Japan: Pasta Products Market 2024

Pasta Products Market Size in Japan

The Japanese pasta products market rose markedly to $X in 2022, surging by 5.6% against the previous year. Over the period under review, consumption, however, recorded a mild downturn. Pasta products consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Pasta Products Production in Japan

In value terms, pasta products production reached $X in 2022 estimated in export price. In general, production, however, showed a slight shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 32% against the previous year. Pasta products production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Pasta Products Exports

Exports from Japan

For the eleventh consecutive year, Japan recorded growth in overseas shipments of dried, undried and frozen pasta and pasta products, which increased by 10% to X tons in 2022. Overall, exports saw resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by 46%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, pasta products exports shrank to $X in 2022. In general, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2016 with an increase of 39%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Hong Kong SAR (X tons), the United States (X tons) and Taiwan (Chinese) (X tons) were the main destinations of pasta products exports from Japan, with a combined 63% share of total exports. Australia, Singapore, Canada, Thailand, Malaysia, South Korea, Indonesia, French Polynesia and China lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +36.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pasta products exported from Japan were Hong Kong SAR ($X), the United States ($X) and Taiwan (Chinese) ($X), with a combined 59% share of total exports. Australia, Singapore, China, Canada, South Korea, Thailand, Malaysia, French Polynesia and Indonesia lagged somewhat behind, together accounting for a further 25%.

In terms of the main countries of destination, Malaysia, with a CAGR of +26.8%, 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 2022, the average pasta products export price amounted to $X per ton, dropping by -14.1% against the previous year. Over the period under review, the export price saw a pronounced curtailment. The growth pace was the most rapid in 2016 when the average export price increased by 13%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.3%), while the prices for the other major destinations experienced a decline.

Pasta Products Imports

Imports into Japan

In 2022, supplies from abroad of dried, undried and frozen pasta and pasta products increased by 4.5% to X tons, rising for the seventh consecutive year after three years of decline. In general, imports showed a buoyant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 49%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, pasta products imports dropped to $X in 2022. Overall, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 47% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, South Korea (X tons) constituted the largest pasta products supplier to Japan, accounting for a 72% share of total imports. Moreover, pasta products imports from South Korea exceeded the figures recorded by the second-largest supplier, Thailand (X tons), sevenfold. Vietnam (X tons) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea stood at +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+18.1% per year) and Vietnam (+41.9% per year).

In value terms, South Korea ($X) constituted the largest supplier of dried, undried and frozen pasta and pasta products to Japan, comprising 73% of total imports. The second position in the ranking was held by Thailand ($X), with an 11% share of total imports. It was followed by Vietnam, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea totaled +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+13.1% per year) and Vietnam (+42.5% per year).

Import Prices by Country

The average pasta products import price stood at $X per ton in 2022, shrinking by -9.8% against the previous year. In general, the import price showed a perceptible curtailment. The pace of growth was the most pronounced in 2021 an increase of 5.4%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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