Report Update: May 1, 2024

Pakistan - Cereal Grain Products (Including Corn Flakes) - Market Analysis, Forecast, Size, Trends And Insights

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Price for Corn Flakes and Cereal Products in Pakistan - 2023

Price for Corn Flakes and Cereal Products in Pakistan (CIF) - 2023

The average import price for cereal grain products (including corn flakes) stood at $1,612 per ton in April 2023, dropping by -22.2% against the previous month. Over the period under review, the import price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 70% month-to-month. The import price peaked at $2,072 per ton in March 2023, and then plummeted in the following month.

There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was Chile ($3,525 per ton), while the price for Sri Lanka ($782 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Corn Flakes and Cereal Products in Pakistan (FOB) - 2022

In 2022, the average export price for cereal grain products (including corn flakes) amounted to $778 per ton, picking up by 605% against the previous year. Over the period under review, the export price enjoyed a notable expansion. Over the period under review, the average export prices reached the peak figure at $2,507 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, 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 Myanmar amounted to +65.9% per year.

Imports of Corn Flakes and Cereal Products in Pakistan

In 2022, supplies from abroad of cereal grain products (including corn flakes) decreased by -20.5% to 2.3K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, imports reached the peak of 2.9K tons, and then shrank sharply in the following year.

In value terms, corn flakes and cereal products imports contracted significantly to $4.1M in 2022. Overall, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 7.8%. As a result, imports reached the peak of $6M, and then declined sharply in the following year.

Import of Corn Flakes and Cereal Products in Pakistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	708	261	871	4,110	79.7%
Sri Lanka	210	339	313	N/A	22.1%
China	197	175	128	N/A	-19.4%
Malaysia	1,887	2,408	1,966	N/A	2.1%
United Kingdom	1,264	1,186	1,413	N/A	5.7%
India	628	N/A	N/A	N/A	0%
Philippines	264	272	404	N/A	23.7%
United States	245	36.7	156	N/A	-20.2%
Others	435	898	761	N/A	32.3%
Total	5,837	5,576	6,012	4,110	-11.0%

Top Suppliers of Corn Flakes and Cereal Products to Pakistan in 2022:

United Arab Emirates (2.3K tons)

Exports of Corn Flakes and Cereal Products in Pakistan

In 2022, approx. 4.9K tons of cereal grain products (including corn flakes) were exported from Pakistan; reducing by -83.1% compared with the previous year's figure. In general, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 763%. As a result, the exports reached the peak of 29K tons, and then fell remarkably in the following year.

In value terms, corn flakes and cereal products exports soared to $3.8M in 2022. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 215% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Export of Corn Flakes and Cereal Products in Pakistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	23.0	67.6	45.4	3,777	447.6%
Malaysia	107	114	1.2	N/A	-89.4%
Qatar	322	71.9	6.7	N/A	-85.6%
Afghanistan	567	239	2,730	N/A	119.4%
Others	498	516	397	N/A	-10.7%
Total	1,516	1,009	3,180	3,777	35.6%

Top Export Markets for Corn Flakes and Cereal Products from Pakistan in 2022:

United Arab Emirates (4.9K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for corn flakes and cereal products 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:

Prodcom 10613333 - Rolled, flaked, hulled, pearled, sliced or kibbled cereal grains (excluding rice)
Prodcom 10613335 - Germ of cereals, whole, rolled, flaked or ground (excluding rice)
Prodcom 10613351 - Muesli type preparations based on unroasted cereal flakes
Prodcom 10613353 - Other prepared foods obtained by the swelling or roasting of cereals
Prodcom 10613355 - Cereals in grain form, precooked or otherwise prepared (excluding maize)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023