Pasta Products Market

The global pasta market is expected to continue growing over the next eight years, with an anticipated CAGR of +3.0% in consumption volume and +4.6% in market value from 2022 to 2030. China leads in both consumption and production of pasta products, while the United States and India also play significant roles in the market. Import and export trends show continued growth, with China, South Korea, and Thailand leading in exports, and the United States, the UK, and Germany as major importers. Prices and volumes show fluctuations, with notable growth rates recorded in certain years. Overall, the pasta market is projected to see steady growth in the coming years.

Market Forecast

Driven by increasing demand for dried, undried and frozen pasta and pasta products worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +3.0% for the period from 2022 to 2030, which is projected to bring the market volume to 10M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.6% for the period from 2022 to 2030, which is projected to bring the market value to $21.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Dried, Undried And Frozen Pasta And Pasta Products

In 2022, after ten years of growth, there was decline in consumption of dried, undried and frozen pasta and pasta products, when its volume decreased by -4.3% to 7.9M tons. The total consumption volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the consumption volume increased by 8.7% against the previous year. Global consumption peaked at 8.2M tons in 2021, and then shrank slightly in the following year.

The global pasta products market size contracted modestly to $15.2B in 2022, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when the market value increased by 9.4% against the previous year. Over the period under review, the global market reached the maximum level at $15.3B in 2021, and then declined modestly in the following year.

Consumption By Country

China (1.2M tons) constituted the country with the largest volume of pasta products consumption, accounting for 16% of total volume. Moreover, pasta products consumption in China exceeded the figures recorded by the second-largest consumer, the United States (556K tons), twofold. The third position in this ranking was taken by India (491K tons), with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume in China totaled +3.7%. The remaining consuming countries recorded the following average annual rates of consumption growth: the United States (+5.2% per year) and India (+3.4% per year).

In value terms, China ($1.9B), the United States ($1.2B) and India ($934M) were the countries with the highest levels of market value in 2022, with a combined 27% share of the global market. Japan, Nigeria, the UK, Pakistan, Germany, Indonesia, Brazil, Bangladesh, Mexico and Russia lagged somewhat behind, together accounting for a further 29%.

Among the main consuming countries, Pakistan, with a CAGR of +14.1%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of pasta products per capita consumption in 2022 were the UK (2.7 kg per person), Japan (2 kg per person) and Germany (2 kg per person).

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +10.8%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Dried, Undried And Frozen Pasta And Pasta Products

In 2022, after five years of growth, there was decline in production of dried, undried and frozen pasta and pasta products, when its volume decreased by -2.4% to 8M tons. The total output volume increased at an average annual rate of +3.3% 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 2018 with an increase of 9.4%. Over the period under review, global production reached the peak volume at 8.1M tons in 2021, and then reduced in the following year.

In value terms, pasta products production dropped to $15.8B in 2022 estimated in export price. The total output value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 9.5%. Over the period under review, global production attained the maximum level at $16B in 2021, and then dropped modestly in the following year.

Production By Country

China (1.6M tons) remains the largest pasta products producing country worldwide, accounting for 21% of total volume. Moreover, pasta products production in China exceeded the figures recorded by the second-largest producer, the United States (513K tons), threefold. The third position in this ranking was held by India (491K tons), with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume in China amounted to +3.1%. In the other countries, the average annual rates were as follows: the United States (+3.5% per year) and India (+3.4% per year).

Imports

World Imports of Dried, Undried And Frozen Pasta And Pasta Products

In 2022, overseas purchases of dried, undried and frozen pasta and pasta products decreased by -2.1% to 2M tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 19%. Global imports peaked at 2.1M tons in 2021, and then contracted in the following year.

In value terms, pasta products imports rose rapidly to $4.6B in 2022. In general, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 23%. Global imports peaked in 2022 and are likely to continue growth in years to come.

Imports By Country

In 2022, the United States (115K tons), the UK (104K tons), Germany (103K tons), the Netherlands (101K tons), China (93K tons), Hong Kong SAR (91K tons), Malaysia (90K tons), South Korea (89K tons), Canada (86K tons), Australia (79K tons), Belgium (65K tons) and France (62K tons) was the major importer of dried, undried and frozen pasta and pasta products in the world, making up 53% of total import. Togo (50K tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +15.1%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest pasta products importing markets worldwide were the United States ($372M), the Netherlands ($308M) and the UK ($302M), together comprising 21% of global imports. China, Germany, Canada, Australia, Hong Kong SAR, France, Malaysia, South Korea, Belgium and Togo lagged somewhat behind, together comprising a further 39%.

China, with a CAGR of +19.8%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average pasta products import price amounted to $2,279 per ton, rising by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($3,225 per ton), while Togo ($322 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.1%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Dried, Undried And Frozen Pasta And Pasta Products

In 2022, overseas shipments of dried, undried and frozen pasta and pasta products increased by 5.6% to 2.1M tons, rising for the sixth year in a row after two years of decline. Overall, total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.3% 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 +75.2% against 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 26% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, pasta products exports expanded sharply to $5B in 2022. Over the period under review, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 16%. Over the period under review, the global exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Exports By Country

In 2022, China (502K tons), distantly followed by South Korea (257K tons), Indonesia (155K tons), Thailand (128K tons) and Vietnam (101K tons) were the major exporters of dried, undried and frozen pasta and pasta products, together constituting 54% of total exports. Italy (81K tons), Turkey (76K tons), the United States (73K tons), Germany (59K tons), the Netherlands (54K tons), Russia (51K tons), Malaysia (47K tons) and Kazakhstan (42K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by South Korea (with a CAGR of +17.2%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($864M), South Korea ($862M) and Thailand ($365M) appeared to be the countries with the highest levels of exports in 2022, together comprising 42% of global exports. Indonesia, Vietnam, the Netherlands, Italy, Germany, the United States, Malaysia, Turkey, Russia and Kazakhstan lagged somewhat behind, together accounting for a further 33%.

Among the main exporting countries, Kazakhstan, with a CAGR of +20.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average pasta products export price amounted to $2,362 per ton, picking up by 7.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2016 an increase of 16% against the previous year. The global export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($3,891 per ton), while Turkey ($1,037 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+8.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform