Get the latest insights on price movement and trend analysis of Instant Noodles in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
For the First Half of 2022
According to the World Economic Forum, the prices of cereals ( wheat, barley, and other grains) have increased by 89% since September 2019. With Ukraine being a major supplier of wheat, the current geopolitical crisis has taken a toll on wheat prices globally. With floods in the major Chinese wheat-producing belt, wheat prices surged throughout the Asian market. The supply shortages amid the inflationary pricing caused wheat prices to rise by 30% in China, averaging 3200 RMB/MT.
The rising wheat prices caused the instant noodles companies to raise their prices to safeguard their profit margins. Nissin Foods, the originator of instant noodles, raised its prices after 11 years. The South Korean Shin Ramen registered a hike of 11%in their instant noodles’ prices. The ex-factory prices of Tingyu (prominent Chinese manufacturer) hiked the prices by 10% during the said period. Hence, the price trends for instant noodles soared globally owing to the high raw material costs, labour, and sourcing expenses.
Procurement Resource provides latest prices of Instant Noodles. 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.
Instant Noodles are dried or precooked noodles that are often sold with sachets of flavouring including seasoning oil. Dried noodles are generally eaten after being cooked or soaked in boiling water, while precooked or instant noodles can be reheated or eaten straight from the packet.
|Product Name||Instant Noodles|
|Industrial Uses||Noodle soup, Noodle|
|Supplier Database||Nestlé SA, Ajinomoto Co., Inc, Unilever, Capital Foods Pvt. Ltd, ITC Limited|
|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.
To produce Instant Noodles, all the ingredients are first mixed in the dough, then it is rolled out, cut into noodles, steamed, dried, fried for a minute or two for dehydration, cooled, and then finally packed into the individual units.
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).
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.