Report Update Nov 1, 2024

Pakistan - Fish Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights

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Pakistan: Market for Fish Fats And Oils 2024

Market Size for Fish Fats And Oils in Pakistan

The Pakistani fish fat and oil market rose significantly to $X in 2022, increasing by 6.1% against the previous year. Overall, consumption saw prominent growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Fish Fats And Oils in Pakistan

In value terms, fish fat and oil production amounted to $X in 2022 estimated in export price. Overall, production enjoyed a resilient increase. The growth pace was the most rapid in 2018 with an increase of 45%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Fish Fats And Oils

Exports from Pakistan

In 2022, exports of fish fats and oils from Pakistan declined sharply to X tons, falling by -49.8% on the year before. In general, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2017 when exports increased by 265%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, fish fat and oil exports dropped markedly to $X in 2022. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2017 with an increase of 287% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons) and China (X tons) were the main destinations of fish fat and oil exports from Pakistan.

From 2015 to 2022, the biggest increases were recorded for China (with a CAGR of +36.4%).

In value terms, the largest markets for fish fat and oil exported from Pakistan were Vietnam ($X) and China ($X).

In terms of the main countries of destination, Vietnam, with a CAGR of +37.1%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average fish fat and oil export price amounted to $X per ton, surging by 55% against the previous year. Over the period from 2015 to 2022, it increased at an average annual rate of +4.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to China stood at $X per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+7.1%), while the prices for the other major destinations experienced a decline.

Imports of Fish Fats And Oils

Imports into Pakistan

For the third consecutive year, Pakistan recorded growth in purchases abroad of fish fats and oils, which increased by 75% to X tons in 2022. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when imports increased by 506%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, fish fat and oil imports skyrocketed to $X in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 295% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of fish fat and oil to Pakistan, with a 70% share of total imports. Moreover, fish fat and oil imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Iceland (X tons) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +88.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+35.0% per year) and Iceland (+58.3% per year).

In value terms, China ($X) constituted the largest supplier of fish fats and oils to Pakistan, comprising 55% of total imports. The second position in the ranking was taken by Germany ($X), with a 25% share of total imports. It was followed by Iceland, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +81.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.4% per year) and Iceland (+39.0% per year).

Import Prices by Country

The average fish fat and oil import price stood at $X per ton in 2022, surging by 46% against the previous year. Over the period under review, the import price, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2017 an increase of 386% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Iceland ($X per ton), while the price for China ($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 UK (+27.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fish fats and oils in the world?

The country with the largest volume of fish fat and oil consumption was Norway, accounting for 60% of total volume. Moreover, fish fat and oil consumption in Norway exceeded the figures recorded by the second-largest consumer, China, more than tenfold. The United States ranked third in terms of total consumption with a 3.4% share.

What are the largest producers of fish fats and oils in the world?

The country with the largest volume of fish fat and oil production was Norway, accounting for 60% of total volume. Moreover, fish fat and oil production in Norway exceeded the figures recorded by the second-largest producer, China, more than tenfold. The third position in this ranking was occupied by the United States, with a 3.6% share.

What are the leading suppliers of fish fats and oils to Pakistan?

In value terms, Switzerland constituted the largest supplier of fish fat and oil to Pakistan, comprising 64% of total imports. The second position in the ranking was occupied by China, with a 20% share of total imports. It was followed by Germany, with a 9.2% share.

What are the leading importers of fish fats and oils from Pakistan?

In value terms, the largest markets for fish fat and oil exported from Pakistan were China, Vietnam and Egypt, together accounting for 94% of total exports.

What is the average export price for fish fats and oils in Pakistan?

The average fish fat and oil export price stood at $1,009 per ton in 2021, picking up by 30% against the previous year.

What is the average import price for fish fats and oils in Pakistan?

In 2021, the average fish fat and oil import price amounted to $3,036 per ton, waning by -18.4% against the previous year.

This report provides an in-depth analysis of the market for fish fat and oil in Pakistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10411200 - Fats and oils and their fractions of fish or marine mammals (excluding chemically modified)

Country coverage:

Pakistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Pakistan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023