Pakistan: Grain Market 2024

Grain Market Size in Pakistan

After three years of growth, the Pakistani grain market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Grain Production in Pakistan

In value terms, grain production amounted to $X in 2022 estimated in export price. In general, production showed a noticeable contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

The average yield of cereal grains in Pakistan declined slightly to X tons per ha in 2022, with a decrease of X% on the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the yield increased by X% against the previous year. Over the period under review, the average grain yield reached the peak level at X tons per ha in 2021, and then contracted slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cereal grains production in Pakistan declined to X ha, dropping by X% compared with 2021 figures. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. The grain harvested area peaked at X ha in 2021, and then shrank modestly in the following year.

Grain Exports

Exports from Pakistan

In 2022, shipments abroad of cereal grains increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, grain exports surged to $X in 2022. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) was the main destination for grain exports from Pakistan, with a X% share of total exports. Moreover, grain exports to Vietnam exceeded the volume sent to the second major destination, Malaysia (X tons), twofold. Oman (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Oman (X% per year).

In value terms, Vietnam ($X) remains the key foreign market for cereal grains exports from Pakistan, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Vietnam stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the average grain export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price saw a slight increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Afghanistan ($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 Sri Lanka (X%), while the prices for the other major destinations experienced more modest paces of growth.

Grain Imports

Imports into Pakistan

In 2022, after two years of growth, there was significant decline in supplies from abroad of cereal grains, when their volume decreased by X% to X tons. Overall, imports, however, posted a significant increase. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, grain imports soared to $X in 2022. Over the period under review, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Russia (X tons), Ukraine (X tons) and Romania (X tons) were the main suppliers of grain imports to Pakistan, together comprising X% of total imports. France, Bulgaria, Brazil, Australia and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Ukraine ($X) and Romania ($X) were the largest grain suppliers to Pakistan, with a combined X% share of total imports. France, Bulgaria, Brazil, the United States and Australia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Bulgaria, with a CAGR of X%, recorded 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

In 2022, the average grain import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :