Pakistan: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Pakistan

The Pakistani evaporated and condensed milk market totaled $X in 2022, flattening at the previous year. Overall, the total consumption indicated resilient growth from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. Evaporated and condensed milk consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Evaporated And Condensed Milk in Pakistan

In value terms, evaporated and condensed milk production rose significantly to $X in 2022 estimated in export price. Over the period under review, production recorded a prominent increase. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Evaporated and condensed milk production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Evaporated And Condensed Milk

Exports from Pakistan

In 2022, after two years of growth, there was significant decline in shipments abroad of evaporated and condensed milk, when their volume decreased by X% to X tons. Overall, exports faced a abrupt slump. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, evaporated and condensed milk exports declined remarkably to $X in 2022. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Afghanistan (X tons), Tajikistan (X tons) and the United Arab Emirates (X tons) were the main destinations of evaporated and condensed milk exports from Pakistan, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Afghanistan ($X), Tajikistan ($X) and the United Arab Emirates ($X) appeared to be the largest markets for evaporated and condensed milk exported from Pakistan worldwide, together comprising X% of total exports.

Among the main countries of destination, Tajikistan, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average evaporated and condensed milk export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price showed a measured increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 mixed trend patterns.

Imports of Evaporated And Condensed Milk

Imports into Pakistan

In 2022, approx. X tons of evaporated and condensed milk were imported into Pakistan; waning by X% against 2021. Overall, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, evaporated and condensed milk imports declined dramatically to $X in 2022. Over the period under review, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest evaporated and condensed milk supplier to Pakistan, with a X% share of total imports. Moreover, evaporated and condensed milk imports from Malaysia exceeded the figures recorded by the second-largest supplier, Bahrain (X tons), more than tenfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bahrain (X% per year) and the United Arab Emirates (X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of evaporated and condensed milk to Pakistan, comprising X% of total imports. The second position in the ranking was held by Bahrain ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bahrain (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the average evaporated and condensed milk import price amounted to $X per ton, growing by X% against the previous year. In general, import price indicated a slight 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, evaporated and condensed milk import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Malaysia ($X per ton), while the price for the United Arab Emirates ($X per ton) and Bahrain ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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