Report Update Nov 1, 2024

Pakistan - Animal or Vegetable Fats and Oils Chemically Modified - Market Analysis, Forecast, Size, Trends and Insights

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Pakistan: Chemically Modified Oils Market 2024

Chemically Modified Oils Market Size in Pakistan

The Pakistani chemically modified oils market fell to $X in 2022, with a decrease of -1.6% against the previous year. In general, consumption, however, enjoyed a prominent expansion. Chemically modified oils consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Chemically Modified Oils Production in Pakistan

In value terms, chemically modified oils production shrank slightly to $X in 2022 estimated in export price. In general, production, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 31%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Chemically Modified Oils Exports

Exports from Pakistan

After four years of decline, shipments abroad of animal or vegetable fats and oils chemically modified increased by 1.9% to X tons in 2022. Overall, exports, however, showed a perceptible reduction. The growth pace was the most rapid in 2017 when exports increased by 35% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, chemically modified oils exports dropped to $X in 2022. In general, exports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2017 with an increase of 23%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Afghanistan (X tons) was the main destination for chemically modified oils exports from Pakistan, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Afghanistan amounted to -4.3%.

In value terms, Afghanistan ($X) also remains the key foreign market for animal or vegetable fats and oils chemically modified exports from Pakistan.

From 2012 to 2022, the average annual rate of growth in terms of value to Afghanistan amounted to -2.1%.

Export Prices by Country

In 2022, the average chemically modified oils export price amounted to $X per ton, dropping by -2.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2015 an increase of 13% against the previous year. The export price peaked at $X per ton in 2021, and then declined slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for Afghanistan.

From 2012 to 2022, the rate of growth in terms of prices for Afghanistan amounted to +2.4% per year.

Chemically Modified Oils Imports

Imports into Pakistan

In 2022, chemically modified oils imports into Pakistan dropped remarkably to X tons, declining by -15.1% compared with the year before. In general, imports, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 216% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, chemically modified oils imports contracted to $X in 2022. Over the period under review, imports, however, showed temperate growth. The pace of growth appeared the most rapid in 2015 with an increase of 155%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Kuwait (X tons) constituted the largest supplier of chemically modified oils to Pakistan, accounting for a 55% share of total imports. Moreover, chemically modified oils imports from Kuwait exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold. The third position in this ranking was taken by China (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Kuwait amounted to +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+10.8% per year) and China (+16.2% per year).

In value terms, the largest chemically modified oils suppliers to Pakistan were Kuwait ($X), Taiwan (Chinese) ($X) and China ($X), with a combined 78% share of total imports. Singapore, Malaysia, Saudi Arabia and Oman lagged somewhat behind, together accounting for a further 9%.

In terms of the main suppliers, Singapore, with a CAGR of +33.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chemically modified oils import price stood at $X per ton in 2022, with an increase of 6.5% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 32% against the previous year. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for animal or vegetable fats and oils chemically modified in the world?

The country with the largest volume of chemically modified oils consumption was China, comprising approx. 15% of total volume. Moreover, chemically modified oils consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 5.8% share.

What are the largest producers of animal or vegetable fats and oils chemically modified in the world?

China remains the largest chemically modified oils producing country worldwide, comprising approx. 21% of total volume. Moreover, chemically modified oils production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 6.4% share.

What are the leading suppliers of animal or vegetable fats and oils chemically modified to Pakistan?

In value terms, Taiwan Chinese), China and Saudi Arabia were the largest chemically modified oils suppliers to Pakistan, together accounting for 94% of total imports. Indonesia, the Philippines and Vietnam lagged somewhat behind, together accounting for a further 5.6%.

What are the leading importers of animal or vegetable fats and oils chemically modified from Pakistan?

In value terms, the Netherlands emerged as the key foreign market for chemically modified oils exports from Pakistan, comprising 88% of total exports. The second position in the ranking was occupied by Malaysia, with a 12% share of total exports.

What is the average export price for animal or vegetable fats and oils chemically modified in Pakistan?

The average chemically modified oils export price stood at $880 per ton in 2021, falling by -3.1% against the previous year.

What is the average import price for animal or vegetable fats and oils chemically modified in Pakistan?

In 2021, the average chemically modified oils import price amounted to $1,640 per ton, jumping by 34% against the previous year.

This report provides an in-depth analysis of the chemically modified oils market in Pakistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20592000 - Animal or vegetable fats and oils chemically modified

Country coverage:

Pakistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Pakistan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023