Pakistan: Market for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes 2024

Market Size for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Pakistan

The Pakistani fruit or nut preserves market reduced to $X in 2021, which is down by -9.9% against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Fruit or nut preserves consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Pakistan

In value terms, fruit or nut preserves production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +12.7% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 26%. Fruit or nut preserves production peaked at $X in 2020, and then declined in the following year.

Exports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Exports from Pakistan

In 2021, shipments abroad of jams, marmalades, fruit jellies, fruit or nut purees and pastes decreased by -14.4% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2016 when exports increased by 60%. The exports peaked at X tons in 2020, and then reduced in the following year.

In value terms, fruit or nut preserves exports dropped to $X in 2021. In general, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2016 with an increase of 57% against the previous year. The exports peaked at $X in 2020, and then shrank in the following year.

Exports by Country

The United States (X tons) was the main destination for fruit or nut preserves exports from Pakistan, with a 35% share of total exports. Moreover, fruit or nut preserves exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), twofold. The UK (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+15.4% per year) and the UK (+2.6% per year).

In value terms, the United States ($X) remains the key foreign market for jams, marmalades, fruit jellies, fruit or nut purees and pastes exports from Pakistan, comprising 39% of total exports. The second position in the ranking was taken by Canada ($X), with a 14% share of total exports. It was followed by the UK, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+18.3% per year) and the UK (+5.4% per year).

Export Prices by Country

The average fruit or nut preserves export price stood at $X per ton in 2021, rising by 8.5% against the previous year. Over the last nine years, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2014 an increase of 15% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates ($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 Saudi Arabia (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Imports into Pakistan

For the third year in a row, Pakistan recorded growth in supplies from abroad of jams, marmalades, fruit jellies, fruit or nut purees and pastes, which increased by 4.7% to X tons in 2021. In general, imports saw a significant increase. The growth pace was the most rapid in 2017 with an increase of 155%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, fruit or nut preserves imports contracted notably to $X in 2021. Over the period under review, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 82% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then contracted significantly in the following year.

Imports by Country

Greece (X tons), Iran (X tons) and Vietnam (X tons) were the main suppliers of fruit or nut preserves imports to Pakistan, together comprising 67% of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +126.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Greece ($X), Iran ($X) and Turkey ($X) were the largest fruit or nut preserves suppliers to Pakistan, together accounting for 77% of total imports.

Iran, with a CAGR of +82.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fruit or nut preserves import price stood at $X per ton in 2021, shrinking by -39.9% against the previous year. In general, the import price showed a abrupt slump. The pace of growth appeared the most rapid in 2015 an increase of 40%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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