Pakistan: Powdered Milk Market 2024

Powdered Milk Market Size in Pakistan

In 2022, the Pakistani powdered milk market decreased by -7.7% to $X, falling for the seventh consecutive year after two years of growth. In general, consumption showed a abrupt downturn. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Powdered Milk Exports

Exports from Pakistan

In 2022, approx. X tons of powdered milk were exported from Pakistan; growing by 26% compared with the previous year's figure. In general, exports, however, showed a sharp descent. The pace of growth appeared the most rapid in 2020 with an increase of 73% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, powdered milk exports skyrocketed to $X in 2022. Over the period under review, exports, however, faced a sharp downturn. The pace of growth was the most pronounced in 2013 with an increase of 49% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for powdered milk exports from Pakistan, with a 51% share of total exports. Moreover, powdered milk exports to the United Arab Emirates exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was taken by Afghanistan (X tons), with an 18% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at +84.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+16.3% per year) and Afghanistan (-38.9% per year).

In value terms, the largest markets for powdered milk exported from Pakistan were the United Arab Emirates ($X), the United States ($X) and Afghanistan ($X), together comprising 90% of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +86.6%, recorded 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

In 2022, the average powdered milk export price amounted to $X per ton, reducing by -6.1% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 65%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United Arab Emirates ($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 Singapore (+76.6%), while the prices for the other major destinations experienced more modest paces of growth.

Powdered Milk Imports

Imports into Pakistan

For the third year in a row, Pakistan recorded decline in supplies from abroad of powdered milk, which decreased by -1.3% to X tons in 2022. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 57% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, powdered milk imports contracted to $X in 2022. In general, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by 68%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), New Zealand (X tons) and France (X tons) were the main suppliers of powdered milk imports to Pakistan, with a combined 51% share of total imports. Belgium, Germany, Ireland and Turkey lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +91.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of powdered milk to Pakistan, comprising 28% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 14% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to -9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-8.4% per year) and Germany (-8.1% per year).

Import Prices by Country

The average powdered milk import price stood at $X per ton in 2022, shrinking by -8% against the previous year. Over the period under review, the import price saw a slight downturn. The growth pace was the most rapid in 2020 when the average import price increased by 25%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and the United States ($X per ton), while the price for Turkey ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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