China: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in China

In 2021, the Chinese uncooked pasta market decreased by -1.6% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +47.0% against 2016 indices. Over the period under review, the market hit record highs at $X in 2020, and then reduced slightly in the following year.

Uncooked Pasta Production in China

In value terms, uncooked pasta production contracted slightly to $X in 2021 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +53.6% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 39%. Uncooked pasta production peaked at $X in 2020, and then fell slightly in the following year.

Uncooked Pasta Exports

Exports from China

In 2021, the amount of uncooked pasta exported from China contracted to X tons, which is down by -10.1% compared with the previous year. Over the period under review, exports saw a mild shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 35% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, uncooked pasta exports dropped to $X in 2021. Overall, total exports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +1.6% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 26% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Malaysia (X tons) and Thailand (X tons) were the main destinations of uncooked pasta exports from China, together comprising 34% of total exports. These countries were followed by Russia, Hong Kong SAR, Indonesia, Canada, the United Arab Emirates, the Netherlands, Australia, South Korea, Italy and Singapore, which together accounted for a further 48%.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +100.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), the United States ($X) and Malaysia ($X) appeared to be the largest markets for uncooked pasta exported from China worldwide, together accounting for 45% of total exports. Hong Kong SAR, Indonesia, Russia, Canada, the Netherlands, Australia, the United Arab Emirates, South Korea, Singapore and Italy lagged somewhat behind, together accounting for a further 39%.

Indonesia, with a CAGR of +105.4%, saw 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 uncooked pasta export price stood at $X per ton in 2021, approximately reflecting the previous year. Over the last nine-year period, it increased at an average annual rate of +5.3%. The growth pace was the most rapid in 2013 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while the average price for exports to Italy ($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 the United States (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Uncooked Pasta Imports

Imports into China

For the tenth consecutive year, China recorded growth in purchases abroad of uncooked pasta, which increased by 3.9% to X tons in 2021. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 96%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, uncooked pasta imports rose rapidly to $X in 2021. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 90%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest uncooked pasta supplier to China, with a 61% share of total imports. Moreover, uncooked pasta imports from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. South Korea (X tons) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+73.6% per year) and South Korea (+20.7% per year).

In value terms, Italy ($X) constituted the largest supplier of uncooked pasta to China, comprising 57% of total imports. The second position in the ranking was taken by Turkey ($X), with an 18% share of total imports. It was followed by Japan, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +30.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+73.8% per year) and Japan (+53.4% per year).

Import Prices by Country

In 2021, the average uncooked pasta import price amounted to $X per ton, increasing by 2.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 20%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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