Pakistan: Whey Market 2024

Whey Market Size in Pakistan

In 2022, after two years of decline, there was significant growth in the Pakistani whey market, when its value increased by 6.1% to $X. Overall, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Whey consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Whey Exports

Exports from Pakistan

In 2022, approx. X tons of whey were exported from Pakistan; increasing by 10% on the previous year. In general, exports recorded a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 113%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, whey exports expanded rapidly to $X in 2022. Over the period under review, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 167%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for whey exports from Pakistan, accounting for a 94% share of total exports. Moreover, whey exports to the United States exceeded the volume sent to the second major destination, Turkey (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +70.1%.

In value terms, the United States ($X) remains the key foreign market for whey exports from Pakistan, comprising 97% of total exports. The second position in the ranking was held by Turkey ($X), with a 3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +62.0%.

Export Prices by Country

In 2022, the average whey export price amounted to $X per ton, approximately equating the previous year. In general, the export price, however, saw a abrupt decrease. The growth pace was the most rapid in 2013 when the average export price increased by 72% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the 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 States ($X per ton), while the average price for exports to Turkey amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+96.2%), while the prices for the other major destinations experienced a decline.

Whey Imports

Imports into Pakistan

In 2022, the amount of whey imported into Pakistan contracted to X tons, with a decrease of -11.4% against 2021. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 26%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, whey imports amounted to $X in 2022. Overall, total imports indicated resilient growth 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. The growth pace was the most rapid in 2015 when imports increased by 31%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X tons), France (X tons) and Iran (X tons) were the main suppliers of whey imports to Pakistan, together accounting for 69% of total imports. Ukraine, Poland, Germany, Norway and the United States lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +35.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest whey suppliers to Pakistan were France ($X), Turkey ($X) and Iran ($X), together comprising 77% of total imports. Poland, Ukraine, Germany, Norway and the United States lagged somewhat behind, together accounting for a further 17%.

Germany, with a CAGR of +34.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average whey import price amounted to $X per ton, with an increase of 25% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, whey import price increased by +73.5% against 2018 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 41%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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