Pakistan: Preserved Sardines Market 2024

Preserved Sardines Market Size in Pakistan

The Pakistani preserved sardines market stood at $X in 2022, increasing by 8.2% against the previous year. Overall, consumption, however, continues to indicate a drastic downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Preserved Sardines Production in Pakistan

In value terms, preserved sardines production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 30% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Preserved Sardines Exports

Exports from Pakistan

In 2022, overseas shipments of sardines (prepared or preserved) decreased by -8.3% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2016 when exports increased by 1,141% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, preserved sardines exports expanded markedly to $X in 2022. In general, exports showed a deep downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 1,153%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for preserved sardines exports from Pakistan, accounting for a 52% share of total exports. Moreover, preserved sardines exports to the United States exceeded the volume sent to the second major destination, South Africa (X tons), twofold. The third position in this ranking was held by Angola (X tons), with a 24% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (-1.3% per year) and Angola (-14.3% per year).

In value terms, the United States ($X) remains the key foreign market for sardines (prepared or preserved) exports from Pakistan, comprising 91% of total exports. The second position in the ranking was held by Angola ($X), with a 5.5% share of total exports. It was followed by South Africa, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-34.7% per year) and South Africa (-26.3% per year).

Export Prices by Country

In 2022, the average preserved sardines export price amounted to $X per ton, with an increase of 20% against the previous year. Overall, the export price, however, faced a abrupt curtailment. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Africa ($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 Gambia (+140.4%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Sardines Imports

Imports into Pakistan

Preserved sardines imports into Pakistan fell markedly to X kg in 2022, which is down by -21.2% compared with the year before. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 763% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, preserved sardines imports contracted sharply to $X in 2022. Overall, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 582%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Thailand (X kg), the United Arab Emirates (X kg) and the United States (X kg) were the main suppliers of preserved sardines imports to Pakistan, together accounting for 93% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +32.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of sardines (prepared or preserved) to Pakistan, comprising 77% of total imports. The second position in the ranking was held by the UK ($X), with a 7% share of total imports. It was followed by Thailand, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at +59.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-6.5% per year) and Thailand (-4.4% per year).

Import Prices by Country

The average preserved sardines import price stood at $X per ton in 2022, shrinking by -2.8% against the previous year. In general, the import price, however, posted strong growth. The most prominent rate of growth was recorded in 2020 an increase of 80% against the previous year. The import price peaked at $X per ton in 2021, and then fell modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Philippines ($X per ton), while the price for the United States ($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 Philippines (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :