Thailand: Pasta Products Market 2024

Pasta Products Market Size in Thailand

The Thai pasta products market rose markedly to $X in 2022, surging by 10% against the previous year. Overall, consumption showed a relatively flat trend pattern. Pasta products consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Pasta Products Production in Thailand

In value terms, pasta products production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 14% against the previous year. Pasta products production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Pasta Products Exports

Exports from Thailand

In 2022, overseas shipments of dried, undried and frozen pasta and pasta products decreased by -2.7% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.2% 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 +83.0% against 2012 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 18%. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, pasta products exports declined to $X in 2022. In general, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +63.8% against 2013 indices. The pace of growth appeared the most rapid in 2019 when exports increased by 19% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Cambodia (X tons), Myanmar (X tons) and Lao People's Democratic Republic (X tons) were the main destinations of pasta products exports from Thailand, with a combined 38% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of +96.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pasta products exported from Thailand were Cambodia ($X), the United States ($X) and Myanmar ($X), with a combined 37% share of total exports.

Myanmar, with a CAGR of +97.0%, recorded the highest growth rate of the value of exports, in terms of 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 products export price amounted to $X per ton, with an increase of 2.4% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 4.7% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Lao People's Democratic Republic ($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 Germany (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta Products Imports

Imports into Thailand

After eight years of growth, overseas purchases of dried, undried and frozen pasta and pasta products decreased by -5.3% to X tons in 2022. Overall, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 51% against the previous year. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, pasta products imports expanded to $X in 2022. In general, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by 96% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, South Korea (X tons) constituted the largest pasta products supplier to Thailand, with a 68% share of total imports. Moreover, pasta products imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. The third position in this ranking was taken by Turkey (X tons), with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea totaled +27.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.0% per year) and Turkey (+19.3% per year).

In value terms, South Korea ($X) constituted the largest supplier of dried, undried and frozen pasta and pasta products to Thailand, comprising 80% of total imports. The second position in the ranking was taken by Japan ($X), with a 5.3% share of total imports. It was followed by China, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea totaled +34.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+7.5% per year) and China (+5.7% per year).

Import Prices by Country

In 2022, the average pasta products import price amounted to $X per ton, picking up by 8.3% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pasta products import price increased by +30.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 29%. The import price peaked 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 South Korea ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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