Eastern Asia: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in Eastern Asia

The East Asian uncooked pasta market contracted to $X in 2021, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Uncooked Pasta Production in Eastern Asia

In value terms, uncooked pasta production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 25%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Uncooked Pasta Exports

Exports in Eastern Asia

After two years of growth, shipments abroad of uncooked pasta (containing eggs) decreased by -25.9% to X tons in 2021. The total export volume increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 35% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, uncooked pasta exports contracted rapidly to $X in 2021. Total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 40% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020, and then dropped rapidly in the following year.

Exports by Country

China (X tons) and Japan (X tons) represented roughly 56% of total exports in 2021. Hong Kong SAR (X tons) ranks next in terms of the total exports with a 16% share, followed by Democratic People's Republic of Korea (11%), South Korea (8.6%) and Taiwan (Chinese) (8.3%).

From 2012 to 2021, the biggest increases were recorded for Democratic People's Republic of Korea (with a CAGR of +28.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest uncooked pasta supplying countries in Eastern Asia were Japan ($X), Hong Kong SAR ($X) and China ($X), together comprising 73% of total exports. These countries were followed by South Korea, Taiwan (Chinese) and Democratic People's Republic of Korea, which together accounted for a further 27%.

In terms of the main exporting countries, Democratic People's Republic of Korea, with a CAGR of +25.7%, 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 2021, the export price in Eastern Asia amounted to $X per ton, falling by -18.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2020 when the export price increased by 22% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined notably in the following year.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.5%), while the other leaders experienced more modest paces of growth.

Uncooked Pasta Imports

Imports in Eastern Asia

Uncooked pasta imports declined modestly to X tons in 2021, dropping by -1.6% on the previous year. Over the period under review, imports recorded a mild slump. The growth pace was the most rapid in 2014 with an increase of 14%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, uncooked pasta imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Hong Kong SAR represented the major importing country with an import of about X tons, which reached 62% of total imports. South Korea (X tons) took a 20% share (based on physical terms) of total imports, which put it in second place, followed by Macao SAR (6.4%) and Japan (5.9%). China (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

Hong Kong SAR was also the fastest-growing in terms of the uncooked pasta (containing eggs) imports, with a CAGR of +6.0% from 2012 to 2021. At the same time, China (+3.4%) and Taiwan (Chinese) (+3.3%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, Macao SAR (-3.5%) and South Korea (-11.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Hong Kong SAR increased by +31 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported uncooked pasta (containing eggs) in Eastern Asia, comprising 60% of total imports. The second position in the ranking was taken by South Korea ($X), with an 18% share of total imports. It was followed by Japan, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value in Hong Kong SAR totaled +8.4%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-7.4% per year) and Japan (-2.8% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, with an increase of 23% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while South Korea ($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 (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :