Pakistan: Glucose Market 2024

Glucose Market Size in Pakistan

The Pakistani glucose market shrank modestly to $X in 2021, approximately mirroring the previous year. In general, consumption continues to indicate a pronounced slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Glucose Production in Pakistan

In value terms, glucose production stood at less than $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern.

Glucose Exports

Exports from Pakistan

For the seventh consecutive year, Pakistan recorded growth in overseas shipments of glucose and glucose syrup, which increased by 30% to X tons in 2021. The total export volume increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, glucose exports surged to $X in 2021. Over the period under review, exports recorded resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for glucose exports from Pakistan, with a 77% share of total exports. Moreover, glucose exports to the United States exceeded the volume sent to the second major destination, Afghanistan (X tons), tenfold. The third position in this ranking was taken by Germany (X tons), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (+2.8% per year) and Germany (+35.0% per year).

In value terms, the United States ($X) remains the key foreign market for glucose and glucose syrup exports from Pakistan, comprising 81% of total exports. The second position in the ranking was held by Germany ($X), with a 3.8% share of total exports. It was followed by Australia, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+38.7% per year) and Australia (+7.6% per year).

Export Prices by Country

The average glucose export price stood at $X per ton in 2021, rising by 14% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 69% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Afghanistan ($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 the United States (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Glucose Imports

Imports into Pakistan

Glucose imports into Pakistan contracted to X tons in 2021, with a decrease of -9.8% against the year before. Overall, imports, however, recorded a notable increase. The most prominent rate of growth was recorded in 2014 when imports increased by 77%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, glucose imports skyrocketed to $X in 2021. In general, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +36.7% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 94% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main glucose supplier to Pakistan, with a approx. 98% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +3.3%.

In value terms, China ($X) constituted the largest supplier of glucose and glucose syrup to Pakistan.

From 2012 to 2021, the average annual growth rate of value from China stood at +4.5%.

Import Prices by Country

The average glucose import price stood at $X per ton in 2021, rising by 37% against the previous year. Overall, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, glucose import price increased by +46.5% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +1.2% per year.

Source: IndexBox Platform

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