Uncooked Pasta Prices in Spain Soar to $4,043 per Ton

Spain Uncooked Pasta Import Price in November 2022

In November 2022, the uncooked pasta price stood at $4,043 per ton (CIF, Spain), with an increase of 24% against the previous month. Over the last ten months, it increased at an average monthly rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In November 2022, the country with the highest price was Germany ($31,395 per ton), while the price for the Netherlands ($2,803 per ton) was amongst the lowest.

From January 2022 to November 2022, the most notable rate of growth in terms of prices was attained by Germany (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Spain Uncooked Pasta Imports

In November 2022, approximately 532 tons of uncooked pasta (containing eggs) were imported into Spain; shrinking by -22.4% on the previous month's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when imports increased by 35% against the previous month. Imports peaked at 707 tons in July 2022; however, from August 2022 to November 2022, imports remained at a lower figure.

In value terms, uncooked pasta imports fell to $2.2M (IndexBox estimates) in November 2022. The total import value increased at an average monthly rate of +1.7% over the period from January 2022 to November 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in March 2022 when imports increased by 26% against the previous month. Over the period under review, imports hit record highs at 2.4K tons in August 2022; however, from September 2022 to November 2022, imports remained at a lower figure.

Spain Uncooked Pasta Imports by Country

In November 2022, Italy (440 tons) constituted the largest uncooked pasta supplier to Spain, with a 83% share of total imports. Moreover, uncooked pasta imports from Italy exceeded the figures recorded by the second-largest supplier, France (43 tons), tenfold. The third position in this ranking was taken by Belgium (21 tons), with a 3.9% share.

From January 2022 to November 2022, the average monthly growth rate of volume from Italy amounted to +1.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: France (+20.2% per month) and Belgium (-6.3% per month).

In value terms, Italy ($1.7M) constituted the largest supplier of uncooked pasta to Spain, comprising 81% of total imports. The second position in the ranking was taken by France ($149K), with a 6.9% share of total imports. It was followed by Belgium, with a 4.5% share.

From January 2022 to November 2022, the average monthly rate of growth in terms of value from Italy amounted to +3.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: France (+19.6% per month) and Belgium (-2.3% per month).

Why Are Prices Rising? Understanding the Factors Behind Increasing Costs

Pasta has always been a staple in many households, but the recent increase in uncooked pasta prices in Spain has left many consumers shocked. The price per ton of uncooked pasta in Spain has surged to $4,043, a dramatic increase from previous years.

The reason for this sudden increase in prices can be attributed to several factors. One of the primary reasons is the shortage of wheat, which is a key ingredient in making pasta. The wheat production in Spain has been impacted by unfavorable weather conditions, leading to a decrease in supply. This, in turn, has resulted in higher prices of wheat, thereby driving up the price of uncooked pasta.

Another factor contributing to the increase in uncooked pasta prices is the rise in demand. As the pandemic forced people to stay at home, there has been a surge in demand for packaged foods like pasta, which has resulted in higher prices.

Furthermore, the transportation costs of raw materials and finished goods have also increased significantly. This is due to the disruption of supply chains caused by the pandemic. As a result, the transportation costs of importing wheat and exporting uncooked pasta have increased, which has contributed to the rise in prices.

The surge in uncooked pasta prices in Spain has affected both consumers and businesses. Consumers are finding it hard to justify spending such a high amount on a basic commodity like pasta, which has led to a decline in demand. Businesses that rely on pasta as a key ingredient in their products are also feeling the pinch, as the increase in prices has impacted their profit margins.

Source: IndexBox Market Intelligence Platform