India: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in India

After five years of growth, the Indian pasta and couscous market decreased by -12.2% to $X in 2022. Over the period under review, consumption, however, showed a resilient expansion. Pasta and couscous consumption peaked at $X in 2021, and then reduced in the following year.

Pasta And Couscous Production in India

In value terms, pasta and couscous production totaled $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 114% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Pasta And Couscous Exports

Exports from India

In 2022, the amount of stuffed pasta and couscous exported from India soared to X tons, with an increase of 40% compared with 2021. Overall, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 92% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, pasta and couscous exports skyrocketed to $X in 2022. In general, exports recorded strong growth. The pace of growth appeared the most rapid in 2016 when exports increased by 109% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

The United States (X tons), Canada (X tons) and Bhutan (X tons) were the main destinations of pasta and couscous exports from India, with a combined 58% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bhutan (with a CAGR of +31.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pasta and couscous exported from India were the United States ($X), Canada ($X) and Bhutan ($X), with a combined 59% share of total exports.

Among the main countries of destination, Bhutan, with a CAGR of +30.6%, recorded 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

The average pasta and couscous export price stood at $X per ton in 2022, rising by 5.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 15% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Bhutan ($X per ton) and the United States ($X per ton), while the average price for exports to Canada ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta And Couscous Imports

Imports into India

In 2022, purchases abroad of stuffed pasta and couscous decreased by -1.8% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports, however, saw a significant increase. The growth pace was the most rapid in 2017 with an increase of 124%. Imports peaked at X tons in 2021, and then shrank slightly in the following year.

In value terms, pasta and couscous imports skyrocketed to $X in 2022. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 138% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Nepal (X tons) constituted the largest supplier of pasta and couscous to India, with a 40% share of total imports. Moreover, pasta and couscous imports from Nepal exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Nepal amounted to +89.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.0% per year) and South Korea (+46.4% per year).

In value terms, South Korea ($X), Nepal ($X) and Italy ($X) constituted the largest pasta and couscous suppliers to India, together accounting for 73% of total imports. Bangladesh, Indonesia, Singapore, Bhutan and Turkey lagged somewhat behind, together comprising a further 21%.

Among the main suppliers, Bhutan, with a CAGR of +97.1%, recorded the highest growth rate of 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 average pasta and couscous import price stood at $X per ton in 2022, picking up by 27% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pasta and couscous import price increased by +90.0% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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