Singapore: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in Singapore

The Singaporean uncooked pasta market expanded sharply to $X in 2021, rising by 5.6% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Uncooked Pasta Production in Singapore

In value terms, uncooked pasta production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% 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 30%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Uncooked Pasta Exports

Exports from Singapore

In 2021, overseas shipments of uncooked pasta (containing eggs) decreased by -12.8% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, showed measured growth. The pace of growth appeared the most rapid in 2014 when exports increased by 149% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, uncooked pasta exports expanded to $X in 2021. Over the period under review, exports, however, enjoyed a modest increase. The pace of growth appeared the most rapid in 2014 when exports increased by 168% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Brunei Darussalam (X tons), Australia (X tons) and Malaysia (X tons) were the main destinations of uncooked pasta exports from Singapore, with a combined 67% share of total exports. These countries were followed by Japan, the United Arab Emirates, Hong Kong SAR, Indonesia and Sri Lanka, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +33.9%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Brunei Darussalam ($X) and Indonesia ($X) were the largest markets for uncooked pasta exported from Singapore worldwide, with a combined 65% share of total exports. Japan, the United Arab Emirates, Malaysia, Hong Kong SAR and Sri Lanka lagged somewhat behind, together accounting for a further 23%.

The United Arab Emirates, with a CAGR of +37.5%, saw the highest growth rate of the value of exports, among 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 2021, the average uncooked pasta export price amounted to $X per ton, growing by 17% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Malaysia ($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 Sri Lanka (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Uncooked Pasta Imports

Imports into Singapore

In 2021, uncooked pasta imports into Singapore soared to X tons, picking up by 18% compared with the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 20% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, uncooked pasta imports surged to $X in 2021. Over the period under review, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 45% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Malaysia (X tons), Italy (X tons) and China (X tons) were the main suppliers of uncooked pasta imports to Singapore, with a combined 64% share of total imports. Taiwan (Chinese), Hong Kong SAR, Indonesia and Germany lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +50.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest uncooked pasta suppliers to Singapore were Malaysia ($X), Italy ($X) and Germany ($X), together comprising 62% of total imports.

Among the main suppliers, Germany, with a CAGR of +64.1%, 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 average uncooked pasta import price amounted to $X per ton, increasing by 4.1% against the previous year. Over the last nine years, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2018 an increase of 21% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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