Pakistan: Peanut Butter Market 2024

Peanut Butter Market Size in Pakistan

The Pakistani peanut butter market rose significantly to $X in 2022, picking up by X% against the previous year. Overall, the total consumption indicated a perceptible expansion 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 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Peanut Butter Production in Pakistan

In value terms, peanut butter production rose modestly to $X in 2022 estimated in export price. Overall, the total production indicated noticeable 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, production decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Peanut Butter Exports

Exports from Pakistan

In 2022, approx. X tons of peanut butter and prepared or preserved groundnuts were exported from Pakistan; with a decrease of X% against the previous year's figure. Over the period under review, exports faced a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, peanut butter exports shrank rapidly to $X in 2022. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for peanut butter exports from Pakistan, accounting for a X% share of total exports. Moreover, peanut butter exports to Afghanistan exceeded the volume sent to the second major destination, Australia (X tons), tenfold. The third position in this ranking was held by the United States (X tons), with a X% share.

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

In value terms, Afghanistan ($X) remains the key foreign market for peanut butter and prepared or preserved groundnuts exports from Pakistan, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with an X% share of total exports. It was followed by the United States, with a X% share.

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

Export Prices by Country

In 2022, the average peanut butter export price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Peanut Butter Imports

Imports into Pakistan

After four years of decline, overseas purchases of peanut butter and prepared or preserved groundnuts increased by X% to X tons in 2022. In general, imports, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, peanut butter imports surged to $X in 2022. Overall, imports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main peanut butter supplier to Pakistan, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of peanut butter and prepared or preserved groundnuts to Pakistan.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%.

Import Prices by Country

In 2022, the average peanut butter import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to X% per year.

Source: IndexBox Platform