Price for Protein; Concentrates and Textured Protein Substances in Pakistan - 2023

Contents:

1. Price for Protein; Concentrates and Textured Protein Substances in Pakistan (CIF) - 2023
2. Price for Protein; Concentrates and Textured Protein Substances in Pakistan (FOB) - 2022
3. Imports of Protein; Concentrates and Textured Protein Substances in Pakistan
4. Exports of Protein; Concentrates and Textured Protein Substances in Pakistan

Price for Protein; Concentrates and Textured Protein Substances in Pakistan (CIF) - 2023

In April 2023, the average import price for protein; concentrates and textured protein substanceses amounted to $2,489 per ton, surging by 8.8% against the previous month. Overall, the import price, however, recorded a deep slump. The pace of growth appeared the most rapid in September 2022 an increase of 72% month-to-month. Over the period under review, average import prices hit record highs at $13,925 per ton in November 2022; however, from December 2022 to April 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In April 2023, the country with the highest price was France ($3,541 per ton), while the price for the UK totaled $2,454 per ton.

From July 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Croatia (0.0%), while the prices for the other major suppliers experienced a decline.

Price for Protein; Concentrates and Textured Protein Substances in Pakistan (FOB) - 2022

In 2022, the average export price for protein; concentrates and textured protein substanceses amounted to $1,887 per ton, increasing by 11% against the previous year. In general, the export price, however, continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2016 an increase of 57%. The export price peaked at $3,065 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($2,956 per ton), while the average price for exports to Spain ($1,374 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 Iraq (+37.6%), while the prices for the other major destinations experienced a decline.

Imports of Protein; Concentrates and Textured Protein Substances in Pakistan

Imports of protein; concentrates and textured protein substanceses into Pakistan soared to 195 tons in 2022, rising by 82% compared with 2021 figures. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 197%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, imports of protein; concentrates and textured protein substanceses skyrocketed to $2.1M in 2022. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 355% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Protein; Concentrates and Textured Protein Substances to Pakistan in 2022:

1. United Kingdom (95.8 tons)
2. Croatia (18.0 tons)
3. China (16.1 tons)
4. Argentina (13.1 tons)
5. Belgium (11.3 tons)
6. Spain (7.5 tons)
7. United Arab Emirates (3.2 tons)
8. Indonesia (1.4 tons)

Exports of Protein; Concentrates and Textured Protein Substances in Pakistan

In 2022, overseas shipments of protein; concentrates and textured protein substanceses decreased by -22.2% to 720 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 200%. As a result, the exports reached the peak of 1.3K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of protein; concentrates and textured protein substanceses reduced to $1.4M in 2022. Over the period under review, exports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2020 when exports increased by 210%. As a result, the exports attained the peak of $2.8M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Protein; Concentrates and Textured Protein Substances from Pakistan in 2022:

1. Afghanistan (420.2 tons)
2. Germany (97.5 tons)
3. United States (61.3 tons)
4. Netherlands (51.2 tons)
5. Spain (24.0 tons)
6. Canada (19.9 tons)
7. Iraq (18.0 tons)
8. United Kingdom (15.4 tons)

Source: IndexBox Market Intelligence Platform