China: Market for Stuffed Pasta and Couscous 2024

Market Size for Stuffed Pasta and Couscous in China

In 2022, the Chinese stuffed pasta and couscous market decreased by X% to $X, falling for the second year in a row after three years of growth. In general, consumption, however, recorded a prominent expansion. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Stuffed Pasta and Couscous in China

In value terms, stuffed pasta and couscous production totaled $X in 2022 estimated in export price. Overall, production continues to indicate resilient growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Stuffed Pasta and Couscous

Exports from China

In 2022, shipments abroad of stuffed pasta and couscous increased by X% to X tons, rising for the sixth year in a row after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, stuffed pasta and couscous exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Hong Kong SAR (X tons), the United States (X tons) and South Korea (X tons) were the main destinations of stuffed pasta and couscous exports from China, together accounting for X% of total exports. Canada, Japan, the Netherlands, the UK, Australia, Germany, Malaysia, the Philippines, Russia and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), the United States ($X) and South Korea ($X) appeared to be the largest markets for stuffed pasta and couscous exported from China worldwide, together comprising X% of total exports. Japan, Canada, Australia, the Netherlands, the UK, the Philippines, Malaysia, Germany, Russia and France lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average stuffed pasta and couscous export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stuffed Pasta and Couscous

Imports into China

Stuffed pasta and couscous imports into China was estimated at X tons in 2022, picking up by X% compared with the previous year. In general, imports saw a remarkable increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, stuffed pasta and couscous imports rose slightly to $X in 2022. Overall, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, South Korea (X tons) constituted the largest stuffed pasta and couscous supplier to China, accounting for a X% share of total imports. Moreover, stuffed pasta and couscous imports from South Korea exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), sevenfold. Hong Kong SAR (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Hong Kong SAR (X% per year).

In value terms, South Korea ($X) constituted the largest supplier of stuffed pasta and couscous to China, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

In 2022, the average stuffed pasta and couscous import price amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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