Pakistan: Dairy Produce Market 2024

Dairy Produce Market Size in Pakistan

After two years of growth, the Pakistani dairy produce market decreased by X% to $X in 2022. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Dairy Produce Production in Pakistan

In value terms, dairy produce production reached $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Dairy Produce Exports

Exports from Pakistan

In 2022, overseas shipments of dairy produce decreased by X% to X tons, falling for the fourth year in a row after two years of growth. In general, exports recorded a dramatic setback. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, dairy produce exports fell significantly to $X in 2022. Over the period under review, exports faced a deep reduction. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for dairy produce exports from Pakistan, with a X% share of total exports. Moreover, dairy produce exports to Afghanistan exceeded the volume sent to the second major destination, the United States (X tons), eightfold. The United Arab Emirates (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Afghanistan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the United Arab Emirates (X% per year).

In value terms, the largest markets for dairy produce exported from Pakistan were Afghanistan ($X), the United States ($X) and the United Arab Emirates ($X), together accounting for X% of total exports.

The United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average dairy produce export price amounted to $X per ton, increasing by X% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dairy produce export price increased by X% against 2019 indices. The export price peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Afghanistan ($X 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 the United States (X%), while the prices for the other major destinations experienced a decline.

Dairy Produce Imports

Imports into Pakistan

In 2022, imports of dairy produce into Pakistan shrank dramatically to X tons, which is down by X% on the previous year's figure. Over the period under review, imports saw a deep setback. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, dairy produce imports shrank sharply to $X in 2022. Overall, imports saw a deep setback. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Sweden (X tons) and Belgium (X tons) were the main suppliers of dairy produce imports to Pakistan, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dairy produce suppliers to Pakistan were the Netherlands ($X), Sweden ($X) and Belgium ($X), with a combined X% share of total imports.

Sweden, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average dairy produce import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, saw a slight decrease. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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