Pakistan - Olive Oil And Its Fractions - Market Analysis, Forecast, Size, Trends And Insights
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View PricingOlive Oil Price in Pakistan - 2022
Contents:
- Olive Oil Price in Pakistan (CIF) - 2022
- Olive Oil Price in Pakistan (FOB) - 2022
- Olive Oil Imports in Pakistan
- Olive Oil Exports in Pakistan
Olive Oil Price in Pakistan (CIF) - 2022
In June 2022, the average olive oil import price amounted to $4,061 per ton, increasing by 18% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $4,353 per ton in February 2022; however, from March 2022 to June 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In June 2022, the country with the highest price was Spain ($4,068 per ton), while the price for Tunisia totaled $3,940 per ton.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Olive Oil Price in Pakistan (FOB) - 2022
The average olive oil export price stood at $2,400 per ton in 2022, surging by 11% against the previous year. Over the period under review, the export price saw noticeable growth. The growth pace was the most rapid in 2014 an increase of 132% against the previous year. Over the period under review, the average export prices hit record highs at $4,829 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($3,703 per ton), while the average price for exports to Guyana ($214 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 Canada (-2.6%), while the prices for the other major destinations experienced a decline.
Olive Oil Imports in Pakistan
In 2022, after three years of growth, there was decline in purchases abroad of olive oil and its fractions, when their volume decreased by -3.8% to 727 tons. The total import volume increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 15% against the previous year.
In value terms, olive oil imports rose to $3M in 2022. The total import value increased at an average annual rate of +8.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 18%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Olive Oil in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,921 | 2,377 | 2,304 | 2,390 | 7.6% |
| Italy | 163 | 98.8 | 225 | 233 | 12.6% |
| Turkey | 39.0 | 56.2 | 144 | 150 | 56.7% |
| United Arab Emirates | 152 | 144 | 135 | 119 | -7.8% |
| Others | 77.2 | 98.5 | 105 | 109 | 12.2% |
| Total | 2,353 | 2,774 | 2,913 | 3,001 | 8.4% |
Top Suppliers of Olive Oil to Pakistan in 2022:
- Spain (584.9 tons)
- Italy (51.6 tons)
- Turkey (38.8 tons)
- United Arab Emirates (34.3 tons)
Olive Oil Exports in Pakistan
In 2022, overseas shipments of olive oil and its fractions decreased by -1.9% to 105 kg, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 15%. As a result, the exports reached the peak of 173 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, olive oil exports expanded significantly to $252 in 2022. In general, exports saw a abrupt decrease.
| Export of Olive Oil in Pakistan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 96.0 | 52.0 | 134 | 237 | 35.2% |
| South Africa | 1.0 | 1.0 | 6.0 | 9.0 | 108.0% |
| Guyana | N/A | N/A | N/A | 6.0 | 0% |
| Kenya | N/A | N/A | 27.0 | N/A | 0% |
| Democratic Republic of the Congo | 127 | N/A | N/A | N/A | 0% |
| Oman | N/A | 178 | N/A | N/A | 0% |
| Myanmar | 58.0 | N/A | N/A | N/A | 0% |
| Angola | N/A | 37.0 | N/A | N/A | 0% |
| Others | 36.0 | 4.0 | 65.0 | N/A | 34.4% |
| Total | 318 | 272 | 232 | 252 | -7.5% |
Top Export Markets for Olive Oil from Pakistan in 2022:
- Canada (64.0 kg)
- Guyana (28.0 kg)
- South Africa (13.0 kg)
This report provides an in-depth analysis of the olive oil market in Pakistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 261 - Oil of Olives, Virgin
Country coverage:
- Pakistan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Pakistan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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