Thailand: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in Thailand

The Thai pasta and couscous market expanded modestly to $X in 2022, surging by 2% against the previous year. Over the period under review, consumption posted a remarkable increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Pasta And Couscous Production in Thailand

In value terms, pasta and couscous production expanded to $X in 2022 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2022: its value 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, production decreased by -1.5% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 27% against the previous year. Pasta and couscous production peaked at $X in 2020; afterwards, it flattened through to 2022.

Pasta And Couscous Exports

Exports from Thailand

After seven years of growth, shipments abroad of stuffed pasta and couscous decreased by -1.2% to X tons in 2022. In general, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.7% 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 +90.7% against 2012 indices. The growth pace was the most rapid in 2019 with an increase of 19% against the previous year. The exports peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, pasta and couscous exports stood at $X in 2022. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its value 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, exports increased by +65.2% against 2013 indices. The pace of growth appeared the most rapid in 2013 with an increase of 17%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Cambodia (X tons), the United States (X tons) and Myanmar (X tons) were the main destinations of pasta and couscous exports from Thailand, together comprising 36% 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 +96.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Cambodia ($X) and Australia ($X) constituted the largest markets for pasta and couscous exported from Thailand worldwide, together comprising 36% of total exports. Myanmar, the Netherlands, Lao People's Democratic Republic, France, Canada, Japan, the UK, Germany, Malaysia and Finland lagged somewhat behind, together accounting for a further 45%.

In terms of the main countries of destination, Myanmar, with a CAGR of +97.2%, 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 pasta and couscous export price stood at $X per ton in 2022, surging by 2.4% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 6.6%. The export price peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Lao People's Democratic Republic ($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 Cambodia (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta And Couscous Imports

Imports into Thailand

In 2022, purchases abroad of stuffed pasta and couscous decreased by -5.1% to X tons for the first time since 2013, thus ending a eight-year rising trend. In general, imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 51%. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, pasta and couscous imports totaled $X in 2022. Over the period under review, imports, however, saw buoyant growth. The growth pace was the most rapid in 2017 with an increase of 94%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, South Korea (X tons) constituted the largest pasta and couscous supplier to Thailand, with a 67% share of total imports. Moreover, pasta and couscous imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. Turkey (X tons) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea totaled +27.6%. 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 ($X) constituted the largest supplier of stuffed pasta and couscous to Thailand, comprising 79% of total imports. The second position in the ranking was held by Japan ($X), with a 5.5% share of total imports. It was followed by China, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea totaled +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+8.0% per year) and China (+5.7% per year).

Import Prices by Country

In 2022, the average pasta and couscous import price amounted to $X per ton, rising by 8.2% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.7% 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 +30.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 28% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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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