Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Pakistan - 2023
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Pakistan (CIF) - 2023
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Pakistan (FOB) - 2022
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Pakistan
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Pakistan
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Pakistan (CIF) - 2023
In June 2023, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,321 per ton, rising by 4.6% against the previous month. In general, import price indicated a temperate expansion from June 2022 to June 2023: its price increased at an average monthly rate of +2.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, import price for liquid margarine and edible mixtures of animal or vegetable fats decreased by -8.2% against February 2023 indices. The growth pace was the most rapid in February 2023 an increase of 65% m-o-m. As a result, import price reached the peak level of $2,530 per ton. From March 2023 to June 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($2,766 per ton), while the price for Indonesia ($1,237 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Switzerland (+24.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Pakistan (FOB) - 2022
In 2022, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $960 per ton, which is down by -2.3% against the previous year. Over the period under review, the export price recorded a noticeable decrease. The pace of growth appeared the most rapid in 2014 an increase of 68%. As a result, the export price reached the peak level of $1,800 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +28.1% per year.
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Pakistan
In 2022, imports of liquid margarine and edible mixtures of animal or vegetable fats into Pakistan surged to 13K tons, increasing by 25% against 2021 figures. The total import volume increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats surged to $24M in 2022. The total import value increased at an average annual rate of +8.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 7.7 | 9.7 | 12.2 | 19.3 | 35.8% |
| Switzerland | 2.7 | 2.4 | 2.1 | 1.9 | -11.1% |
| Singapore | 7.5 | 5.9 | 1.5 | 1.8 | -37.9% |
| Indonesia | 0.4 | 0.3 | 0.6 | 1.2 | 44.2% |
| Others | 0.8 | 0.2 | 0.8 | 0.2 | -37.0% |
| Total | 19.1 | 18.5 | 17.2 | 24.5 | 8.7% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Pakistan in 2022:
- Malaysia (10.1K tons)
- Indonesia (1.1K tons)
- Switzerland (0.7K tons)
- Singapore (0.7K tons)
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Pakistan
In 2022, overseas shipments of liquid margarine and edible mixtures of animal or vegetable fats decreased by -94.5% to 9.9 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a significant contraction. The pace of growth was the most pronounced in 2020 when exports increased by 103%. As a result, the exports attained the peak of 284 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats declined markedly to $9.5K in 2022. In general, exports showed a precipitous decline. The most prominent rate of growth was recorded in 2020 when exports increased by 85% against the previous year. As a result, the exports attained the peak of $228K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 100 | 223 | 157 | 9.5 | -54.4% |
| Australia | 1.9 | N/A | 11.1 | N/A | 141.7% |
| Canada | 19.3 | 4.1 | 1.7 | N/A | -70.3% |
| Others | 1.9 | 1.0 | 6.2 | N/A | 80.6% |
| Total | 123 | 228 | 176 | 9.5 | -57.4% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Pakistan in 2022:
- United States (9.9 tons)
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