Get the latest insights on price movement and trend analysis of Pasta in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Pasta Price Trend for Second Half of 2022
The pasta prices shot up to double-digit percentages in the last two quarters of 2022. In the UK, the prices saw a surge of approximately 60%. This surge in prices was due to rising global inflation, high energy production costs, and in general the rise in the cost of living. The initial months of the third quarter alone witnessed a spike of 50% in the prices of pasta. According to the statistics, the prices of overall almost all grocery items skyrocketed by nearly 17%.
The major contributors to this price hike are the supply chain disruptions due to the ongoing Russia-Ukraine war, soaring costs of living, and rising inflation, especially in the European region where pasta is a staple commodity. The market also soared due to the spike in the prices of durum wheat which serves as a feedstock for pasta production. The rise in the prices of durum wheat was approximately 60% and thus fueled the surging price trends for pasta in the third and fourth quarters of 2022.
According to Procurement Resource, given the current market dynamics, the prices of pasta are expected to rise exponentially in the coming months. The global market is expected to witness a surge in inflation which in turn will raise the cost of living, fueling the inclining price trend of pasta.
Pasta Price Trends For the First Half of 2022
The Russian invasion of Ukraine caused unprecedented volatility in food and feed prices worldwide. The recovering economies suffered a double whammy in face of the pandemic aftermath and double-digit inflation. The western sanctions and European embargo on Russian oil/exports triggered an acute energy crisis in Europe which trickled down to almost every sector.
Owing to the higher prices of durum wheat the prices of pasta increased. In Italy and Spain, the prices of durum wheat averaged 468.83 USD/MT and 339.57 USD/MT respectively. In Germany, the price of budget pasta surged by 50% Y-O-Y basis registering the highest inflation since the 1970s oil shock. The pasta prices averaged between 1.52-2.16 Euro/kg during the said period.
The price trends for pasta in the US domestic market closely replicated its European counterpart. The price rose owing to high feedstock prices, robust demand, difficult logistics and inflated freight charges. The price of wheat averaged 401.00 USD/MT and the price of pasta averaged 1.99-1.97 USD/kg during the said period.
Procurement Resource provides latest prices of Pasta. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Pasta is of one of the most common yet famous Italian food that is made from a mixture of flour, eggs, and water. It is cooked by boiling or baking. It is formed into different shapes. Spaghetti, macaroni, and noodles are types of pasta. Further, it is available in two varieties, that is, fresh and dried.
|Industrial Uses||Savoury dishes, Culinary uses|
|Supplier Database||Nestlé SA, Unilever, ITC Limited, Barilla G. e R. F.lli S.p.A. P.I., Conagra Foodservice, Inc.|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Pasta is prepared by mixing milled wheat, water, eggs (for egg noodles or egg spaghetti), and often optional ingredients. These ingredients are typically added to a continuous, high capacity auger extruder, that can be equipped with a variety of dies that determine the shape of the pasta.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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