Pakistan: Animal Feed Market 2024

Animal Feed Market Size in Pakistan

The Pakistani animal feed market contracted to $X in 2022, which is down by -5% against the previous year. Overall, consumption continues to indicate a pronounced setback. Animal feed consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Animal Feed Production in Pakistan

In value terms, animal feed production fell slightly to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by 21%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Animal Feed Exports

Exports from Pakistan

In 2022, approx. X tons of animal and pet feed were exported from Pakistan; dropping by -26.6% against the year before. Over the period under review, exports recorded a pronounced curtailment. The growth pace was the most rapid in 2015 when exports increased by 223% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, animal feed exports shrank sharply to $X in 2022. In general, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2015 with an increase of 108% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Afghanistan (X tons) was the main destination for animal feed exports from Pakistan, with a 58% share of total exports. Moreover, animal feed exports to Afghanistan exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. The third position in this ranking was held by Qatar (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Afghanistan totaled +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-15.8% per year) and Qatar (+24.6% per year).

In value terms, the largest markets for animal feed exported from Pakistan were Afghanistan ($X), the United Arab Emirates ($X) and Qatar ($X), together comprising 90% of total exports. Kuwait and South Korea lagged somewhat behind, together accounting for a further 7.4%.

In terms of the main countries of destination, South Korea, with a CAGR of +40.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average animal feed export price amounted to $X per ton, reducing by -1.7% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 22% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-4.3%), while the prices for the other major destinations experienced a decline.

Animal Feed Imports

Imports into Pakistan

In 2022, purchases abroad of animal and pet feed increased by 51% to X tons, rising for the sixth consecutive year after two years of decline. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2021 when imports increased by 62% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, animal feed imports dropped to $X in 2022. In general, imports posted strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 67% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

China (X tons), Malaysia (X tons) and Vietnam (X tons) were the main suppliers of animal feed imports to Pakistan, with a combined 46% share of total imports. The Netherlands, Belgium, Germany, the United States, Oman, the United Arab Emirates, France, Turkey, Spain and Finland lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +51.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest animal feed suppliers to Pakistan were China ($X), Malaysia ($X) and Germany ($X), together accounting for 40% of total imports. Belgium, the Netherlands, Vietnam, the United States, France, Finland, Turkey, the United Arab Emirates, Spain and Oman lagged somewhat behind, together accounting for a further 32%.

Oman, with a CAGR of +32.3%, saw the highest rates of growth with regard to 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 2022, the average animal feed import price amounted to $X per ton, falling by -39.5% against the previous year. Overall, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 32% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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