Southern Asia: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in Southern Asia

The South Asian pasta and couscous market reached $X in 2022, growing by 3.3% against the previous year. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Pasta And Couscous Production in Southern Asia

In value terms, pasta and couscous production amounted to $X in 2022 estimated in export price. The total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +12.1% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 34% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Pasta And Couscous Exports

Exports in Southern Asia

In 2022, shipments abroad of stuffed pasta and couscous increased by 13% to X tons, rising for the seventh consecutive year after two years of decline. Overall, exports saw a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 63% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, pasta and couscous exports skyrocketed to $X in 2022. Over the period under review, exports posted strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by 82% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

India was the largest exporter of stuffed pasta and couscous in Southern Asia, with the volume of exports amounting to X tons, which was approx. 59% of total exports in 2022. Bangladesh (X tons) took the second position in the ranking, followed by Nepal (X tons). All these countries together took approx. 37% share of total exports. The following exporters - Pakistan (X tons) and Sri Lanka (X tons) - each resulted at a 3.7% share of total exports.

Exports from India increased at an average annual rate of +11.3% from 2012 to 2022. At the same time, Nepal (+55.5%), Bangladesh (+48.6%), Sri Lanka (+21.6%) and Pakistan (+11.8%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +55.5% from 2012-2022. While the share of Bangladesh (+17 p.p.) and Nepal (+17 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (-33.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest pasta and couscous supplier in Southern Asia, comprising 63% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 21% share of total exports. It was followed by Nepal, with a 12% share.

In India, pasta and couscous exports increased at an average annual rate of +13.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Bangladesh (+53.6% per year) and Nepal (+52.0% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, picking up by 6.7% 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 2016 when the export price increased by 12% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per ton), while Nepal ($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 (+4.7%), while the other leaders experienced more modest paces of growth.

Pasta And Couscous Imports

Imports in Southern Asia

In 2022, approx. X tons of stuffed pasta and couscous were imported in Southern Asia; surging by 1.8% on the year before. Over the period under review, imports enjoyed prominent growth. The growth pace was the most rapid in 2017 with an increase of 44% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, pasta and couscous imports skyrocketed to $X in 2022. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 42%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

India was the largest importer of stuffed pasta and couscous in Southern Asia, with the volume of imports resulting at X tons, which was approx. 67% of total imports in 2022. It was distantly followed by Bhutan (X tons), Maldives (X tons) and Pakistan (X tons), together committing a 23% share of total imports. Afghanistan (X tons), Bangladesh (X tons) and Sri Lanka (X tons) took a minor share of total imports.

Imports into India increased at an average annual rate of +20.4% from 2012 to 2022. At the same time, Pakistan (+26.4%), Bangladesh (+24.4%) and Bhutan (+6.1%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +26.4% from 2012-2022. By contrast, Sri Lanka (-1.9%), Maldives (-2.3%) and Afghanistan (-8.3%) illustrated a downward trend over the same period. India (+40 p.p.), Pakistan (+3.6 p.p.) and Bangladesh (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Sri Lanka, Bhutan, Maldives and Afghanistan saw its share reduced by -3.8%, -5%, -13.4% and -20.6% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported stuffed pasta and couscous in Southern Asia, comprising 71% of total imports. The second position in the ranking was held by Bhutan ($X), with a 13% share of total imports. It was followed by Maldives, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled +24.8%. The remaining importing countries recorded the following average annual rates of imports growth: Bhutan (+7.7% per year) and Maldives (-0.9% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, jumping by 17% against the previous year. Import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pasta and couscous import price increased by +77.9% against 2017 indices. The pace of growth was the most pronounced in 2018 when the import price increased by 23%. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 Bangladesh ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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