Eastern Asia: Market for Uncooked Pasta (Not Containing Eggs) 2024

Market Size for Uncooked Pasta (Not Containing Eggs) in Eastern Asia

In 2021, the East Asian market for uncooked pasta (not containing eggs) decreased by -3.8% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then shrank modestly in the following year.

Production of Uncooked Pasta (Not Containing Eggs) in Eastern Asia

In value terms, uncooked pasta (not containing eggs) production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when the production volume increased by 13% against the previous year. The level of production peaked at $X in 2020, and then reduced in the following year.

Exports of Uncooked Pasta (Not Containing Eggs)

Exports in Eastern Asia

In 2021, approx. X tons of uncooked pasta (not containing eggs) were exported in Eastern Asia; falling by -9.1% against the year before. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 16%. The volume of export peaked at X tons in 2020, and then reduced in the following year.

In value terms, uncooked pasta (not containing eggs) exports dropped 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 most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

South Korea (X tons) and China (X tons) represented roughly 62% of total exports in 2021. It was distantly followed by Japan (X tons), Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons), together comprising a 38% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +5.1%), while shipments for 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 comprising 81% of total exports. Hong Kong SAR and Taiwan (Chinese) lagged somewhat behind, together comprising a further 19%.

Among the main exporting countries, Taiwan (Chinese), with a CAGR of +6.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, growing by 1.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2014 when the export price increased by 9.4% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, 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 (+5.4%), while the other leaders experienced more modest paces of growth.

Imports of Uncooked Pasta (Not Containing Eggs)

Imports in Eastern Asia

In 2021, after two years of growth, there was significant decline in supplies from abroad of uncooked pasta (not containing eggs), when their volume decreased by -7% to X tons. The total import volume increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 13% against the previous year. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, uncooked pasta (not containing eggs) imports fell to $X in 2021. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 when imports increased by 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

In 2021, Japan (X tons) and South Korea (X tons) represented the key importers of uncooked pasta (not containing eggs) in Eastern Asia, together achieving 72% of total imports. It was distantly followed by China (X tons) and Hong Kong SAR (X tons), together mixing up a 25% share of total imports. Taiwan (Chinese) (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +29.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest uncooked pasta (not containing eggs) importing markets in Eastern Asia were Japan ($X), South Korea ($X) and Hong Kong SAR ($X), with a combined 85% share of total imports. These countries were followed by China and Taiwan (Chinese), which together accounted for a further 14%.

Among the main importing countries, China, with a CAGR of +28.6%, saw 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

The import price in Eastern Asia stood at $X per ton in 2021, with an increase of 6% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices reached the maximum 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 ($X per ton) and Taiwan (Chinese) ($X per ton), while China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :