Pasta Price Trend and Forecast

Pasta Regional Price Overview

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 the First Half of 2023

Pasta prices witnessed a soaring rise in the first half of the year 2023. In Italy, the prices rose by about 17% in March and then by about 16% in April. The growth in Pasta prices doubled even the growth in the nation's consumer price index. This heat in the country's staple food market called for a national emergency.
 

Pasta Price Chart

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The primary reason for this surge in prices was that the sellers were selling the stocks that were prepared when the feedstock durum wheat prices were facing severe inflation and were very high. Since the production costs were high, the selling price was also high despite the production costs having come down.

Analyst Insight

According to Procurement Resource, since pasta prices have risen to unsustainable heights, the rates are likely to come down in the coming months for the stale food product since the inflation has also started subsiding.
 

Pasta Price Trend for the 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 trend for pasta in the third and fourth quarters of 2022.

Analyst Insight

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 Trend for the First Half of 2022

Europe

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.

North America

The price trend 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.