U.S.: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in the U.S.

The U.S. pasta and couscous market rose slightly to $X in 2022, with an increase of 2.9% against the previous year. Overall, consumption recorded a prominent increase. Pasta and couscous consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Pasta And Couscous Production in the U.S.

In value terms, pasta and couscous production rose to $X in 2022. Over the period under review, production continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 19% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Pasta And Couscous Exports

Exports from the U.S.

In 2022, approx. X tons of stuffed pasta and couscous were exported from the United States; with an increase of 17% compared with 2021. The total export volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pasta and couscous exports expanded remarkably to $X in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for pasta and couscous exports from the United States, with a 89% share of total exports. Moreover, pasta and couscous exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+12.2% per year) and Bahamas (+0.4% per year).

In value terms, Canada ($X) remains the key foreign market for stuffed pasta and couscous exports from the United States, comprising 86% of total exports. The second position in the ranking was held by Mexico ($X), with a 6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Canada amounted to +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+12.9% per year) and Bahamas (+2.5% per year).

Export Prices by Country

In 2022, the average pasta and couscous export price amounted to $X per ton, reducing by -2.8% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 4.9%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; afterwards, it flattened through to 2022.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Canada ($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 Bahamas (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta And Couscous Imports

Imports into the U.S.

In 2022, the amount of stuffed pasta and couscous imported into the United States rose markedly to X tons, growing by 14% compared with 2021. In general, imports enjoyed strong growth. The growth pace was the most rapid in 2020 with an increase of 32%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, pasta and couscous imports rose rapidly to $X in 2022. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by 27%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

South Korea (X tons), Italy (X tons) and China (X tons) were the main suppliers of pasta and couscous imports to the United States, together accounting for 59% of total imports. Canada, Thailand, Japan, Taiwan (Chinese), Israel and France lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +19.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pasta and couscous suppliers to the United States were Italy ($X), South Korea ($X) and Canada ($X), together comprising 62% of total imports. China, Thailand, Japan, Taiwan (Chinese), France and Israel lagged somewhat behind, together accounting for a further 29%.

Taiwan (Chinese), with a CAGR of +23.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average pasta and couscous import price amounted to $X per ton, remaining stable against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 5.4%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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