China: Pasta Products Market 2024

Pasta Products Market Size in China

The Chinese pasta products market fell slightly to $X in 2022, with a decrease of -2.4% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Pasta Products Production in China

In value terms, pasta products production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 29%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Pasta Products Exports

Exports from China

In 2022, shipments abroad of dried, undried and frozen pasta and pasta products increased by 8.7% to X tons, rising for the sixth year in a row after two years of decline. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 38% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, pasta products exports reached $X in 2022. The total export value increased at an average annual rate of +4.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

South Korea (X tons), the United States (X tons) and Canada (X tons) were the main destinations of pasta products exports from China, with a combined 37% share of total exports. The UK, Japan, the Netherlands, Malaysia, the Philippines, Australia, Russia, Germany, France and Indonesia lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +11.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pasta products exported from China were the United States ($X), South Korea ($X) and Canada ($X), with a combined 36% share of total exports. Japan, the UK, the Philippines, Malaysia, the Netherlands, Australia, Russia, Germany, France and Indonesia lagged somewhat behind, together accounting for a further 31%.

Russia, with a CAGR of +12.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pasta products export price stood at $X per ton in 2022, surging by 5.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2016 an increase of 32%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta Products Imports

Imports into China

Pasta products imports into China rose to X tons in 2022, surging by 3.8% compared with the previous year's figure. Overall, imports showed buoyant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 67% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, pasta products imports rose notably to $X in 2022. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 45% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, South Korea (X tons) constituted the largest pasta products supplier to China, with a 65% share of total imports. Moreover, pasta products imports from South Korea exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), sixfold. Vietnam (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea stood at +36.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+39.8% per year) and Vietnam (+55.1% per year).

In value terms, South Korea ($X) constituted the largest supplier of dried, undried and frozen pasta and pasta products to China, comprising 65% of total imports. The second position in the ranking was held by Indonesia ($X), with a 9.9% share of total imports. It was followed by Vietnam, with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea amounted to +38.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+50.9% per year) and Vietnam (+55.9% per year).

Import Prices by Country

The average pasta products import price stood at $X per ton in 2022, picking up by 3.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The pace of growth was the most pronounced in 2017 an increase of 23% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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