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

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

The Thai market for pasta stuffed with meat, fish and cheese reached $X in 2022, increasing by 3.2% against the previous year. Over the period under review, the total consumption indicated a moderate expansion 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, consumption decreased by -7.5% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Pasta Stuffed With Meat, Fish and Cheese in Thailand

In value terms, meat, fish or cheese pasta production rose significantly to $X in 2022 estimated in export price. In general, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 -5.2% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 26%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Pasta Stuffed With Meat, Fish and Cheese

Exports from Thailand

Meat, fish or cheese pasta exports from Thailand rose notably to X tons in 2022, picking up by 11% compared with the previous year. Overall, exports saw buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 48% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, meat, fish or cheese pasta exports rose markedly to $X in 2022. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +9.1% 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 +80.2% against 2017 indices. The pace of growth was the most pronounced in 2013 when exports increased by 39% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X tons), France (X tons) and Australia (X tons) were the main destinations of meat, fish or cheese pasta exports from Thailand, together comprising 63% of total exports. Canada, the UK, Singapore, Japan, Belgium and Germany lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +25.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for meat, fish or cheese pasta exported from Thailand were the United States ($X), France ($X) and Canada ($X), together comprising 56% of total exports. Australia, the UK, Japan, Singapore, Belgium and Germany lagged somewhat behind, together accounting for a further 30%.

Among the main countries of destination, Belgium, with a CAGR of +18.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for pasta stuffed with meat, fish and cheese stood at $X per ton in 2022, with a decrease of -3.7% against the previous year. Over the period under review, the export price continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2020 an increase of 31%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($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 the United States (-0.3%), while the prices for the other major destinations experienced a decline.

Imports of Pasta Stuffed With Meat, Fish and Cheese

Imports into Thailand

In 2022, after six years of growth, there was decline in overseas purchases of pasta stuffed with meat, fish and cheese, when their volume decreased by -0.7% to X tons. In general, imports, however, posted significant growth. The growth pace was the most rapid in 2013 with an increase of 120% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then dropped slightly in the following year.

In value terms, meat, fish or cheese pasta imports shrank to $X in 2022. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 67% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

South Korea (X tons), Italy (X tons) and Japan (X tons) were the main suppliers of meat, fish or cheese pasta imports to Thailand, together accounting for 78% of total imports. Vietnam, India and Taiwan (Chinese) lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +67.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Italy ($X) and Japan ($X) constituted the largest meat, fish or cheese pasta suppliers to Thailand, together accounting for 68% of total imports. Vietnam, India and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 19%.

Among the main suppliers, India, with a CAGR of +78.2%, recorded the highest rates of growth with regard to 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 import price for pasta stuffed with meat, fish and cheese stood at $X per ton in 2022, waning by -1.6% against the previous year. Overall, the import price saw a pronounced slump. The most prominent rate of growth was recorded in 2016 an increase of 33% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for South Korea ($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 (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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