China: Market for Pasta Stuffed With Meat, Fish and Cheese 2024

Market Size for Pasta Stuffed With Meat, Fish and Cheese in China

The Chinese market for pasta stuffed with meat, fish and cheese reached $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Pasta Stuffed With Meat, Fish and Cheese in China

In value terms, meat, fish or cheese pasta production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; however, 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 38%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Pasta Stuffed With Meat, Fish and Cheese

Exports from China

In 2022, the amount of pasta stuffed with meat, fish and cheese exported from China expanded notably to X tons, with an increase of 11% on 2021. Overall, total exports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.3% 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 +31.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 37% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, meat, fish or cheese pasta exports rose sharply to $X in 2022. The total export value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

The United States (X tons) was the main destination for meat, fish or cheese pasta exports from China, accounting for a 20% share of total exports. Moreover, meat, fish or cheese pasta exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), twofold. The Netherlands (X tons) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-7.6% per year) and the Netherlands (+8.1% per year).

In value terms, the largest markets for meat, fish or cheese pasta exported from China were the United States ($X), Japan ($X) and Australia ($X), with a combined 33% share of total exports. The Netherlands, the UK, Canada, Germany, South Korea, Spain, Singapore, Belgium and New Zealand lagged somewhat behind, together comprising a further 29%.

Belgium, with a CAGR of +16.4%, recorded the highest rates of growth with regard to the value of exports, among 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 export price for pasta stuffed with meat, fish and cheese stood at $X per ton in 2022, surging by 1.8% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 30%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the United States ($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 Belgium (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pasta Stuffed With Meat, Fish and Cheese

Imports into China

After four years of growth, supplies from abroad of pasta stuffed with meat, fish and cheese decreased by -33.9% to X tons in 2022. In general, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2014 when imports increased by 108%. Over the period under review, imports hit record highs at X tons in 2021, and then reduced markedly in the following year.

In value terms, meat, fish or cheese pasta imports contracted significantly to $X in 2022. Over the period under review, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2020 when imports increased by 93%. Over the period under review, imports hit record highs at $X in 2021, and then contracted sharply in the following year.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest supplier of meat, fish or cheese pasta to China, accounting for a 63% share of total imports. Moreover, meat, fish or cheese pasta imports from Vietnam exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fourfold. The third position in this ranking was taken by South Korea (X tons), with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+11.1% per year) and South Korea (+1.9% per year).

In value terms, Vietnam ($X) constituted the largest supplier of pasta stuffed with meat, fish and cheese to China, comprising 56% of total imports. The second position in the ranking was held by Thailand ($X), with a 24% share of total imports. It was followed by Malaysia, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Vietnam amounted to +28.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+14.3% per year) and Malaysia (+64.9% per year).

Import Prices by Country

The average import price for pasta stuffed with meat, fish and cheese stood at $X per ton in 2022, with a decrease of -7.6% against the previous year. In general, the import price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 69%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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