Singapore: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in Singapore

In 2022, the Singaporean uncooked pasta market increased by X% to $X, rising for the seventh year in a row after three years of decline. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Uncooked Pasta Production in Singapore

In value terms, uncooked pasta production contracted slightly to $X in 2022 estimated in export price. Overall, production showed a pronounced curtailment. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Uncooked Pasta Exports

Exports from Singapore

In 2022, uncooked pasta exports from Singapore declined slightly to X tons, waning by X% compared with the previous year's figure. Overall, exports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, uncooked pasta exports rose remarkably to $X in 2022. In general, exports recorded a pronounced setback. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), the Netherlands (X tons) and Australia (X tons) were the main destinations of uncooked pasta exports from Singapore, with a combined X% share of total exports. Brunei Darussalam, Hong Kong SAR, the UK, the United Arab Emirates, Sweden, the United States, Japan and Indonesia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of X%, recorded 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

In 2022, the average uncooked pasta export price amounted to $X per ton, rising by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2016; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Malaysia ($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 Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Uncooked Pasta Imports

Imports into Singapore

In 2022, the amount of uncooked pasta imported into Singapore rose modestly to X tons, with an increase of X% against 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, uncooked pasta imports rose slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

Italy (X tons), Malaysia (X tons) and Vietnam (X tons) were the main suppliers of uncooked pasta imports to Singapore, with a combined X% share of total imports. China, Australia, Thailand, South Korea, Japan and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest uncooked pasta suppliers to Singapore were Italy ($X), China ($X) and Malaysia ($X), with a combined X% share of total imports. Vietnam, Japan, Thailand, Australia, South Korea and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 uncooked pasta import price stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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 Japan ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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