Pakistan: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Pakistan

After three years of growth, the Pakistani market for malt extract and food preparations of flour, meal, and starches decreased by -14.7% to $X in 2022. In general, the total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2021, and then declined in the following year.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Pakistan

In 2022, overseas shipments of malt extract and food preparations of flour, meal, and starches decreased by -14.6% to X tons, falling for the third year in a row after four years of growth. Over the period under review, exports, however, posted measured growth. The pace of growth was the most pronounced in 2018 with an increase of 374% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of malt extract and food preparations of flour, meal, and starches fell markedly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 284%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for exports of malt extract and food preparations of flour, meal, and starches from Pakistan, with a 66% share of total exports. Moreover, exports of malt extract and food preparations of flour, meal, and starches to Afghanistan exceeded the volume sent to the second major destination, the United States (X tons), sixfold. The UK (X tons) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume to Afghanistan amounted to +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+16.3% per year) and the UK (-2.4% per year).

In value terms, Afghanistan ($X) remains the key foreign market for malt extract and food preparations of flour, meal, and starches exports from Pakistan, comprising 55% of total exports. The second position in the ranking was held by the United States ($X), with an 18% share of total exports. It was followed by the UK, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Afghanistan totaled -4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+21.7% per year) and the UK (-0.1% per year).

Export Prices by Country

The average export price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, shrinking by -10.7% against the previous year. Overall, the export price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2015 an increase of 31% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, 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 (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Pakistan

In 2022, supplies from abroad of malt extract and food preparations of flour, meal, and starches decreased by -14.7% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, continue to indicate a notable expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 31% against the previous year. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, imports of malt extract and food preparations of flour, meal, and starches contracted to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 33% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), the Netherlands (X tons) and Ireland (X tons) were the main suppliers of imports of malt extract and food preparations of flour, meal, and starches to Pakistan, with a combined 68% share of total imports. Thailand, Germany, Poland, India, Belgium, Italy and New Zealand lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +22.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), the Netherlands ($X) and Ireland ($X) constituted the largest malt extract and food preparations of flour, meal, and starch suppliers to Pakistan, together accounting for 68% of total imports. Thailand, Germany, Poland, Belgium, India, New Zealand and Italy lagged somewhat behind, together accounting for a further 20%.

Among the main suppliers, Thailand, with a CAGR of +16.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the import price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 17% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 Thailand ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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