Pakistan: Sugar Crop Market 2024

Sugar Crop Market Size in Pakistan

In 2022, after three years of growth, there was decline in the Pakistani sugar crop market, when its value decreased by X% to $X. Overall, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2017 indices. Sugar crop consumption peaked at $X in 2021, and then shrank slightly in the following year.

Sugar Crop Production in Pakistan

In value terms, sugar crop production contracted to $X in 2022 estimated in export price. In general, production, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

The average yield of sugar crops in Pakistan declined slightly to X tons per ha in 2022, flattening at the previous year. The yield figure 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 pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the average sugar crop yield hit record highs at X tons per ha in 2021, and then declined slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The sugar crop harvested area in Pakistan declined modestly to X ha in 2022, which is down by X% against the year before. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to sugar crop production reached the maximum at X ha in 2017; however, from 2018 to 2022, the harvested area failed to regain momentum.

Sugar Crop Exports

Exports from Pakistan

Sugar crop exports from Pakistan soared to X tons in 2022, with an increase of X% on the previous year's figure. Over the period under review, exports, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar crop exports contracted to $X in 2022. Overall, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for sugar crop exports from Pakistan, with a X% share of total exports. It was followed by the United States (X tons), with a X% share of total exports. The third position in this ranking was taken by Saudi Arabia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Afghanistan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Saudi Arabia (X% per year).

In value terms, Afghanistan ($X) remains the key foreign market for sugar crops exports from Pakistan, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Afghanistan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the average sugar crop export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

Sugar Crop Imports

Imports into Pakistan

In 2022, supplies from abroad of sugar crops decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, sugar crop imports totaled $X in 2022. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X tons) was the main supplier of sugar crop to Pakistan, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from South Africa totaled X%.

In value terms, South Africa ($X) constituted the largest supplier of sugar crops to Pakistan.

From 2012 to 2022, the average annual growth rate of value from South Africa amounted to X%.

Import Prices by Country

In 2022, the average sugar crop import price amounted to $X per ton, flattening at the previous year. Overall, the import price recorded resilient growth. The growth pace was the most rapid in 2017 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to X% per year.

Source: IndexBox Platform

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