Pasta Export and Import Market Overview
Pasta Global Revenue:
The
global revenue of pasta is $113,549 million US dollars in 2020 and expected to
be $129,910 million dollars in 2025. The global revenue of pasta is steadily
increasing within the years however, it is growing a bit slow. The pasta
market’s CAGR is expected to grow annually by 2.7% between 2020 and 2025.
Global Revenue Growth:
The total revenue
growth in 2020 is 14.23% and the revenue growth in 2025 is 4.5%. The percentage
in 2025 decreases by .7% from 5.1% in 2024. Currently, China generates the most
revenue for pasta and noodles ($24,224 million USD) in 2020. The pasta market
seems to be a fairly stable market with little growth.
Global Average Price Per Capita:
For every capita
globally, the total pasta spent equals to $15.26 US dollars in 2020 and will
increase to $16.68 in 2025. The total amount of money spent on pasta is not
much because pasta is sold very cheaply at grocery stores. For example, a box
of general pasta doesn’t cost more than $2. It can be as cheap as $.99 cents.
Global Price Per Unit:
The price of pasta
globally is increasing slightly but looks like it will not continue to grow
after 2025. It might even out or fluctuate higher or lower depending on the
market. The average price of pasta per unit in kg is $2.13 US dollars in 2020
and $2.24 in 2025. On average per capita, the consumption of pasta is currently
at 7.2kg in 2020.
US Revenue:
The total revenue
generated in 2020 for USA is $8,991 million USD and $9,208 million USD in 2025.
The pasta revenue is slowly increasing in the United States throughout the
years and possibly will continue to increase at a slow rate. The annual CAGR is
expected to grow by 0.5% between 2020 and 2025 in which is very slow. It may or
may not continue to grow in the long run.
US Revenue Growth:
The revenue growth
of pasta in the United States is dropping in correlation with the global growth
trend. In the year 2020, the expected growth is 12.8% but shows a decline of 15.5%
resulting in a declining -2.7% of revenue in 2025. In 2025, the revenue growth
is expected to be 2.4%, in which increased by a little bit.
US Average Price Per Capita:
In 2020, the average price per capita spent on pasta and noodles are $27.16 USD. It is higher in 2020 than other years because every household buys pasta to store in their kitchen due to the Covid-19 pandemic. It declines for a bit but recovers again in 2025 at $27.05. Overall, the pasta market shows a steady increase over the years but may still have small unexpected drops.US Trends:
In the United
States, pasta can include fresh and dried pasta and noodles made from cereals
that are usually used and consumed as part of a main meal such as breakfast.
Italian pasta has always been a strong export over the years. About 58% of its
production has reached globally around 200 countries. The United States, being
the most popular and important destination, and Canada represents about 10% of
the exports of pasta in terms of volume. Overall, sales have increased by 85%
in the last ten years and 8.7% in 2018.
Pasta can be made
by using whole grain, durum wheat semolina, and gluten-free. In present day,
organic pasta continues to be greatly appreciated and constantly in high
demand.
Exports:
Italy: US $3
billion
China: $929.9
million
South Korea:
$612.1 million
Turkey: $607.1
million
Thailand: $547.4
million
United States:
$349.7 million
Belgium: $320.2
million
Germany: $284.9
million
Netherlands:
$267.4 million
Austria: $229.9
million
Vietnam: $226.4
million
France: $217.9
million
Indonesia: $197
million
Spain: $166.1
million
Saudi Arabia:
$163.8 million
Imports:
United States:
$892 million
Germany: $742
million
France: $646
million
United Kingdom:
$543 million
Canada: $375
million
Japan: $310
million
Netherlands: $299
million
Hong Kong: $297
million
China: $245
million
Belgium-Luxembourg:
$224 million
Australia: $219
million
Spain: $190
million
South Korea: $151
million
Venezuela: $149
million
Malaysia: $142
million
Some
of the Popular Pasta Brands:
· Barilla
· Respective
Store Brands
· Mueller’s
· Ronzoni
· Creamette
· Buitoni
· American
Beauty
· Skinner
· San
Giorgio
· No
Yolks
About us
Global Marketing Associates has been helping food and beverage companies expand globally for over 15 years. Contact us for a free consultation to learn more about how we can help your company grow export sales.
Email: bthomas@globalmarketing1.com
Main Website: www.globalmarketing1.com
Food Export Market: www.foodexportmarket.com
Email: bthomas@globalmarketing1.com
Main Website: www.globalmarketing1.com
Food Export Market: www.foodexportmarket.com
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