Philippines - Dried, Undried And Frozen Pasta And Pasta Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPasta Products Price in the Philippines - 2023
Contents:
- Pasta Products Price in the Philippines (CIF) - 2023
- Pasta Products Price in the Philippines (FOB) - 2023
- Pasta Products Imports in the Philippines
- Pasta Products Exports in the Philippines
Pasta Products Price in the Philippines (CIF) - 2023
In July 2023, the average pasta products import price amounted to $1,207 per ton, shrinking by -4.3% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 an increase of 38% against the previous month. As a result, import price attained the peak level of $1,368 per ton. From March 2023 to July 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Vietnam ($2,054 per ton), while the price for Italy ($549 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Pasta Products Price in the Philippines (FOB) - 2023
In July 2023, the average pasta products export price amounted to $3,304 per ton, reducing by -2% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 an increase of 30% month-to-month. Over the period under review, the average export prices hit record highs at $3,695 per ton in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Bahrain ($6,623 per ton), while the average price for exports to Brunei Darussalam ($1,343 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.
Pasta Products Imports in the Philippines
For the fourth year in a row, the Philippines recorded growth in overseas purchases of dried, undried and frozen pasta and pasta products, which increased by 15% to 30K tons in 2022. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 60%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, pasta products imports skyrocketed to $35M in 2022. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 49%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Pasta Products in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 3.8 | 7.2 | 9.3 | 10.2 | 39.0% |
| China | 4.3 | 2.7 | 6.3 | 9.0 | 27.9% |
| South Korea | 4.5 | 6.7 | 9.3 | 8.4 | 23.1% |
| Japan | 0.8 | 0.9 | 1.2 | 1.7 | 28.6% |
| Vietnam | 0.1 | 0.2 | 0.7 | 1.3 | 135.1% |
| United Arab Emirates | N/A | N/A | N/A | 0.8 | 0% |
| United States | 0.2 | 0.3 | 0.8 | 0.7 | 51.8% |
| Turkey | 0.7 | 0.4 | 0.1 | 0.4 | -17.0% |
| Others | 1.6 | 1.3 | 1.9 | 2.7 | 19.1% |
| Total | 15.9 | 19.9 | 29.7 | 35.2 | 30.3% |
Top Suppliers of Pasta Products to the Philippines in 2022:
- South Korea (10.8K tons)
- China (6.9K tons)
- Indonesia (6.0K tons)
- Japan (1.2K tons)
- United Arab Emirates (1.1K tons)
- United States (0.7K tons)
- Vietnam (0.5K tons)
- Turkey (0.4K tons)
Pasta Products Exports in the Philippines
For the third consecutive year, the Philippines recorded decline in shipments abroad of dried, undried and frozen pasta and pasta products, which decreased by -32.9% to 2.8K tons in 2022. In general, exports faced a dramatic curtailment. The smallest decline of -4.6% was in 2021.
In value terms, pasta products exports reduced notably to $7.9M in 2022. Over the period under review, exports saw a sharp curtailment. The smallest decline of -3.6% was in 2021.
| Export of Pasta Products in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1,859 | 2,551 | 1,254 | 1,258 | -12.2% |
| United States | 4,799 | 2,079 | 2,060 | 1,207 | -36.9% |
| Singapore | 485 | 210 | 191 | 1,130 | 32.6% |
| Japan | 232 | 392 | 431 | 1,017 | 63.7% |
| Saudi Arabia | 2,287 | 1,161 | 1,189 | 469 | -41.0% |
| Canada | 3,361 | 2,096 | 1,459 | 441 | -49.2% |
| United Kingdom | 727 | 258 | 67.5 | 395 | -18.4% |
| Qatar | 1,724 | 1,487 | 657 | 220 | -49.7% |
| Guam | 149 | 10.8 | 425 | 210 | 12.1% |
| Kuwait | 1,080 | 363 | 640 | 210 | -42.1% |
| Australia | 240 | 100 | 732 | 203 | -5.4% |
| Hong Kong SAR | 53.1 | 70.8 | 209 | 156 | 43.2% |
| Taiwan (Chinese) | 202 | 127 | 354 | 93.4 | -22.7% |
| Others | 4,014 | 1,628 | 2,419 | 894 | -39.4% |
| Total | 21,212 | 12,534 | 12,087 | 7,906 | -28.0% |
Top Export Markets for Pasta Products from the Philippines in 2022:
- Singapore (477.8 tons)
- United States (372.2 tons)
- United Arab Emirates (301.3 tons)
- Japan (299.3 tons)
- United Kingdom (183.4 tons)
- Guam (150.4 tons)
- Saudi Arabia (141.0 tons)
- Canada (128.4 tons)
- Hong Kong SAR (102.9 tons)
- Kuwait (82.0 tons)
- Australia (78.5 tons)
- Taiwan (Chinese) (71.4 tons)
- Qatar (68.1 tons)
This report provides an in-depth analysis of the pasta products market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10851430 - Dried, undried and frozen pasta and pasta products (including prepared dishes) (excluding uncooked pasta, stuffed pasta)
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
523
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In 2016, the global pasta and couscous imports amounted to X tons, going up by X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 t...
1636
In 2016, the global pasta and couscous imports amounted to X tons, going up by X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 t...
1105
Italy continued its dominance in the global uncooked pasta trade. In 2014, Italy exported X kt of uncooked pasta totaling $X, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of its total uncook
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Global trade in pasta stuffed with meat, fish and cheese stood at 663K tons in 2020, growing by 4% against the previous year. In value terms, supplies expanded rapidly from $1.9B to $2.1B.
1030
In 2016, the global pasta and couscous imports amounted to X tons, going up by X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 t...
1636
In 2016, the global pasta and couscous imports amounted to X tons, going up by X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 t...
1105
Italy continued its dominance in the global uncooked pasta trade. In 2014, Italy exported X kt of uncooked pasta totaling $X, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of its total uncook
469
Global trade in pasta stuffed with meat, fish and cheese stood at 663K tons in 2020, growing by 4% against the previous year. In value terms, supplies expanded rapidly from $1.9B to $2.1B.
