Stuffed Pasta Market in the EU Slows Down, Levelling Off at $2.8B

IndexBox has just published a new report: 'EU - Pasta Stuffed With Meat, Fish And Cheese - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

The revenue of the market for pasta stuffed with meat, fish and cheese in the European Union amounted to $2.8B in 2018, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption of pasta stuffed with meat, fish and cheese continues to indicate a relatively flat trend pattern.

Consumption By Country in the EU

The countries with the highest volumes of consumption of pasta stuffed with meat, fish and cheese in 2018 were Germany (263K tons), France (207K tons) and Italy (138K tons), with a combined 60% share of total consumption. These countries were followed by the UK, Poland, Spain, Belgium and Hungary, which together accounted for a further 27%.

From 2007 to 2018, the most notable rate of growth in terms of consumption of pasta stuffed with meat, fish and cheese, amongst the main consuming countries, was attained by Hungary, while consumption of pasta stuffed with meat, fish and cheese for the other leaders experienced more modest paces of growth.

In value terms, France ($672M), Germany ($579M) and Italy ($493M) were the countries with the highest levels of market value in 2018, together comprising 61% of the total market. The UK, Belgium, Spain, Poland and Hungary lagged somewhat behind, together comprising a further 25%.

The countries with the highest levels of meat, fish and cheese pasta per capita consumption in 2018 were Belgium (4,007 kg per 1000 persons), Germany (3,206 kg per 1000 persons) and France (3,161 kg per 1000 persons).

Market Forecast 2019-2025 in the EU

Driven by increasing demand for meat, fish and cheese pasta in the European Union, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.7% for the period from 2018 to 2030, which is projected to bring the market volume to 1.1M tons by the end of 2030.

Production in the EU

In 2018, the production of pasta stuffed with meat, fish and cheese in the European Union totaled 1M tons, standing approx. at the previous year. The total output volume increased at an average annual rate of +1.4% over the period from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations over the period under review. The pace of growth was the most pronounced in 2017 when production volume increased by 8.4% year-to-year. In that year, production of pasta stuffed with meat, fish and cheese attained its peak volume of 1M tons, and then declined slightly in the following year.

Production By Country in the EU

The countries with the highest volumes of production of pasta stuffed with meat, fish and cheese in 2018 were Italy (277K tons), Germany (208K tons) and France (185K tons), together accounting for 65% of total production.

From 2007 to 2018, the most notable rate of growth in terms of production of pasta stuffed with meat, fish and cheese, amongst the main producing countries, was attained by Germany, while production of pasta stuffed with meat, fish and cheese for the other leaders experienced more modest paces of growth.

Exports in the EU

The exports totaled 359K tons in 2018, rising by 4.9% against the previous year. The total export volume increased at an average annual rate of +3.0% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, exports of pasta stuffed with meat, fish and cheese reached their peak figure in 2018 and are likely to continue its growth in the immediate term. In value terms, exports of pasta stuffed with meat, fish and cheese totaled $1.2B (IndexBox estimates) in 2018.

Exports by Country

Italy was the largest exporter of pasta stuffed with meat, fish and cheese exported in the European Union, with the volume of exports finishing at 144K tons, which was approx. 40% of total exports in 2018. Belgium (53K tons) ranks second in terms of the total exports with a 15% share, followed by France (9.8%), Austria (9.1%), Germany (5.4%) and the Netherlands (4.6%). Luxembourg (11K tons) occupied a minor share of total exports.

From 2007 to 2018, average annual rates of growth with regard to meat, fish and cheese pasta exports from Italy stood at +1.9%. At the same time, Austria (+11.6%), the Netherlands (+10.0%), Germany (+3.0%), Luxembourg (+2.5%) and France (+1.3%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +11.6% from 2007-2018. Belgium experienced a relatively flat trend pattern.

In value terms, Italy ($544M) remains the largest meat, fish and cheese pasta supplier in the European Union, comprising 45% of total exports of pasta stuffed with meat, fish and cheese. The second position in the ranking was occupied by Belgium ($159M), with a 13% share of total exports. It was followed by France, with a 8.8% share.

Export Prices by Country

The export price for pasta stuffed with meat, fish and cheese in the European Union stood at $3,365 per ton in 2018, going up by 10% against the previous year.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the Netherlands ($4,021 per ton), while Luxembourg ($2,304 per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the other leaders experienced more modest paces of growth.

Imports in the EU

Stuffed pasta imports in the EU totaled 343K tons in 2018, going up by 11% against the previous year. The total import volume increased at an average annual rate of +3.2% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. In value terms, imports of pasta stuffed with meat, fish and cheese totaled $1.1B (IndexBox estimates) in 2018.

Imports by Country

The imports of the three major importers of pasta stuffed with meat, fish and cheese, namely Germany, France and the UK, represented more than half of total import. It was distantly followed by Belgium (25K tons), Spain (25K tons), the Netherlands (21K tons) and Austria (16K tons), together generating a 25% share of total imports. Portugal (14,869 tons), Sweden (7,481 tons), Denmark (6,532 tons), Ireland (6,312 tons) and Italy (5,260 tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Portugal, while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($194M), France ($187M) and the UK ($136M) were the countries with the highest levels of imports in 2018, together accounting for 49% of total imports. Belgium, Spain, the Netherlands, Austria, Portugal, Sweden, Denmark, Italy and Ireland lagged somewhat behind, together accounting for a further 42%.

Import Prices by Country

The import price for pasta stuffed with meat, fish and cheese in the European Union stood at $3,089 per ton in 2018, rising by 2.4% against the previous year. Over the period under review, the import price for pasta stuffed with meat, fish and cheese continues to indicate a relatively flat trend pattern.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Italy ($3,871 per ton) and Belgium ($3,628 per ton), while Germany ($2,609 per ton) and Ireland ($2,783 per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform