Northern America: Pasta Products Market 2024

Pasta Products Market Size in Northern America

The North American pasta products market rose rapidly to $X in 2022, picking up by 5.9% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Pasta Products Production in Northern America

In value terms, pasta products production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by 16% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Pasta Products Exports

Exports in Northern America

In 2022, shipments abroad of dried, undried and frozen pasta and pasta products increased by 19% to X tons, rising for the second year in a row after three years of decline. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 23%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, pasta products exports surged to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 26%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

The United States dominates exports structure, resulting at X tons, which was approx. 94% of total exports in 2022. It was distantly followed by Canada (X tons), committing a 5.8% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of dried, undried and frozen pasta and pasta products. At the same time, Canada (+2.1%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +2.1% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest pasta products supplier in Northern America, comprising 86% of total exports. The second position in the ranking was held by Canada ($X), with a 14% share of total exports.

In the United States, pasta products exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, declining by -1.8% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 3.3%. The level of export peaked at $X per ton in 2017; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+6.6%).

Pasta Products Imports

Imports in Northern America

Pasta products imports surged to X tons in 2022, growing by 20% compared with 2021. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.4% against 2016 indices. The growth pace was the most rapid in 2020 when imports increased by 26% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, pasta products imports skyrocketed to $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.2% against 2012 indices. The pace of growth was the most pronounced in 2020 with an increase of 23% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

The United States (X tons) and Canada (X tons) represented roughly 99% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +10.9%).

In value terms, the largest pasta products importing markets in Northern America were the United States ($X) and Canada ($X).

Among the main importing countries, the United States, with a CAGR of +10.6%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, surging by 1.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2013 an increase of 4.9%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.6%).

Source: IndexBox Platform

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