Southern Asia: Market for Pasta Stuffed With Meat, Fish and Cheese 2024

Market Size for Pasta Stuffed With Meat, Fish and Cheese in Southern Asia

The South Asian market for pasta stuffed with meat, fish and cheese rose to $X in 2022, with an increase of 3.4% against the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.1% against 2020 indices. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Production of Pasta Stuffed With Meat, Fish and Cheese in Southern Asia

In value terms, meat, fish or cheese pasta production reached $X in 2022 estimated in export price. The total production indicated strong growth 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, production decreased by -3.5% against 2020 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 30% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Pasta Stuffed With Meat, Fish and Cheese

Exports in Southern Asia

In 2022, meat, fish or cheese pasta exports in Southern Asia shrank to X tons, declining by -8.2% against the previous year. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2013 with an increase of 414%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat, fish or cheese pasta exports stood at $X in 2022. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2013 with an increase of 600%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

India represented the largest exporting country with an export of around X tons, which resulted at 73% of total exports. It was distantly followed by Bangladesh (X tons), mixing up a 21% share of total exports. The following exporters - Sri Lanka (X tons) and Pakistan (X tons) - together made up 5.1% of total exports.

From 2012 to 2022, average annual rates of growth with regard to meat, fish or cheese pasta exports from India stood at +20.5%. At the same time, Bangladesh (+66.4%), Sri Lanka (+34.2%) and Pakistan (+12.5%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +66.4% from 2012-2022. From 2012 to 2022, the share of Bangladesh and Sri Lanka increased by +20 and +2 percentage points, respectively.

In value terms, India ($X) remains the largest meat, fish or cheese pasta supplier in Southern Asia, comprising 79% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 15% share of total exports. It was followed by Sri Lanka, with a 3.8% share.

In India, meat, fish or cheese pasta exports expanded at an average annual rate of +29.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (+63.2% per year) and Sri Lanka (+31.5% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, rising by 22% against the previous year. Over the last decade, it increased at an average annual rate of +5.6%. The pace of growth was the most pronounced in 2013 when the export price increased by 36% against the previous year. The level of export peaked in 2022 and is expected to retain 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 Sri Lanka ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Pasta Stuffed With Meat, Fish and Cheese

Imports in Southern Asia

In 2022, supplies from abroad of pasta stuffed with meat, fish and cheese increased by 46% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +2.7% 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 +53.2% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by 61% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, meat, fish or cheese pasta imports skyrocketed to $X in 2022. In general, imports continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 76%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

Bhutan (X tons) and India (X tons) prevails in imports structure, together mixing up 89% of total imports. Nepal (X tons), Maldives (X tons) and Pakistan (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +51.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bhutan ($X), India ($X) and Maldives ($X) were the countries with the highest levels of imports in 2022, with a combined 91% share of total imports. Pakistan and Nepal lagged somewhat behind, together comprising a further 5.5%.

Pakistan, with a CAGR of +58.9%, recorded the highest growth rate of the value of imports, among 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 Southern Asia amounted to $X per ton, waning by -11.3% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 30% against the previous year. The level of import peaked at $X per ton in 2021, and then fell 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 Maldives ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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