Nongshim expects record overseas sales of instant noodles this year

Nongshim Co. expects to post record instant noodles overseas sales of US$990 million this year, up 24 percent from last year, due to strong pandemic-triggered demand.

According to South Korea's top instant noodle maker, its major overseas subsidiaries in the US and China posted double-digit growth with plants running at full capacity.

The best-sellers are its flagship Shin Ramyun and Chapaguri, a signature noodle dish that was featured in the Oscar-winning film Parasite.

Nongshim expects sales in the US and Canada to reach $326 million this year, increasing 28 percent from last year.

Sales of Shin Ramyun are forecast to reach $120 million in the US.
The company also expects sales in Europe to surge 30 percent this year to $390 million.

Nongshim, the world's fifth-largest instant noodle manufacturer, aims to sell $1.11 billion overseas next year, up 12 percent from 2020.