Pakistan: Groundnut Oil Market 2024

Groundnut Oil Market Size in Pakistan

The Pakistani groundnut oil market expanded slightly to $X in 2022, increasing by X% against the previous year. Overall, the total consumption indicated a measured increase 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. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Groundnut Oil Production in Pakistan

In value terms, groundnut oil production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible increase. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. Groundnut oil production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Groundnut Oil Exports

Exports from Pakistan

Groundnut oil exports from Pakistan contracted modestly to X tons in 2022, declining by X% on 2021 figures. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, groundnut oil exports expanded rapidly to $X in 2022. Over the period under review, exports saw a noticeable curtailment. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for groundnut oil exports from Pakistan, with a X% share of total exports. Moreover, groundnut oil exports to Germany exceeded the volume sent to the second major destination, the United States (X kg), fourfold. The United Arab Emirates (X kg) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at 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 groundnut oil exported from Pakistan were Germany ($X), the United States ($X) and the United Arab Emirates ($X), with a combined X% share of total exports.

Among the main countries of destination, Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average groundnut oil export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price showed prominent growth. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

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 UK ($X per ton), while the average price for exports to Germany ($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 UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Groundnut Oil Imports

Imports into Pakistan

In 2022, the amount of groundnut oil imported into Pakistan contracted significantly to X tons, waning by X% against the previous year's figure. Over the period under review, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, groundnut oil imports reduced dramatically to $X in 2022. In general, imports recorded a abrupt decrease. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) was the main supplier of groundnut oil to Pakistan, with a X% share of total imports. It was followed by the UK (X kg), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and France (X% per year).

In value terms, Spain ($X) constituted the largest supplier of groundnut oil to Pakistan, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average groundnut oil import price amounted to $X per ton, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :