Pakistan: Cheese And Curd Market 2024

Cheese And Curd Market Size in Pakistan

The Pakistani cheese and curd market rose to $X in 2022, growing by 3.7% against the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.5% against 2020 indices. Cheese and curd consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Cheese And Curd Production in Pakistan

In value terms, cheese and curd production rose modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.9% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by 27%. Cheese and curd production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Cheese And Curd Exports

Exports from Pakistan

In 2022, approx. X tons of cheese and curd were exported from Pakistan; growing by 54% compared with 2021 figures. Overall, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2016 when exports increased by 1,246% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, cheese and curd exports reduced slightly to $X in 2022. In general, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 1,323%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Afghanistan (X tons) and the United States (X tons) were the main destinations of cheese and curd exports from Pakistan, together accounting for 93% of total exports. Tanzania and Mozambique lagged somewhat behind, together comprising a further 5.9%.

From 2012 to 2022, the biggest increases were recorded for Mozambique (with a CAGR of +131.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Afghanistan ($X) and the United States ($X) appeared to be the largest markets for cheese and curd exported from Pakistan worldwide, together comprising 95% of total exports. Mozambique and Tanzania lagged somewhat behind, together accounting for a further 1.4%.

Among the main countries of destination, Mozambique, with a CAGR of +161.3%, 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

The average cheese and curd export price stood at $X per ton in 2022, reducing by -37% against the previous year. Over the period under review, the export price saw a slight setback. The growth pace was the most rapid in 2018 when the average export price increased by 68%. The export price peaked at $X per ton in 2021, and then reduced rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Tanzania ($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 Mozambique (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into Pakistan

In 2022, purchases abroad of cheese and curd decreased by -27.1% to X tons, falling for the fourth year in a row after seven years of growth. In general, imports saw a perceptible setback. The pace of growth was the most pronounced in 2014 when imports increased by 65% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, cheese and curd imports declined dramatically to $X in 2022. Over the period under review, imports saw a abrupt downturn. The growth pace was the most rapid in 2014 when imports increased by 38% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Denmark (X tons), Austria (X tons) and Iran (X tons) were the main suppliers of cheese and curd imports to Pakistan, with a combined 53% share of total imports. Saudi Arabia, the UK, the United Arab Emirates, Turkey, Hungary, New Zealand, France, Italy, Belgium and the United States lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +79.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cheese and curd suppliers to Pakistan were Austria ($X), Denmark ($X) and Iran ($X), together accounting for 57% of total imports. Saudi Arabia, the UK, the United Arab Emirates, Turkey, Hungary, New Zealand, France, Italy, the United States and Belgium lagged somewhat behind, together accounting for a further 38%.

In terms of the main suppliers, Hungary, with a CAGR of +77.2%, recorded the highest rates of growth with regard to 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 cheese and curd import price amounted to $X per ton, waning by -13.2% against the previous year. Overall, the import price continues to indicate a mild downturn. The growth pace was the most rapid in 2016 when the average import price increased by 14%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Austria ($X per ton), while the price for Belgium ($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 (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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