China: Market for Uncooked Pasta (Not Containing Eggs) 2024

Market Size for Uncooked Pasta (Not Containing Eggs) in China

In 2021, the Chinese market for uncooked pasta (not containing eggs) decreased by less than 0.1% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.7% 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 +112.6% against 2012 indices. Uncooked pasta (not containing eggs) consumption peaked at $X in 2020, and then dropped in the following year.

Production of Uncooked Pasta (Not Containing Eggs) in China

In value terms, uncooked pasta (not containing eggs) production reduced modestly to $X in 2021 estimated in export price. Overall, production, however, posted a strong expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 30% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Exports of Uncooked Pasta (Not Containing Eggs)

Exports from China

In 2021, the amount of uncooked pasta (not containing eggs) exported from China contracted to X tons, shrinking by -10.9% against 2020. In general, exports showed a slight descent. The most prominent rate of growth was recorded 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 lower figure.

In value terms, uncooked pasta (not containing eggs) exports shrank to $X in 2021. Overall, total exports indicated a temperate expansion 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 +2.2% against 2019 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 25% against the previous year. Over the period under review, the exports reached the peak figure 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 (not containing eggs) exports from China, together comprising 36% of total exports. These countries were followed by Russia, Indonesia, Canada, the Netherlands, Australia, South Korea, Italy, Singapore, Spain and France, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +101.2%), 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 (not containing eggs) exported from China worldwide, with a combined 47% share of total exports. Indonesia, Russia, Canada, the Netherlands, Australia, South Korea, Singapore, France, Italy and Spain lagged somewhat behind, together accounting for a further 32%.

Indonesia, with a CAGR of +106.1%, 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

In 2021, the average export price for uncooked pasta (not containing eggs) amounted to $X per ton, standing approx. at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.4%. The pace of growth appeared the most rapid in 2013 an increase of 24% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, 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 (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Uncooked Pasta (Not Containing Eggs)

Imports into China

In 2021, uncooked pasta (not containing eggs) imports into China expanded modestly to X tons, with an increase of 4% against the previous year. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 98% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, uncooked pasta (not containing eggs) imports rose markedly to $X in 2021. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 93%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Italy (X tons) constituted the largest uncooked pasta (not containing eggs) supplier to China, with a 61% share of total imports. Moreover, uncooked pasta (not containing eggs) imports from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled +30.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+73.7% per year) and South Korea (+20.8% per year).

In value terms, Italy ($X) constituted the largest supplier of uncooked pasta (not containing eggs) to China, comprising 57% of total imports. The second position in the ranking was held by Turkey ($X), with an 18% share of total imports. It was followed by Japan, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +31.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+73.9% per year) and Japan (+53.4% per year).

Import Prices by Country

In 2021, the average import price for uncooked pasta (not containing eggs) amounted to $X per ton, growing by 2.5% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 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, amid the top importers, 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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