Pakistan: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

Market Size for Condensed Or Evaporated Milk (Unsweetened) in Pakistan

The Pakistani market for condensed or evaporated milk (unsweetened) soared to $X in 2021, picking up by 101% against the previous year. Over the period under review, consumption saw buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Condensed Or Evaporated Milk (Unsweetened) in Pakistan

In value terms, unsweetened condensed and evaporated milk production amounted to $X in 2021 estimated in export price. Over the period under review, production saw a significant expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by 635%. Unsweetened condensed and evaporated milk production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from Pakistan

In 2021, overseas shipments of condensed or evaporated milk (unsweetened) decreased by -2.3% to X tons, falling for the fifth consecutive year after five years of growth. Over the period under review, exports recorded a sharp setback. The pace of growth appeared the most rapid in 2015 with an increase of 623%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, unsweetened condensed and evaporated milk exports reached $X in 2021. Overall, exports continue to indicate a precipitous curtailment. The growth pace was the most rapid in 2015 when exports increased by 339% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for unsweetened condensed and evaporated milk exports from Pakistan, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Afghanistan stood at -20.4%.

In value terms, Afghanistan ($X) also remains the key foreign market for condensed or evaporated milk (unsweetened) exports from Pakistan.

From 2012 to 2021, the average annual growth rate of value to Afghanistan stood at -23.2%.

Export Prices by Country

In 2021, the average export price for condensed or evaporated milk (unsweetened) amounted to $X per ton, rising by 3.4% against the previous year. Over the period under review, the export price, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2013 when the average export price increased by 36%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Afghanistan amounted to -3.4% per year.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into Pakistan

In 2021, unsweetened condensed and evaporated milk imports into Pakistan skyrocketed to X tons, increasing by 66% on the previous year. In general, imports, however, saw a abrupt descent. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, unsweetened condensed and evaporated milk imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a deep downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest supplier of unsweetened condensed and evaporated milk to Pakistan, accounting for a 43% share of total imports. Moreover, unsweetened condensed and evaporated milk imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by Malaysia (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Saudi Arabia stood at -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.2% per year) and Malaysia (-10.4% per year).

In value terms, the United States ($X) constituted the largest supplier of condensed or evaporated milk (unsweetened) to Pakistan, comprising 35% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 16% share of total imports. It was followed by Malaysia, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-11.2% per year) and Malaysia (-6.0% per year).

Import Prices by Country

The average import price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2021, rising by 5.6% against the previous year. Overall, the import price, however, saw a mild decrease. The pace of growth appeared the most rapid in 2017 an increase of 18%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

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 India ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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