Asia-Pacific: Market for Uncooked Pasta (Not Containing Eggs) 2024

Market Size for Uncooked Pasta (Not Containing Eggs) in Asia-Pacific

After four years of growth, the Asia-Pacific market for uncooked pasta (not containing eggs) decreased by -3.4% to $X in 2021. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020, and then fell slightly in the following year.

Production of Uncooked Pasta (Not Containing Eggs) in Asia-Pacific

In value terms, uncooked pasta (not containing eggs) production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 12% against the previous year. The level of production peaked at $X in 2020, and then dropped slightly in the following year.

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Exports of Uncooked Pasta (Not Containing Eggs)

Exports in Asia-Pacific

In 2021, approx. X tons of uncooked pasta (not containing eggs) were exported in Asia-Pacific; remaining relatively unchanged against the previous year's figure. The total export volume increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 18%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, uncooked pasta (not containing eggs) exports amounted to $X in 2021. The total export value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 11%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2021, Thailand (X tons) was the largest exporter of uncooked pasta (not containing eggs), creating 32% of total exports. Vietnam (X tons) ranks second in terms of the total exports with a 14% share, followed by South Korea (9.8%), China (9.5%), Japan (6.2%), Pakistan (5.3%) and Indonesia (5.2%).

From 2012 to 2021, average annual rates of growth with regard to uncooked pasta (not containing eggs) exports from Thailand stood at +4.2%. At the same time, Indonesia (+10.3%), Vietnam (+9.4%), Pakistan (+4.2%), Japan (+3.1%) and South Korea (+3.0%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +10.3% from 2012-2021. By contrast, China (-1.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam and Indonesia increased by +5.3 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest uncooked pasta (not containing eggs) supplier in Asia-Pacific, comprising 34% of total exports. The second position in the ranking was taken by South Korea ($X), with a 12% share of total exports. It was followed by Japan, with an 11% share.

In Thailand, uncooked pasta (not containing eggs) exports increased at an average annual rate of +4.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (+2.6% per year) and Japan (+2.9% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, approximately mirroring the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the export price increased by 13% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the other leaders experienced more modest paces of growth.

Imports of Uncooked Pasta (Not Containing Eggs)

Imports in Asia-Pacific

After three years of growth, purchases abroad of uncooked pasta (not containing eggs) decreased by -4.8% to X tons in 2021. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 14%. As a result, imports reached the peak of X tons, and then shrank slightly in the following year.

In value terms, uncooked pasta (not containing eggs) imports shrank modestly to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 15%. As a result, imports attained the peak of $X, and then shrank modestly in the following year.

Imports by Country

In 2021, Japan (X tons) and South Korea (X tons) were the key importers of uncooked pasta (not containing eggs) in Asia-Pacific, together constituting 44% of total imports. Afghanistan (X tons) took a 10% share (based on physical terms) of total imports, which put it in second place, followed by China (8%), Hong Kong SAR (7.1%), the Philippines (7%) and Australia (6.4%). Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Afghanistan (with a CAGR of +36.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Australia ($X) were the countries with the highest levels of imports in 2021, with a combined 57% share of total imports. These countries were followed by Hong Kong SAR, China, Afghanistan, the Philippines and Singapore, which together accounted for a further 28%.

In terms of the main importing countries, Afghanistan, with a CAGR of +31.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, with an increase of 3.8% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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