Pakistan: Candied Fruit Market 2024

Candied Fruit Market Size in Pakistan

The Pakistani candied fruit market skyrocketed to $X in 2021, jumping by 16% against the previous year. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.3% against 2019 indices. Candied fruit consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Candied Fruit Production in Pakistan

In value terms, candied fruit production expanded significantly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.0% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 35%. Candied fruit production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Candied Fruit Exports

Exports from Pakistan

In 2021, overseas shipments of candied fruits decreased by -78.4% to X tons, falling for the second year in a row after five years of growth. Over the period under review, exports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 411% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, candied fruit exports dropped significantly to $X in 2021. Overall, exports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2016 when exports increased by 503%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tons), Kuwait (X tons) and Canada (X tons) were the main destinations of candied fruit exports from Pakistan, with a combined 56% share of total exports.

From 2012 to 2021, the biggest increases were in Canada (with a CAGR of +53.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for candied fruit exported from Pakistan were the UK ($X), Canada ($X) and Kuwait ($X), with a combined 64% share of total exports.

Among the main countries of destination, Canada, with a CAGR of +61.3%, saw the highest rates of growth with regard to 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 candied fruit export price stood at $X per ton in 2021, jumping by 58% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Canada ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Candied Fruit Imports

Imports into Pakistan

For the third year in a row, Pakistan recorded decline in supplies from abroad of candied fruits, which decreased by -75.2% to X tons in 2021. In general, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2018 with an increase of 268%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, candied fruit imports declined markedly to $X in 2021. Over the period under review, imports showed a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 195% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Iran (X tons) constituted the largest candied fruit supplier to Pakistan, with a 84% share of total imports. Moreover, candied fruit imports from Iran exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), ninefold. The third position in this ranking was taken by Italy (X kg), with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Iran amounted to +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-5.2% per year) and Italy (-87.8% per year).

In value terms, the largest candied fruit suppliers to Pakistan were Iran ($X), the United Arab Emirates ($X) and Italy ($X), together comprising 99% of total imports.

The United Arab Emirates, with a CAGR of +25.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average candied fruit import price amounted to $X per ton, with an increase of 32% against the previous year. Over the period under review, the import price saw a buoyant increase. The growth pace was the most rapid in 2015 an increase of 46% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+32.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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