South-Eastern Asia: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in South-Eastern Asia

The Southeast Asian pasta and couscous market expanded remarkably to $X in 2022, with an increase of 10% against the previous year. Overall, consumption showed a strong increase. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Pasta And Couscous Production in South-Eastern Asia

In value terms, pasta and couscous production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production showed buoyant growth. The growth pace was the most rapid in 2020 when the production volume increased by 21% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Pasta And Couscous Exports

Exports in South-Eastern Asia

Pasta and couscous exports was estimated at X tons in 2022, flattening at 2021 figures. Total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -5.2% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 17% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, pasta and couscous exports reached $X in 2022. In general, exports recorded a resilient increase. The pace of growth was the most pronounced in 2019 when exports increased by 18% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The shipments of the three major exporters of stuffed pasta and couscous, namely Indonesia, Thailand and Vietnam, represented more than two-thirds of total export. It was distantly followed by Malaysia (X tons), generating an 8.5% share of total exports. Singapore (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +13.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest pasta and couscous supplying countries in South-Eastern Asia were Thailand ($X), Indonesia ($X) and Vietnam ($X), with a combined 86% share of total exports.

Vietnam, with a CAGR of +15.4%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, growing by 2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2013 an increase of 4.7%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+2.0%), while the other leaders experienced more modest paces of growth.

Pasta And Couscous Imports

Imports in South-Eastern Asia

For the third consecutive year, South-Eastern Asia recorded growth in supplies from abroad of stuffed pasta and couscous, which increased by 85% to X tons in 2022. In general, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pasta and couscous imports reached $X in 2022. Over the period under review, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 24% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Malaysia prevails in imports structure, recording X tons, which was approx. 67% of total imports in 2022. It was distantly followed by the Philippines (X tons), Singapore (X tons) and Vietnam (X tons), together creating a 20% share of total imports. Indonesia (X tons), Thailand (X tons) and Timor-Leste (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to pasta and couscous imports into Malaysia stood at +14.1%. At the same time, Indonesia (+14.9%), Vietnam (+13.8%), Thailand (+11.3%), Singapore (+7.0%) and the Philippines (+6.4%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +14.9% from 2012-2022. Timor-Leste experienced a relatively flat trend pattern. From 2012 to 2022, the share of Malaysia increased by +19 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X), Singapore ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2022, together comprising 64% of total imports. Thailand, Indonesia, the Philippines and Timor-Leste lagged somewhat behind, together accounting for a further 30%.

Thailand, with a CAGR of +18.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, with a decrease of -45.7% against the previous year. Overall, the import price recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 an increase of 6.8%. The level of import peaked at $X per ton in 2021, and then fell sharply in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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