Updated Mar 8, 2023 20:19

Uncooked Pasta Market in Iran

Market Overview
In , the Iranian uncooked pasta market was finally on the rise to reach $ after four years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2018 to , the growth of the market remained at a lower figure.

In value terms, uncooked pasta production fell slightly to $ in estimated in export price. In general, production, however, recorded a mild shrinkage. The pace of growth appeared the most rapid in 2017 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From 2018 to , production growth failed to regain momentum.


Consumption
In , consumption of uncooked pasta was finally on the rise to reach tons for the first time since 2019, thus ending a two-year declining trend. In general, consumption saw a relatively flat trend pattern. Over the period under review, consumption reached the peak volume at tons in 2019; however, from to , consumption failed to regain momentum.

The value of the uncooked pasta market in Iran was estimated at $ in , remaining relatively unchanged against 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). Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2018 to , the growth of the market remained at a somewhat lower figure.


Market Forecast
Driven by increasing demand for uncooked pasta in Iran, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

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


Market Structure
Over the period under review, imports of uncooked pasta in Iran were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for uncooked pasta.


Trade Balance
Iran remains a net exporter of uncooked pasta; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.