
Pakistan - Sugar - Market Analysis, Forecast, Size, Trends and Insights
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Pakistan: Sugar Market Overview 2021
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Sugar Market Size in Pakistan
In 2019, the Pakistani sugar market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. Over the period under review, consumption saw resilient growth. The pace of growth was the most pronounced in 2008 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level at $X in 2018, and then shrank modestly in the following year.
Sugar Production in Pakistan
In value terms, sugar production dropped to $X in 2019 estimated in export prices. Overall, production enjoyed a prominent increase. The growth pace was the most rapid in 2008 when the production volume increased by X% year-to-year. Sugar production peaked at $X in 2018, and then declined in the following year.
The average yield of sugar in Pakistan amounted to X kg per ha in 2019, stabilizing at the previous year's figure. Overall, the yield recorded 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, approx. X ha of sugar were harvested in Pakistan; remaining relatively unchanged against the previous year's figure. Overall, the harvested area showed a relatively flat trend pattern.
Sugar Exports
Exports from Pakistan
In 2019, sugar exports from Pakistan reached X tonnes, rising by X% compared with 2018 figures. Overall, exports enjoyed a measured increase. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at X tonnes in 2017; however, from 2018 to 2019, exports remained at a lower figure.
In value terms, sugar exports fell dramatically to $X in 2019. Over the period under review, exports continue to indicate a strong increase. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at $X in 2017; however, from 2018 to 2019, exports stood at a somewhat lower figure.
Exports by Country
Afghanistan (X tonnes) was the main destination for sugar exports from Pakistan, with a X% share of total exports. Moreover, sugar exports to Afghanistan exceeded the volume sent to the second major destination, Saudi Arabia (X tonnes), more than tenfold. Spain (X tonnes) ranked third in terms of total exports with a X% share.
From 2007 to 2019, the average annual rate of growth in terms of volume to Afghanistan totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+X% per year) and Spain (+X% per year).
In value terms, Afghanistan ($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 Spain ($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 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: Spain (+X% per year) and Saudi Arabia (+X% per year).
Export Prices by Country
The average sugar export price stood at $X per tonne in 2019, waning by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a prominent increase. The growth pace was the most rapid in 2008 an increase of X% year-to-year. The export price peaked at $X per tonne in 2012; however, from 2013 to 2019, export prices remained at a lower figure.
Prices varied noticeably by the country of destination; the country with the highest price was Malaysia ($X per tonne), while the average price for exports to Afghanistan ($X per tonne) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced more modest paces of growth.
Sugar Imports
Imports into Pakistan
Sugar imports into Pakistan expanded rapidly to X tonnes in 2019, increasing by X% compared with 2018. Overall, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. As a result, imports attained the peak of X tonnes. From 2009 to 2019, the growth imports remained at a somewhat lower figure.
In value terms, sugar imports expanded sharply to $X in 2019. Over the period under review, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. From 2009 to 2019, the growth imports remained at a lower figure.
Imports by Country
In 2019, the United Arab Emirates (X tonnes) was the main sugar supplier to Pakistan, accounting for a approx. X% share of total imports.
From 2007 to 2019, the average annual growth rate of volume from the United Arab Emirates totaled +X%.
In value terms, the United Arab Emirates ($X) constituted the largest supplier of sugar to Pakistan.
From 2007 to 2019, the average annual growth rate of value from the United Arab Emirates amounted to +X%.
Import Prices by Country
The average sugar import price stood at $X per tonne in 2019, remaining constant against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2007 to 2019, the rate of growth in terms of prices for the United Arab Emirates amounted to +X% per year.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for sugar in the world?+
The countries with the highest volumes of sugar consumption in 2019 were Brazil (34M tonnes), India (25M tonnes) and China (11M tonnes), with a combined 35% share of global consumption. These countries were followed by the U.S., Pakistan, Russia, Thailand, Indonesia, Mexico, France and Germany, which together accounted for a further 28%.
What are the largest producers of sugar in the world?+
The countries with the highest volumes of sugar production in 2019 were Brazil (42M tonnes), India (24M tonnes) and Thailand (13M tonnes), with a combined 41% share of global production. These countries were followed by China, Pakistan, the U.S., Russia, Mexico, France, Germany, Australia and Guatemala, which together accounted for a further 30%.
What are the leading suppliers of sugar to Pakistan?+
In value terms, the United Arab Emirates ($1.8M) constituted the largest supplier of sugar to Pakistan.
What are the leading importers of sugar from Pakistan?+
In value terms, Afghanistan ($2.2M) remains the key foreign market for sugar exports from Pakistan, comprising 71% of total exports. The second position in the ranking was occupied by Spain ($282K), with a 9.1% share of total exports. It was followed by Saudi Arabia, with a 6.8% share.
What is the average export price for sugar in Pakistan?+
The average sugar export price stood at $423 per tonne in 2019, which is down by -17.4% against the previous year.
What is the average import price for sugar in Pakistan?+
The average sugar import price stood at $381 per tonne in 2019, approximately reflecting the previous year.
This report provides an in-depth analysis of the sugar market in Pakistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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