Pakistan: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2024

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in Pakistan

The Pakistani meat meals and pellets market fell to $X in 2023, remaining constant against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2023, consumption stood at a somewhat lower figure.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in Pakistan

In value terms, meat meals and pellets production dropped modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports from Pakistan

After six years of growth, shipments abroad of flours, meals and pellets of meat or meat offal decreased by X% to X tons in 2023. In general, exports saw a perceptible decrease. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, meat meals and pellets exports declined notably to $X in 2023. Over the period under review, exports saw a abrupt descent. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for meat meals and pellets exports from Pakistan, with a X% share of total exports. Moreover, meat meals and pellets exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), sevenfold. Sri Lanka (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Sri Lanka (X% per year).

In value terms, China ($X) remains the key foreign market for flours, meals and pellets of meat or meat offal exports from Pakistan, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with an X% share of total exports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

The average meat meals and pellets export price stood at $X per ton in 2023, stabilizing at the previous year. In general, the export price recorded a noticeable decline. The growth pace was the most rapid in 2013 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced a decline.

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports into Pakistan

After two years of decline, overseas purchases of flours, meals and pellets of meat or meat offal increased by X% to X tons in 2023. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, meat meals and pellets imports soared to $X in 2023. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2023, imports failed to regain momentum.

Imports by Country

Paraguay (X tons), Brazil (X tons) and New Zealand (X tons) were the main suppliers of meat meals and pellets imports to Pakistan, with a combined X% share of total imports. The United Arab Emirates, the UK and Kuwait lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Paraguay ($X), Brazil ($X) and New Zealand ($X) appeared to be the largest meat meals and pellets suppliers to Pakistan, with a combined X% share of total imports. The UK, Kuwait and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average meat meals and pellets import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price recorded a slight decrease. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform