Philippines: Market for Uncooked Pasta (Not Containing Eggs) 2024

Market Size for Uncooked Pasta (Not Containing Eggs) in the Philippines

The Philippine market for uncooked pasta (not containing eggs) dropped slightly to $X in 2021, reducing by -4% against the previous year. The market value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Uncooked Pasta (Not Containing Eggs) in the Philippines

In value terms, uncooked pasta (not containing eggs) production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% 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 2014 when the production volume increased by 59% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

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Exports of Uncooked Pasta (Not Containing Eggs)

Exports from the Philippines

Uncooked pasta (not containing eggs) exports from the Philippines reached X tons in 2021, picking up by 4.2% against 2020 figures. Overall, exports saw a strong increase. The growth pace was the most rapid in 2016 when exports increased by 82%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, uncooked pasta (not containing eggs) exports rose rapidly to $X in 2021. Over the period under review, exports recorded a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 101% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the near future.

Exports by Country

The United States (X tons) was the main destination for uncooked pasta (not containing eggs) exports from the Philippines, with a 36% share of total exports. Moreover, uncooked pasta (not containing eggs) exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+9.5% per year) and the United Arab Emirates (+1.4% per year).

In value terms, the United States ($X) remains the key foreign market for uncooked pasta (not containing eggs) exports from the Philippines, comprising 34% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total exports. It was followed by Saudi Arabia, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+6.8% per year) and Saudi Arabia (+15.8% per year).

Export Prices by Country

In 2021, the average export price for uncooked pasta (not containing eggs) amounted to $X per ton, growing by 2.7% against the previous year. Over the last nine years, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2018 an increase of 19%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Uncooked Pasta (Not Containing Eggs)

Imports into the Philippines

After three years of growth, purchases abroad of uncooked pasta (not containing eggs) decreased by -3.9% to X tons in 2021. Over the period under review, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 115%. Over the period under review, imports reached the maximum at X tons in 2020, and then reduced modestly in the following year.

In value terms, uncooked pasta (not containing eggs) imports contracted to $X in 2021. In general, imports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 116% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020, and then reduced modestly in the following year.

Imports by Country

Indonesia (X tons), Turkey (X tons) and the United Arab Emirates (X tons) were the main suppliers of uncooked pasta (not containing eggs) imports to the Philippines, with a combined 68% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +74.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest uncooked pasta (not containing eggs) suppliers to the Philippines were Indonesia ($X), Turkey ($X) and China ($X), together accounting for 60% of total imports.

Among the main suppliers, Turkey, with a CAGR of +83.7%, saw the highest growth rate of 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 average import price for uncooked pasta (not containing eggs) amounted to $X per ton, rising by 3.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2015 an increase of 15% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for the United Arab Emirates ($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 (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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