Pakistan: Pasta Products Market 2024

Pasta Products Market Size in Pakistan

The Pakistani pasta products market totaled $X in 2022, remaining relatively unchanged against the previous year. In general, consumption saw measured growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Pasta Products Production in Pakistan

In value terms, pasta products production shrank modestly to $X in 2022 estimated in export price. Overall, production enjoyed pronounced growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by 46%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Pasta Products Exports

Exports from Pakistan

After two years of growth, overseas shipments of dried, undried and frozen pasta and pasta products decreased by -53.3% to X tons in 2022. Over the period under review, exports, however, showed prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 1,756% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined significantly in the following year.

In value terms, pasta products exports fell significantly to $X in 2022. In general, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 2,678%. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

Afghanistan (X tons), the United Arab Emirates (X tons) and the United States (X tons) were the main destinations of pasta products exports from Pakistan, together accounting for 99% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +52.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Afghanistan ($X), the United Arab Emirates ($X) and the United States ($X) appeared to be the largest markets for pasta products exported from Pakistan worldwide, with a combined 99% share of total exports.

The United Arab Emirates, with a CAGR of +73.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 pasta products export price amounted to $X per ton, surging by 11% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pasta products export price increased by +85.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 67% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Afghanistan ($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 the United States (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta Products Imports

Imports into Pakistan

For the fourth year in a row, Pakistan recorded growth in supplies from abroad of dried, undried and frozen pasta and pasta products, which increased by 23% to X tons in 2022. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 153% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, pasta products imports amounted to $X in 2022. In general, imports posted significant growth. The growth pace was the most rapid in 2020 when imports increased by 102% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of pasta products to Pakistan, with a 57% share of total imports. Moreover, pasta products imports from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. China (X tons) ranked third in terms of total imports with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled +33.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+16.5% per year) and China (+32.6% per year).

In value terms, Italy ($X) constituted the largest supplier of dried, undried and frozen pasta and pasta products to Pakistan, comprising 52% of total imports. The second position in the ranking was taken by Turkey ($X), with a 22% share of total imports. It was followed by China, with a 20% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled +26.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+12.0% per year) and China (+29.2% per year).

Import Prices by Country

In 2022, the average pasta products import price amounted to $X per ton, falling by -18.4% against the previous year. Overall, the import price recorded a noticeable decrease. The growth pace was the most rapid in 2016 when the average import price increased by 47% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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