Pakistan: Wheat Starch Market 2024

Wheat Starch Market Size in Pakistan

In 2021, after three years of growth, there was significant decline in the Pakistani wheat starch market, when its value decreased by -16.4% to $X. Over the period under review, consumption, however, enjoyed a resilient increase. Over the period under review, the market hit record highs at $X in 2020, and then fell significantly in the following year.

Wheat Starch Production in Pakistan

In value terms, wheat starch production declined remarkably to $X in 2021 estimated in export price. Overall, production, however, showed strong growth. The growth pace was the most rapid in 2016 with an increase of 52%. Wheat starch production peaked at $X in 2020, and then contracted markedly in the following year.

Wheat Starch Exports

Exports from Pakistan

In 2021, exports of wheat starch from Pakistan surged to X tons, jumping by 62% on the previous year. In general, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2020 when exports increased by 160%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, wheat starch exports soared to $X in 2021. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 126% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) and Tanzania (X tons) were the main destinations of wheat starch exports from Pakistan.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +36.0%).

In value terms, the United Arab Emirates ($X) remains the key foreign market for wheat starch exports from Pakistan, comprising 77% of total exports. The second position in the ranking was held by Tanzania ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates totaled +49.3%.

Export Prices by Country

In 2021, the average wheat starch export price amounted to $X per ton, falling by -3.6% against the previous year. Overall, the export price, however, posted a resilient expansion. The growth pace was the most rapid in 2019 when the average export price increased by 32%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 Tanzania stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+17.1%).

Wheat Starch Imports

Imports into Pakistan

For the fourth consecutive year, Pakistan recorded decline in supplies from abroad of wheat starch, which decreased by -76.5% to X tons in 2021. Over the period under review, imports faced a precipitous descent. The pace of growth was the most pronounced in 2015 with an increase of 24% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, wheat starch imports dropped notably to $X in 2021. Overall, imports saw a abrupt descent. The smallest decline of -0.4% was in 2015. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest wheat starch supplier to Pakistan, accounting for a 83% share of total imports. Moreover, wheat starch imports from China exceeded the figures recorded by the second-largest supplier, Germany (X kg), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-24.4% per year) and the United Arab Emirates (-43.2% per year).

In value terms, China ($X) constituted the largest supplier of wheat starch to Pakistan, comprising 77% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-26.6% per year) and Germany (-21.7% per year).

Import Prices by Country

In 2021, the average wheat starch import price amounted to $X per ton, picking up by 50% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+29.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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