Pakistan: Animal Fats Market 2025

Animal Fats Market Size in Pakistan

The Pakistani animal fats market plummeted to $X in 2021, which is down by -24.4% against the previous year. Overall, consumption, however, recorded a remarkable increase. As a result, consumption reached the peak level of $X, and then fell rapidly in the following year.

Animal Fats Production in Pakistan

In value terms, animal fats production reduced dramatically to $X in 2021 estimated in export price. In general, production, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 102% against the previous year. As a result, production reached the peak level of $X, and then fell markedly in the following year.

Animal Fats Exports

Exports from Pakistan

In 2021, overseas shipments of animal fats and oils decreased by 0% to X tons, falling for the third year in a row after two years of growth. In general, exports showed a sharp decline. The pace of growth was the most pronounced in 2017 when exports increased by 561% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, animal fats exports amounted to $X in 2021. Over the period under review, exports saw a significant curtailment. The growth pace was the most rapid in 2017 with an increase of 846% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X kg) was the main destination for animal fats exports from Pakistan, with a 84% share of total exports. Moreover, animal fats exports to Hong Kong SAR exceeded the volume sent to the second major destination, Afghanistan (X kg), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR stood at -19.9%.

In value terms, Hong Kong SAR ($X) remains the key foreign market for animal fats and oils exports from Pakistan, comprising 93% of total exports. The second position in the ranking was taken by Afghanistan ($X), with a 6.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR amounted to -17.1%.

Export Prices by Country

The average animal fats export price stood at $X per ton in 2021, approximately equating the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, animal fats export price increased by +76.0% against 2015 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 43%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Afghanistan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+3.5%).

Animal Fats Imports

Imports into Pakistan

Animal fats imports into Pakistan soared to X tons in 2021, rising by 36% compared with 2020 figures. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 1,147%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, animal fats imports contracted to $X in 2021. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 668%. Over the period under review, imports attained the peak figure at $X in 2020, and then fell in the following year.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest supplier of animal fats to Pakistan, accounting for a 88% share of total imports. Moreover, animal fats imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia amounted to +65.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+38.0% per year) and Kuwait (+21.3% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of animal fats and oils to Pakistan, comprising 79% of total imports. The second position in the ranking was held by Malaysia ($X), with an 8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia stood at +55.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+23.8% per year) and Kuwait (+6.0% per year).

Import Prices by Country

In 2021, the average animal fats import price amounted to $X per ton, declining by -30% against the previous year. Overall, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 an increase of 59%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-5.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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