Pakistan: Market for Mixed Condiments, Sauses and Seasonings 2024

Market Size for Mixed Condiments, Sauses and Seasonings in Pakistan

The Pakistani market for mixed condiments, sauses and seasonings expanded notably to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Mixed condiment, sause and seasoning consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Mixed Condiments, Sauses and Seasonings in Pakistan

In value terms, mixed condiment, sause and seasoning production rose notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Mixed Condiments, Sauses and Seasonings

Exports from Pakistan

For the fourth year in a row, Pakistan recorded growth in overseas shipments of mixed condiments, sauses and seasonings, which increased by X% to X tons in 2022. Overall, exports saw a resilient increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, mixed condiment, sause and seasoning exports expanded sharply to $X in 2022. Over the period under review, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for mixed condiment, sause and seasoning exports from Pakistan, accounting for a X% share of total exports. Moreover, mixed condiment, sause and seasoning exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), twofold. Saudi Arabia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Saudi Arabia (X% per year).

In value terms, the largest markets for mixed condiment, sause and seasoning exported from Pakistan were the United States ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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 export price for mixed condiments, sauses and seasonings amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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

Imports of Mixed Condiments, Sauses and Seasonings

Imports into Pakistan

In 2022, supplies from abroad of mixed condiments, sauses and seasonings increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports saw strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, mixed condiment, sause and seasoning imports soared to $X in 2022. In general, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Thailand (X tons) constituted the largest mixed condiment, sause and seasoning supplier to Pakistan, accounting for a X% share of total imports. Moreover, mixed condiment, sause and seasoning imports from Thailand exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by the Philippines (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the Philippines (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of mixed condiments, sauses and seasonings to Pakistan, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with an X% share.

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

Import Prices by Country

The average import price for mixed condiments, sauses and seasonings stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild decline. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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