Vietnam: Market for Uncooked Pasta (Not Containing Eggs) 2024

Market Size for Uncooked Pasta (Not Containing Eggs) in Vietnam

The Vietnamese market for uncooked pasta (not containing eggs) shrank to $X in 2021, reducing by -14.6% against the previous year. Over the period under review, consumption continues to indicate a slight contraction. Uncooked pasta (not containing eggs) consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Uncooked Pasta (Not Containing Eggs) in Vietnam

In value terms, uncooked pasta (not containing eggs) production reduced to $X in 2021 estimated in export price. Over the period under review, production saw a slight reduction. The growth pace was the most rapid in 2014 when the production volume increased by 42% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Uncooked Pasta (Not Containing Eggs)

Exports from Vietnam

In 2021, shipments abroad of uncooked pasta (not containing eggs) decreased by -4.2% to X tons, falling for the second consecutive year after four years of growth. In general, exports, however, saw a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 57% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, uncooked pasta (not containing eggs) exports shrank modestly to $X in 2021. Over the period under review, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 30%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons), Germany (X tons) and Taiwan (Chinese) (X tons) were the main destinations of uncooked pasta (not containing eggs) exports from Vietnam, together comprising 38% of total exports. These countries were followed by South Korea, Japan, the Netherlands, Singapore, the UK, Australia, Canada, Russia and Thailand, which together accounted for a further 49%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +32.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Taiwan (Chinese) ($X) constituted the largest markets for uncooked pasta (not containing eggs) exported from Vietnam worldwide, together accounting for 38% of total exports. These countries were followed by South Korea, Japan, the Netherlands, Singapore, the UK, Australia, Canada, Russia and Thailand, which together accounted for a further 49%.

South Korea, with a CAGR of +28.2%, 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

The average export price for uncooked pasta (not containing eggs) stood at $X per ton in 2021, approximately reflecting the previous year. Overall, the export price saw a noticeable decline. The most prominent rate of growth was recorded in 2013 when the average export price increased by 15%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Russia ($X per ton) and Australia ($X per ton), while the average price for exports to Singapore ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Uncooked Pasta (Not Containing Eggs)

Imports into Vietnam

In 2021, the amount of uncooked pasta (not containing eggs) imported into Vietnam surged to X tons, picking up by 34% on 2020 figures. In general, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of 67% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, uncooked pasta (not containing eggs) imports soared to $X in 2021. Over the period under review, imports showed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 55%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest uncooked pasta (not containing eggs) supplier to Vietnam, with a 42% share of total imports. Moreover, uncooked pasta (not containing eggs) imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.4% per year) and South Korea (+7.7% per year).

In value terms, Italy ($X) constituted the largest supplier of uncooked pasta (not containing eggs) to Vietnam, comprising 42% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by South Korea, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.6% per year) and South Korea (+6.7% per year).

Import Prices by Country

In 2021, the average import price for uncooked pasta (not containing eggs) amounted to $X per ton, dropping by -8.1% against the previous year. Overall, the import price showed a mild decrease. The most prominent rate of growth was recorded in 2020 an increase of 11% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Australia ($X per ton) and Japan ($X per ton), while the price for Spain ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :