Pakistan: Palm Kernel Market Overview 2021

Palm Kernel Market Size in Pakistan

In 2019, the Pakistani palm kernel market decreased by -X% to $X, falling for the second consecutive year after two years of growth. In general, consumption continues to indicate a precipitous setback. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Palm kernel consumption peaked at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.

Palm Kernel Production in Pakistan

In value terms, palm kernel production skyrocketed to $X in 2019 estimated in export prices. Overall, production enjoyed resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2019, production remained at a lower figure.

In 2019, the average palm kernel yield in Pakistan was estimated at X kg per ha, approximately mirroring the year before. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the total area harvested in terms of palm kernels production in Pakistan was estimated at X ha, therefore, remained relatively stable against the previous year. In general, the harvested area continues to indicate a relatively flat trend pattern.

Palm Kernel Exports

Exports from Pakistan

In 2019, overseas shipments of palm kernels increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Overall, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2008 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2009; however, from 2010 to 2019, exports remained at a lower figure.

In value terms, palm kernel exports surged to $X in 2019. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Exports peaked at $X in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

Exports by Country

Sudan (X tonnes) was the main destination for palm kernel exports from Pakistan, accounting for a X% share of total exports. Moreover, palm kernel exports to Sudan exceeded the volume sent to the second major destination, Turkey (X tonnes), threefold. The third position in this ranking was occupied by Saudi Arabia (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Sudan amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+X% per year) and Saudi Arabia (+X% per year).

In value terms, Sudan ($X) remains the key foreign market for palm kernel exports from Pakistan, comprising X% of total exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Sudan totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+X% per year) and Saudi Arabia (+X% per year).

Export Prices by Country

In 2019, the average palm kernel export price amounted to $X per tonne, rising by X% against the previous year. Over the period under review, the export price showed resilient growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2016; however, from 2017 to 2019, export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2019, the highest prices were recorded for prices to Sudan ($X per tonne) and the U.S. ($X per tonne), while the average price for exports to Sri Lanka ($X per tonne) and Jordan ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Sudan, while the prices for the other major destinations experienced more modest paces of growth.

Palm Kernel Imports

Imports into Pakistan

In 2019, the amount of palm kernels imported into Pakistan contracted to X tonnes, with a decrease of -X% on the year before. In general, imports showed a abrupt slump. The growth pace was the most rapid in 2013 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, palm kernel imports reduced modestly to $X in 2019. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

Imports by Country

China (X tonnes), New Zealand (X tonnes) and Brazil (X tonnes) were the main suppliers of palm kernel imports to Pakistan, together comprising X% of total imports. These countries were followed by the U.S., India, Hungary, Italy, Chile, Afghanistan, Thailand and Bangladesh, which together accounted for a further X 2007 to 2019, the biggest increases were in Bangladesh, while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), New Zealand ($X) and Brazil ($X) were the largest palm kernel suppliers to Pakistan, together accounting for X% of total imports. The U.S., India, Hungary, Italy, Chile, Bangladesh, Thailand and Afghanistan lagged somewhat behind, together accounting for a further X (+X% per year) saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average palm kernel import price stood at $X per tonne in 2019, growing by X% against the previous year. Overall, the import price enjoyed a significant increase. The growth pace was the most rapid in 2008 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2017; however, from 2018 to 2019, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2019, the countries with the highest prices were Bangladesh ($X per tonne) and Brazil ($X per tonne), while the price for India ($X per tonne) and Afghanistan ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for palm kernels in the world?

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The countries with the highest volumes of palm kernel consumption in 2019 were India (8.1K tonnes), the U.S. (5.2K tonnes) and Spain (4.8K tonnes), together comprising 38% of global consumption. Viet Nam, Germany, Turkey, Egypt, the Netherlands, Saudi Arabia, Japan, South Korea, New Zealand and Taiwan (Chinese) lagged somewhat behind, together comprising a further 27%.

What are the largest producers of palm kernels in the world?

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The countries with the highest volumes of palm kernel production in 2019 were India (10K tonnes), the U.S. (5.5K tonnes) and Thailand (4.8K tonnes), together comprising 52% of global production. These countries were followed by Austria, Egypt, New Zealand, Chile, Denmark, Peru, Myanmar, Indonesia, China and Afghanistan, which together accounted for a further 33%.

What are the leading suppliers of palm kernels to Pakistan?

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In value terms, China ($2.2M), New Zealand ($1.6M) and Brazil ($1.3M) appeared to be the largest palm kernel suppliers to Pakistan, together accounting for 53% of total imports. The U.S., India, Hungary, Italy, Chile, Bangladesh, Thailand and Afghanistan lagged somewhat behind, together comprising a further 44%.

What are the leading importers of palm kernels from Pakistan?

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In value terms, Sudan ($420K) remains the key foreign market for palm kernel exports from Pakistan, comprising 53% of total exports. The second position in the ranking was occupied by Turkey ($135K), with a 17% share of total exports. It was followed by Saudi Arabia, with a 14% share.

What is the average export price for palm kernels in Pakistan?

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The average palm kernel export price stood at $2,026 per tonne in 2019, increasing by 25% against the previous year.

What is the average import price for palm kernels in Pakistan?

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The average palm kernel import price stood at $30,643 per tonne in 2019, rising by 2.3% against the previous year.