Pakistan: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in Pakistan

The Pakistani wheat and meslin flour market reached $X in 2022, increasing by 4.4% against the previous year. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 -4.1% against 2020 indices. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Wheat and Meslin Flour in Pakistan

In value terms, wheat and meslin flour production amounted to $X in 2022 estimated in export price. In general, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 43% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Wheat and Meslin Flour

Exports from Pakistan

In 2022, after three years of decline, there was significant growth in overseas shipments of wheat and meslin flour, when their volume increased by 24% to X tons. Over the period under review, exports, however, recorded a precipitous decline. The pace of growth appeared the most rapid in 2015 when exports increased by 123% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, wheat and meslin flour exports soared to $X in 2022. In general, exports, however, continue to indicate a significant decline. The pace of growth appeared the most rapid in 2015 with an increase of 65%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for wheat and meslin flour exports from Pakistan, accounting for a 95% share of total exports. Moreover, wheat and meslin flour exports to Afghanistan exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Afghanistan totaled -47.4%.

In value terms, Afghanistan ($X) remains the key foreign market for wheat and meslin flour exports from Pakistan, comprising 95% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 4.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Afghanistan stood at -45.1%.

Export Prices by Country

In 2022, the average wheat and meslin flour export price amounted to $X per ton, picking up by 6.7% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat and meslin flour export price increased by +67.1% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 40% 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.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Afghanistan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+4.3%).

Imports of Wheat and Meslin Flour

Imports into Pakistan

In 2022, after two years of growth, there was significant decline in overseas purchases of wheat and meslin flour, when their volume decreased by -56% to X tons. In general, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 3,348% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, wheat and meslin flour imports fell rapidly to $X in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 3,101% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main wheat and meslin flour supplier to Pakistan, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +105.8%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of wheat and meslin flour to Pakistan.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled +99.1%.

Import Prices by Country

The average wheat and meslin flour import price stood at $X per ton in 2022, with an increase of 17% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 67% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -3.3% per year.

Source: IndexBox Platform

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