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Processed Asian Foods in Australia – An update

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Figure 6.8 <strong>Asian</strong> style noodles import values by country<br />

for selected years 1998-2007<br />

25,000<br />

20,000<br />

Value ($A,000)<br />

15,000<br />

10,000<br />

5,00<br />

0<br />

Taiwan PRC<br />

Thailand<br />

Indonesia<br />

Korea<br />

S<strong>in</strong>gapore<br />

Japan<br />

Philipp<strong>in</strong>es<br />

Malaysia<br />

PRC (CHINA)<br />

TOTA<br />

L<br />

-<br />

199<br />

8<br />

200<br />

2<br />

200<br />

5<br />

200<br />

6<br />

200<br />

7<br />

(Source: <strong>Australia</strong>n Bureau of Statistics, 2008)<br />

e. Exports<br />

It is not possible to determ<strong>in</strong>e from the ABS export data if any <strong>Asian</strong> style noodles are exported.<br />

f. Historical trends<br />

S<strong>in</strong>ce 1998, the demand for <strong>Asian</strong> style noodles has grown <strong>in</strong> both volume and value. It is noted that not<br />

only has demand <strong>in</strong>creased but the average value of these imports has also <strong>in</strong>creased. Dur<strong>in</strong>g this<br />

period, the average value of imports <strong>in</strong>creased by some 29% from A$0.49c/kg <strong>in</strong> 1998 to $0.62c/kg <strong>in</strong><br />

2007. However, compared to <strong>in</strong>stant or ramen noodles, the rate of growth of imports of <strong>Asian</strong> style<br />

noodles has <strong>in</strong>creased more strongly over recent years. Dur<strong>in</strong>g the three year period of 2005-2007, the<br />

CAGR was 24% by volume and 16% by value.<br />

21

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