Eastern Asia: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in Eastern Asia

In 2022, the East Asian pasta and couscous market decreased by -0.8% to $X, falling for the second year in a row after three years of growth. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.5% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Pasta And Couscous Production in Eastern Asia

In value terms, pasta and couscous production totaled $X in 2022 estimated in export price. The total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.4% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 32%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Pasta And Couscous Exports

Exports in Eastern Asia

In 2022, pasta and couscous exports in Eastern Asia rose rapidly to X tons, with an increase of 8.7% on the year before. Total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.6% 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 +81.9% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 33%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, pasta and couscous exports stood at $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.5% 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 +105.4% against 2012 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 16% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

In 2022, China (X tons) represented the main exporter of stuffed pasta and couscous, committing 63% of total exports. It was distantly followed by South Korea (X tons), creating a 28% share of total exports. Japan (X tons), Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) held a little share of total exports.

Exports from China increased at an average annual rate of +3.2% from 2012 to 2022. At the same time, Japan (+14.5%), South Korea (+14.5%), Taiwan (Chinese) (+4.8%) and Hong Kong SAR (+3.1%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +14.5% from 2012-2022. South Korea (+15 p.p.) and Japan (+2 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -16.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), South Korea ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2022, with a combined 93% share of total exports.

South Korea, with a CAGR of +13.1%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, surging by 1.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2016 an increase of 25%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.9%), while the other leaders experienced more modest paces of growth.

Pasta And Couscous Imports

Imports in Eastern Asia

In 2022, after eight years of growth, there was decline in purchases abroad of stuffed pasta and couscous, when their volume decreased by -2.2% to X tons. Over the period under review, imports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2016 when imports increased by 20%. The volume of import peaked at X tons in 2021, and then shrank modestly in the following year.

In value terms, pasta and couscous imports stood at $X in 2022. Overall, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2020 when imports increased by 18% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Hong Kong SAR (X tons) and China (X tons) represented the largest importers of stuffed pasta and couscous in Eastern Asia, together recording near 71% of total imports. It was distantly followed by Japan (X tons) and Taiwan (Chinese) (X tons), together making up a 22% share of total imports. South Korea (X tons) and Macao SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +14.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Hong Kong SAR ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2022, together comprising 84% of total imports.

China, with a CAGR of +19.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, picking up by 5.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2018 when the import price increased by 9.8% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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