Singapore: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in Singapore

In 2022, after ten years of growth, there was significant decline in the Singaporean pasta and couscous market, when its value decreased by -8.2% to $X. Overall, consumption, however, enjoyed strong growth. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Pasta And Couscous Production in Singapore

In value terms, pasta and couscous production reduced to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 34%. Pasta and couscous production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Pasta And Couscous Exports

Exports from Singapore

In 2022, exports of stuffed pasta and couscous from Singapore expanded markedly to X tons, increasing by 9.1% against 2021 figures. The total export volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 20%. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, pasta and couscous exports expanded rapidly to $X in 2022. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.6% against 2014 indices. The most prominent rate of growth was recorded in 2017 with an increase of 16% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Australia (X tons), the UK (X tons) and Ireland (X tons) were the main destinations of pasta and couscous exports from Singapore, together comprising 63% of total exports. India, the United States, Portugal, China, the United Arab Emirates, Brunei Darussalam and Malaysia lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +12.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pasta and couscous exported from Singapore were Australia ($X), the UK ($X) and Ireland ($X), together accounting for 56% of total exports. The United States, India, the United Arab Emirates, China, Portugal, Brunei Darussalam and Malaysia lagged somewhat behind, together comprising a further 25%.

The United States, with a CAGR of +16.9%, recorded the highest growth rate of the value of exports, among the main countries of destination 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 and couscous export price amounted to $X per ton, picking up by 1.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 20%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to India ($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 Portugal (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta And Couscous Imports

Imports into Singapore

In 2022, pasta and couscous imports into Singapore expanded slightly to X tons, increasing by 3.8% on the previous year. In general, imports showed a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 37% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, pasta and couscous imports expanded markedly to $X in 2022. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 42% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of pasta and couscous to Singapore, accounting for a 37% share of total imports. Moreover, pasta and couscous imports from Malaysia exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), twofold. China (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+15.5% per year) and China (+2.4% per year).

In value terms, the largest pasta and couscous suppliers to Singapore were Malaysia ($X), Indonesia ($X) and China ($X), with a combined 56% share of total imports.

Among the main suppliers, Indonesia, with a CAGR of +17.6%, 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, increasing by 2.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 5.7% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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 Thailand ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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