Pakistan: Oil Crops Market 2024

Oil Crops Market Size in Pakistan

The Pakistani oil crops market contracted to $X in 2022, shrinking by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Oil crops consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Oil Crops Production in Pakistan

In value terms, oil crops production fell to $X in 2022 estimated in export price. In general, production, however, posted notable growth. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

In 2022, the average yield of oil crops (primary) in Pakistan dropped to X tons per ha, with a decrease of X% compared with 2021. Overall, the yield showed a perceptible slump. The growth pace was the most rapid in 2021 when the yield increased by X% against the previous year. The oil crops yield peaked at X tons per ha in 2014; however, from 2015 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of oil crops (primary) production in Pakistan shrank to X ha, standing approx. at 2021. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2019 with an increase of X%. The oil crops harvested area peaked at X ha in 2021, and then contracted in the following year.

Oil Crops Exports

Exports from Pakistan

In 2022, after two years of growth, there was significant decline in overseas shipments of oil crops (primary), when their volume decreased by X% to X tons. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then shrank rapidly in the following year.

In value terms, oil crops exports shrank rapidly to $X in 2022. Overall, exports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then reduced remarkably in the following year.

Exports by Country

China (X tons) was the main destination for oil crops exports from Pakistan, with a X% share of total exports. Moreover, oil crops exports to China exceeded the volume sent to the second major destination, Kazakhstan (X tons), sevenfold. The third position in this ranking was taken by Afghanistan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Afghanistan (X% per year).

In value terms, China ($X) remains the key foreign market for oil crops (primary) exports from Pakistan, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the average oil crops export price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Afghanistan ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Crops Imports

Imports into Pakistan

In 2022, after two years of growth, there was significant decline in overseas purchases of oil crops (primary), when their volume decreased by X% to X tons. Over the period under review, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at X tons in 2021, and then dropped sharply in the following year.

In value terms, oil crops imports declined significantly to $X in 2022. Overall, imports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted dramatically in the following year.

Imports by Country

Brazil (X tons), the United States (X tons) and Canada (X tons) were the main suppliers of oil crops imports to Pakistan, together comprising X% of total imports.

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

In value terms, Brazil ($X) constituted the largest supplier of oil crops (primary) to Pakistan, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Australia (X% per year).

Import Prices by Country

In 2022, the average oil crops import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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