X tons), Iraq (X tons), Singapore (X tons), Kazakhstan (X tons), Vietnam (X tons), Taiwan (Chinese) (X tons), the United Arab Emirates (X tons), Indonesia (X tons) and India (X tons) - together made up 23% of total imports.

From 2012 to 2022, average annual rates of growth with regard to pasta and couscous imports into Malaysia stood at +14.1%. At the same time, India (+20.4%), Indonesia (+14.9%), China (+14.8%), Vietnam (+13.8%), Taiwan (Chinese) (+9.2%), Singapore (+7.0%), the Philippines (+6.4%), Japan (+6.4%), Hong Kong SAR (+4.2%), the United Arab Emirates (+2.9%), Kazakhstan (+1.4%) and Iraq (+1.4%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia, with a CAGR of +20.4% from 2012-2022. Malaysia (+14 p.p.) and China (+5.2 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan, Iraq and Hong Kong SAR saw its share reduced by -1.9%, -2.5% and -3.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pasta and couscous importing markets in Asia were China ($X), Hong Kong SAR ($X) and Malaysia ($X), with a combined 43% share of total imports. Japan, Singapore, Taiwan (Chinese), Vietnam, the United Arab Emirates, Kazakhstan, Indonesia, the Philippines, India and Iraq lagged somewhat behind, together accounting for a further 33%.

In terms of the main importing countries, India, with a CAGR of +24.8%, 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 2022, the import price in Asia amounted to $X per ton, reducing by -17.8% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 6.6%. The level of import peaked at $X per ton in 2021, and then declined significantly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Malaysia ($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 (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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