Singapore: Market for Uncooked Pasta (Not Containing Eggs) 2023

Market Size for Uncooked Pasta (Not Containing Eggs) in Singapore

In 2021, the Singaporean market for uncooked pasta (not containing eggs) increased by 2.4% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +2.9% 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 2017 to 2021, the growth of the market remained at a lower figure.

Production of Uncooked Pasta (Not Containing Eggs) in Singapore

In value terms, uncooked pasta (not containing eggs) production surged to $X in 2021 estimated in export price. Over the period under review, production, however, showed a mild slump. The growth pace was the most rapid in 2016 with an increase of 228%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Exports of Uncooked Pasta (Not Containing Eggs)

Exports from Singapore

In 2021, exports of uncooked pasta (not containing eggs) from Singapore soared to X tons, with an increase of 17% against 2020. Over the period under review, exports, however, showed a noticeable decrease. The pace of growth was the most pronounced in 2013 with an increase of 17%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, uncooked pasta (not containing eggs) exports soared to $X in 2021. Overall, exports, however, showed a deep setback. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Benin (X tons), Niger (X tons) and the UK (X tons) were the main destinations of uncooked pasta (not containing eggs) exports from Singapore, together accounting for 49% of total exports. The Netherlands, Malaysia, Australia, the United States, Hong Kong SAR, Brunei Darussalam, Samoa, Kuwait and Indonesia lagged somewhat behind, together comprising a further 36%.

From 2012 to 2021, the biggest increases were recorded for Kuwait (with a CAGR of +24.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for uncooked pasta (not containing eggs) exported from Singapore were the UK ($X), the Netherlands ($X) and Benin ($X), with a combined 33% share of total exports. Malaysia, the United States, Australia, Brunei Darussalam, Hong Kong SAR, Indonesia, Kuwait, Niger and Samoa lagged somewhat behind, together comprising a further 41%.

In terms of the main countries of destination, Kuwait, with a CAGR of +27.7%, recorded the highest growth rate of 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 export price for uncooked pasta (not containing eggs) stood at $X per ton in 2021, rising by 7% against the previous year. Over the period under review, the export price, however, continues to indicate a slight decline. The growth pace was the most rapid in 2020 an increase of 10% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Niger ($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 Indonesia (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Uncooked Pasta (Not Containing Eggs)

Imports into Singapore

In 2021, the amount of uncooked pasta (not containing eggs) imported into Singapore declined to X tons, with a decrease of -7.5% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 15%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, uncooked pasta (not containing eggs) imports declined to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 16%. As a result, imports attained the peak of $X, and then shrank slightly in the following year.

Imports by Country

Italy (X tons), Vietnam (X tons) and Malaysia (X tons) were the main suppliers of uncooked pasta (not containing eggs) imports to Singapore, together comprising 51% of total imports. These countries were followed by China, Australia, Thailand, Japan, South Korea and Hong Kong SAR, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +7.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest uncooked pasta (not containing eggs) suppliers to Singapore were Italy ($X), China ($X) and Japan ($X), with a combined 47% share of total imports. These countries were followed by Malaysia, Vietnam, Australia, Thailand, South Korea and Hong Kong SAR, which together accounted for a further 45%.

South Korea, with a CAGR of +7.9%, saw the highest growth rate of 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

In 2021, the average import price for uncooked pasta (not containing eggs) amounted to $X per ton, surging by 6.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by China (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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