Pakistan: Sugar Market Overview 2021

Sugar Market Size in Pakistan

In 2020, the Pakistani sugar market decreased by -X% to $X, falling for the third year in a row after two years of growth. Overall, consumption posted a resilient increase. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Sugar Production in Pakistan

In value terms, sugar production fell to $X in 2020 estimated in export prices. Over the period under review, production posted a buoyant expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Sugar production peaked at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

In 2020, the average yield of sugar in Pakistan was estimated at X kg per ha, approximately reflecting the year before. Overall, the yield continues to indicate 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 2020, the total area harvested in terms of sugar production in Pakistan amounted to X ha, remaining relatively unchanged against the previous year. In general, the harvested area recorded a relatively flat trend pattern.

Sugar Exports

Exports from Pakistan

For the third consecutive year, Pakistan recorded decline in overseas shipments of sugar, which decreased by -X% to X tonnes in 2020. Over the period under review, exports, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure at X tonnes in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, sugar exports shrank dramatically to $X in 2020. Overall, exports, however, showed a noticeable increase. The pace of growth was the most pronounced in 2008 when exports increased by X% against the previous year. Exports peaked at $X in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

Exports by Country

Afghanistan (X tonnes) was the main destination for sugar exports from Pakistan, with a X% share of total exports. Moreover, sugar exports to Afghanistan exceeded the volume sent to the second major destination, Saudi Arabia (X tonnes), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Afghanistan amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+X% per year) and the UK (-X% per year).

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

From 2007 to 2020, the average annual growth rate of value to Afghanistan stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+X% per year) and the UK (-X% per year).

Export Prices by Country

In 2020, the average sugar export price amounted to $X per tonne, declining by -X% against the previous year. Overall, the export price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. As a result, export price attained the peak level of $X per tonne. from 2013 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Saudi Arabia ($X per tonne), while the average price for exports to Afghanistan ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia, while the prices for the other major destinations experienced a decline.

Sugar Imports

Imports into Pakistan

In 2020, purchases abroad of sugar decreased by -X% to X tonnes for the first time since 2006, thus ending a thirteen-year rising trend. Overall, imports continue to indicate a precipitous descent. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Imports peaked at X tonnes in 2019, and then shrank dramatically in the following year.

In value terms, sugar imports fell markedly to $X in 2020. Over the period under review, imports saw a precipitous contraction. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Imports peaked at $X in 2019, and then dropped remarkably in the following year.

Imports by Country

In 2020, the U.S. (X tonnes) was the main supplier of sugar to Pakistan, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from the U.S. totaled +X%.

In value terms, the U.S. ($X) constituted the largest supplier of sugar to Pakistan.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. amounted to +X%.

Import Prices by Country

The average sugar import price stood at $X per tonne in 2020, waning by -X% against the previous year. Over the period under review, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne, and then fell sharply in the following year.

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

From 2007 to 2020, the rate of growth in terms of prices for the U.S. amounted to -X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sugar in the world?

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India (35M tonnes) remains the largest sugar consuming country worldwide, accounting for 19% of total volume. Moreover, sugar consumption in India exceeded the figures recorded by the second-largest consumer, China (15M tonnes), twofold. Thailand (15M tonnes) ranked third in terms of total consumption with a 8.2% share.

What are the largest producers of sugar in the world?

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The countries with the highest volumes of sugar production in 2020 were India (35M tonnes), Brazil (27M tonnes) and Thailand (18M tonnes), with a combined 43% share of global production.

What are the leading suppliers of sugar to Pakistan?

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In value terms, the U.S. ($640) constituted the largest supplier of sugar to Pakistan.

What are the leading importers of sugar from Pakistan?

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In value terms, Afghanistan ($1.3M) remains the key foreign market for sugar exports from Pakistan, comprising 84% of total exports. The second position in the ranking was occupied by Saudi Arabia ($99K), with a 6.3% share of total exports.

What is the average export price for sugar in Pakistan?

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In 2020, the average sugar export price amounted to $377 per tonne, falling by -12.3% against the previous year.

What is the average import price for sugar in Pakistan?

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The average sugar import price stood at $210 per tonne in 2020, dropping by -56.3% against the previous year.