Australia and Oceania: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in Australia and Oceania

In 2021, after four years of growth, there was decline in the uncooked pasta market in Australia and Oceania, when its value decreased by -3% to $X. The market value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020, and then contracted slightly in the following year.

Uncooked Pasta Production in Australia and Oceania

In value terms, uncooked pasta production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 21%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Uncooked Pasta Exports

Exports in Australia and Oceania

In 2021, the amount of uncooked pasta exported in Australia and Oceania soared to X tons, growing by 20% compared with 2020. In general, exports showed a pronounced increase. The most prominent rate of growth was recorded in 2018 when exports increased by 290% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, uncooked pasta exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2018 with an increase of 340% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from Australia (X tons), together accounting for 99% of total export.

Australia was also the fastest-growing in terms of the uncooked pasta exports, with a CAGR of +3.0% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest uncooked pasta supplier in Australia and Oceania.

In Australia, uncooked pasta exports increased at an average annual rate of +2.2% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, growing by 9% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by 13% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to -0.7% per year.

Uncooked Pasta Imports

Imports in Australia and Oceania

In 2021, purchases abroad of uncooked pasta decreased by -19% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports showed a perceptible downturn. The growth pace was the most rapid in 2020 when imports increased by 19% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, uncooked pasta imports reduced to $X in 2021. In general, imports recorded a mild slump. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Australia (X tons) was the key importer of uncooked pasta, constituting 69% of total imports. It was distantly followed by New Zealand (X tons), comprising a 13% share of total imports. Papua New Guinea (X tons), Vanuatu (X tons) and Marshall Islands (X tons) followed a long way behind the leaders.

Imports into Australia decreased at an average annual rate of -3.4% from 2012 to 2021. At the same time, Papua New Guinea (+24.2%), Vanuatu (+6.8%), New Zealand (+2.3%) and Marshall Islands (+2.2%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +24.2% from 2012-2021. New Zealand (+4.3 p.p.), Papua New Guinea (+3.3 p.p.) and Vanuatu (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -9.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported uncooked pasta in Australia and Oceania, comprising 74% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 12% share of total imports. It was followed by Papua New Guinea, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value in Australia totaled -1.7%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+2.7% per year) and Papua New Guinea (+26.2% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, rising by 9.5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2018 when the import price increased by 17%. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+1.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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