Eastern Asia: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in Eastern Asia

In 2021, the East Asian uncooked pasta market decreased by -3.9% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then shrank slightly in the following year.

Uncooked Pasta Production in Eastern Asia

In value terms, uncooked pasta production dropped slightly to $X in 2021 estimated in export price. The total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.2% 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 +34.6% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 20% against the previous year. The level of production peaked at $X in 2020, and then reduced in the following year.

Uncooked Pasta Exports

Exports in Eastern Asia

In 2021, uncooked pasta exports in Eastern Asia fell to X tons, waning by -9.1% compared with the year before. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 16% against the previous year. The volume of export peaked at X tons in 2020, and then shrank in the following year.

In value terms, uncooked pasta exports declined to $X in 2021. The total export value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 11% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

In 2021, South Korea (X tons) and China (X tons) represented the largest exporters of uncooked pasta in Eastern Asia, together comprising 62% of total exports. Japan (X tons) took the next position in the ranking, distantly followed by Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons). All these countries together took approx. 38% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Taiwan (Chinese) (with a CAGR of +5.1%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Japan ($X) and China ($X) were the countries with the highest levels of exports in 2021, together accounting for 81% of total exports. These countries were followed by Hong Kong SAR and Taiwan (Chinese), which together accounted for a further 19%.

Taiwan (Chinese), with a CAGR of +6.9%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The export price in Eastern Asia stood at $X per ton in 2021, flattening at the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2014 when the export price increased by 9.5%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.3%), while the other leaders experienced more modest paces of growth.

Uncooked Pasta Imports

Imports in Eastern Asia

After two years of growth, overseas purchases of uncooked pasta decreased by -7.7% to X tons in 2021. The total import volume increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 13%. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, uncooked pasta imports reduced modestly to $X in 2021. The total import value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 15% against the previous year. As a result, imports attained the peak of $X, and then declined slightly in the following year.

Imports by Country

Japan (X tons) and South Korea (X tons) represented roughly 71% of total imports in 2021. China (X tons) held the next position in the ranking, followed by Hong Kong SAR (X tons). All these countries together held near 26% share of total imports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +28.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of imports in 2021, with a combined 86% share of total imports. China and Taiwan (Chinese) lagged somewhat behind, together comprising a further 13%.

In terms of the main importing countries, China, with a CAGR of +28.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, increasing by 5.9% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Japan ($X per ton) and Hong Kong SAR ($X per ton), while Taiwan (Chinese) ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+1.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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