Philippines - Stuffed Pasta And Couscous - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Philippines - Stuffed Pasta And Couscous - Market Analysis, Forecast, Size, Trends and Insights

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Pasta and Couscous Price in the Philippines - 2023

Contents:

  1. Pasta and Couscous Price in the Philippines (CIF) - 2023
  2. Pasta and Couscous Price in the Philippines (FOB) - 2023
  3. Pasta and Couscous Imports in the Philippines
  4. Pasta and Couscous Exports in the Philippines

Pasta and Couscous Price in the Philippines (CIF) - 2023

The average pasta and couscous import price stood at $1,104 per ton in December 2022, surging by 7.5% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 an increase of 10% m-o-m. The import price peaked at $1,322 per ton in July 2022; however, from August 2022 to December 2022, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($1,726 per ton), while the price for Denmark ($491 per ton) was amongst the lowest.

From April 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Pasta and Couscous Price in the Philippines (FOB) - 2023

The average pasta and couscous export price stood at $2,629 per ton in December 2022, waning by -15.9% against the previous month. Overall, the export price recorded a mild reduction. The growth pace was the most rapid in September 2022 when the average export price increased by 30% month-to-month. Over the period under review, the average export prices hit record highs at $3,542 per ton in July 2022; however, from August 2022 to December 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($4,249 per ton), while the average price for exports to Papua New Guinea ($741 per ton) was amongst the lowest.

From April 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta and Couscous Imports in the Philippines

In 2022, pasta and couscous imports into the Philippines totaled 31K tons, surging by 14% compared with 2021 figures. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +24.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, pasta and couscous imports skyrocketed to $37M in 2022. Overall, imports saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 38%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Import of Pasta and Couscous in the Philippines (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia3.87.29.310.239.0%
China4.44.36.49.428.8%
South Korea4.87.310.09.023.3%
Japan0.80.91.31.728.6%
Vietnam0.20.20.71.386.6%
United Arab EmiratesN/AN/AN/A0.80%
United States0.40.40.80.720.5%
Turkey0.70.40.10.4-17.0%
Others1.91.52.23.219.0%
Total16.922.330.836.729.5%

Top Suppliers of Pasta and Couscous to the Philippines in 2022:

  1. South Korea (11.7K tons)
  2. China (7.7K tons)
  3. Indonesia (6.0K tons)
  4. Japan (1.3K tons)
  5. United Arab Emirates (1.1K tons)
  6. United States (0.7K tons)
  7. Vietnam (0.5K tons)
  8. Turkey (0.4K tons)

Pasta and Couscous Exports in the Philippines

Pasta and couscous exports from the Philippines fell notably to 3K tons in 2022, shrinking by -29.1% on the year before. Over the period under review, exports continue to indicate a sharp setback. The smallest decline of -4.7% was in 2021.

In value terms, pasta and couscous exports dropped significantly to $8.6M in 2022. In general, exports faced a precipitous shrinkage. The smallest decline of -5.1% was in 2021.

Export of Pasta and Couscous in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States4,7992,0942,0801,396-33.7%
United Arab Emirates1,8642,6061,3641,385-9.4%
Singapore4852101911,13932.9%
Japan2323924311,01763.7%
Canada3,3612,0961,459499-47.0%
Saudi Arabia2,2871,1611,189469-41.0%
United Kingdom72725867.5395-18.4%
Qatar1,7241,487657344-41.6%
Australia2401007322612.8%
Guam14910.842521012.1%
Kuwait1,080363640210-42.1%
Hong Kong SAR53.170.820915743.5%
Taiwan (Chinese)20212735597.9-21.5%
Others4,0141,9252,444998-37.1%
Total21,21812,90212,2428,578-26.1%

Top Export Markets for Pasta and Couscous from the Philippines in 2022:

  1. Singapore (480.1 tons)
  2. United States (447.6 tons)
  3. United Arab Emirates (336.3 tons)
  4. Japan (299.3 tons)
  5. United Kingdom (183.4 tons)
  6. Guam (150.4 tons)
  7. Canada (150.1 tons)
  8. Saudi Arabia (141.0 tons)
  9. Australia (113.0 tons)
  10. Qatar (106.8 tons)
  11. Hong Kong SAR (104.7 tons)
  12. Kuwait (82.0 tons)
  13. Taiwan (Chinese) (76.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for stuffed pasta and couscous in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 10731200 - Couscous
  • Prodcom 10851410 - Cooked or uncooked pasta stuffed with meat, fish, cheese or other substances in any proportion
  • Prodcom 10851430 - Dried, undried and frozen pasta and pasta products (including prepared dishes) (excluding uncooked pasta, stuffed pasta)

Country coverage:

  • Philippines

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the Philippines
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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