Australia: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in Australia

In 2021, after four years of growth, there was significant decline in the Australian uncooked pasta market, when its value decreased by -5.9% to $X. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Uncooked pasta consumption peaked at $X in 2020, and then declined in the following year.

Uncooked Pasta Production in Australia

In value terms, uncooked pasta production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% 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 2018 with an increase of 33%. Over the period under review, production attained the maximum level at $X in 2020, and then declined slightly in the following year.

Uncooked Pasta Exports

Exports from Australia

In 2021, uncooked pasta exports from Australia skyrocketed to X tons, increasing by 19% on the previous year. In general, exports showed a pronounced increase. The most prominent rate of growth was recorded in 2018 with an increase of 313% 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.

In value terms, uncooked pasta exports soared to $X in 2021. Over the period under review, exports continue to indicate pronounced growth. The most prominent rate of growth was recorded in 2018 when exports increased by 390% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The Philippines (X tons), Singapore (X tons) and New Zealand (X tons) were the main destinations of uncooked pasta exports from Australia, with a combined 29% share of total exports. These countries were followed by Indonesia, Malaysia, the United States, Hong Kong SAR, Thailand, Sri Lanka, Samoa, Papua New Guinea, China and Taiwan (Chinese), which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Samoa (with a CAGR of +79.3%), while the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), the United States ($X) and Singapore ($X) were the largest markets for uncooked pasta exported from Australia worldwide, together comprising 30% of total exports. These countries were followed by Indonesia, New Zealand, Malaysia, Samoa, China, Hong Kong SAR, Sri Lanka, Thailand, Taiwan (Chinese) and Papua New Guinea, which together accounted for a further 27%.

Among the main countries of destination, Samoa, with a CAGR of +82.9%, recorded 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 average uncooked pasta export price stood at $X per ton in 2021, growing by 8.7% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 19% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Uncooked Pasta Imports

Imports into Australia

After two years of growth, overseas purchases of uncooked pasta decreased by -24.4% to X tons in 2021. Overall, imports saw a perceptible reduction. The pace of growth appeared the most rapid in 2020 with an increase of 23%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, uncooked pasta imports declined sharply to $X in 2021. In general, imports recorded a slight reduction. The most prominent rate of growth was recorded in 2020 with an increase of 27%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of uncooked pasta to Australia, with a 35% share of total imports. Moreover, uncooked pasta imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was held by Thailand (X tons), with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.0% per year) and Thailand (-7.8% per year).

In value terms, Italy ($X) constituted the largest supplier of uncooked pasta to Australia, comprising 34% of total imports. The second position in the ranking was taken by China ($X), with a 7.3% share of total imports. It was followed by Thailand, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.7% per year) and Thailand (-8.9% per year).

Import Prices by Country

The average uncooked pasta import price stood at $X per ton in 2021, picking up by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 24% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :