Non-Liquid Margarine Price in Pakistan - 2023

Contents:

1. Non-Liquid Margarine Price in Pakistan (CIF) - 2022
2. Non-Liquid Margarine Price in Pakistan (FOB) - 2022
3. Non-Liquid Margarine Imports in Pakistan
4. Non-Liquid Margarine Exports in Pakistan

Non-Liquid Margarine Price in Pakistan (CIF) - 2022

In 2022, the average non-liquid margarine import price amounted to $1,563 per ton, picking up by 21% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 41% against the previous year. As a result, import price attained the peak level of $1,852 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Turkey ($1,830 per ton) and the United Arab Emirates ($1,764 per ton), while the price for Indonesia ($1,470 per ton) and Malaysia ($1,493 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Non-Liquid Margarine Price in Pakistan (FOB) - 2022

The average non-liquid margarine export price stood at $1,537 per ton in 2022, surging by 37% against the previous year. In general, the export price saw slight growth. The pace of growth appeared the most rapid in 2020 an increase of 68% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Afghanistan.

From 2012 to 2022, the rate of growth in terms of prices for Afghanistan amounted to +40.3% per year.

Non-Liquid Margarine Imports in Pakistan

After three years of growth, purchases abroad of non-liquid margarine decreased by -44.5% to 599 tons in 2022. Over the period under review, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 56% against the previous year.

In value terms, non-liquid margarine imports dropped markedly to $936K in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +7.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. As a result, imports reached the peak of $1.4M, and then fell markedly in the following year.

Top Suppliers of Non-Liquid Margarine to Pakistan in 2022:

1. Indonesia (261.9 tons)
2. Malaysia (170.5 tons)
3. United Arab Emirates (127.8 tons)
4. Turkey (39.0 tons)

Non-Liquid Margarine Exports in Pakistan

In 2022, shipments abroad of non-liquid margarine decreased by -8.1% to 554 tons, falling for the second year in a row after two years of growth. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 529%. As a result, the exports attained the peak of 608 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-liquid margarine exports surged to $852K in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 954%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Non-Liquid Margarine from Pakistan in 2022:

1. Afghanistan (554.2 tons)

Source: IndexBox Market Intelligence Platform