Singapore: Market for Stuffed Pasta and Couscous 2024

Market Size for Stuffed Pasta and Couscous in Singapore

After five years of growth, the Singaporean stuffed pasta and couscous market decreased by X% to $X in 2022. Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then fell in the following year.

Production of Stuffed Pasta and Couscous in Singapore

In value terms, stuffed pasta and couscous production shrank to $X in 2022 estimated in export price. In general, production continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

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Exports of Stuffed Pasta and Couscous

Exports from Singapore

In 2022, approx. X tons of stuffed pasta and couscous were exported from Singapore; with an increase of X% compared with 2021. 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 throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, stuffed pasta and couscous exports totaled $X in 2022. In general, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2014 indices. 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 near future.

Exports by Country

Australia (X tons), the UK (X tons) and Ireland (X tons) were the main destinations of stuffed pasta and couscous exports from Singapore, with a combined X% share of total exports. India, the United States, Portugal, China, the United Arab Emirates, Brunei Darussalam and Malaysia lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for stuffed pasta and couscous exported from Singapore were Australia ($X), the UK ($X) and Ireland ($X), together accounting for X% of total exports. The United States, India, the United Arab Emirates, China, Portugal, Brunei Darussalam and Malaysia lagged somewhat behind, together accounting for a further X%.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average stuffed pasta and couscous export price amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to India ($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 Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stuffed Pasta and Couscous

Imports into Singapore

Stuffed pasta and couscous imports into Singapore reached X tons in 2022, growing by X% against 2021 figures. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, stuffed pasta and couscous imports rose notably to $X in 2022. In general, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest stuffed pasta and couscous supplier to Singapore, accounting for a X% share of total imports. Moreover, stuffed pasta and couscous imports from Malaysia exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), twofold. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and China (X% per year).

In value terms, Malaysia ($X), Indonesia ($X) and China ($X) appeared to be the largest stuffed pasta and couscous suppliers to Singapore, together comprising X% of total imports.

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average stuffed pasta and couscous import price stood at $X per ton in 2022, surging by 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 appeared the most rapid in 2021 an increase of 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 Thailand ($X per ton), while the price for Malaysia ($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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