Philippines: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in the Philippines

In 2021, after two years of decline, there was significant growth in the Philippine uncooked pasta market, when its value increased by 6.9% to $X. Over the period under review, consumption saw a buoyant increase. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Uncooked Pasta Production in the Philippines

In value terms, uncooked pasta production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production showed a strong expansion. The growth pace was the most rapid in 2017 when the production volume increased by 43% against the previous year. Uncooked pasta production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Uncooked Pasta Exports

Exports from the Philippines

In 2021, shipments abroad of uncooked pasta increased by 5.9% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports enjoyed a measured expansion. The growth pace was the most rapid in 2016 when exports increased by 70%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, uncooked pasta exports reached $X in 2021. Overall, exports saw buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 82%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for uncooked pasta exports from the Philippines, with a 35% share of total exports. Moreover, uncooked pasta exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. The third position in this ranking was held by Canada (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-3.1% per year) and Canada (+7.6% per year).

In value terms, the United States ($X) remains the key foreign market for uncooked pasta exports from the Philippines, comprising 32% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 16% share of total exports. It was followed by Canada, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+0.6% per year) and Canada (+11.7% per year).

Export Prices by Country

In 2021, the average uncooked pasta export price amounted to $X per ton, picking up by 3.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 18% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Uncooked Pasta Imports

Imports into the Philippines

In 2021, purchases abroad of uncooked pasta decreased by -4.5% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, imports, however, showed a resilient increase. The growth pace was the most rapid in 2018 with an increase of 107% against the previous year. Imports peaked at X tons in 2020, and then dropped slightly in the following year.

In value terms, uncooked pasta imports shrank slightly to $X in 2021. In general, imports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2018 when imports increased by 103%. Imports peaked at $X in 2020, and then reduced in the following year.

Imports by Country

Indonesia (X tons), Turkey (X tons) and the United Arab Emirates (X tons) were the main suppliers of uncooked pasta imports to the Philippines, with a combined 68% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +74.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Turkey ($X) and China ($X) were the largest uncooked pasta suppliers to the Philippines, with a combined 59% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +83.7%, saw 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

In 2021, the average uncooked pasta import price amounted to $X per ton, surging by 4% against the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2015 when the average import price increased by 14%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Australia ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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