Price for Protein; Concentrates and Textured Protein Substances in Pakistan - 2023
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Pakistan (CIF) - 2023
- Price for Protein; Concentrates and Textured Protein Substances in Pakistan (FOB) - 2022
- Imports of Protein; Concentrates and Textured Protein Substances in Pakistan
- Exports of Protein; Concentrates and Textured Protein Substances in Pakistan
Price for Protein; Concentrates and Textured Protein Substances in Pakistan (CIF) - 2023
In April 2023, the average import price for protein; concentrates and textured protein substanceses amounted to $2,489 per ton, surging by 8.8% against the previous month. Overall, the import price, however, recorded a deep slump. The pace of growth appeared the most rapid in September 2022 an increase of 72% month-to-month. Over the period under review, average import prices hit record highs at $13,925 per ton in November 2022; however, from December 2022 to April 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In April 2023, the country with the highest price was France ($3,541 per ton), while the price for the UK totaled $2,454 per ton.
From July 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Croatia (0.0%), while the prices for the other major suppliers experienced a decline.
Price for Protein; Concentrates and Textured Protein Substances in Pakistan (FOB) - 2022
In 2022, the average export price for protein; concentrates and textured protein substanceses amounted to $1,887 per ton, increasing by 11% against the previous year. In general, the export price, however, continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2016 an increase of 57%. The export price peaked at $3,065 per ton in 2017; however, from 2018 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 Iraq ($2,956 per ton), while the average price for exports to Spain ($1,374 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 Iraq (+37.6%), while the prices for the other major destinations experienced a decline.
Imports of Protein; Concentrates and Textured Protein Substances in Pakistan
Imports of protein; concentrates and textured protein substanceses into Pakistan soared to 195 tons in 2022, rising by 82% compared with 2021 figures. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 197%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, imports of protein; concentrates and textured protein substanceses skyrocketed to $2.1M in 2022. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 355% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
Import of Protein; Concentrates and Textured Protein Substances in Pakistan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 8.7 | 26.1 | 637 | 1,519 | 458.9% |
Argentina | 28.5 | 20.3 | 70.3 | 170 | 81.4% |
China | 98.2 | 36.2 | 61.3 | 79.5 | -6.8% |
Belgium | N/A | N/A | N/A | 54.6 | 0% |
United Arab Emirates | 3.6 | 0.6 | 8.5 | 42.7 | 128.1% |
Croatia | N/A | N/A | N/A | 23.4 | 0% |
Indonesia | N/A | 32.8 | 129 | 16.9 | -28.2% |
Spain | N/A | 41.1 | N/A | 16.4 | -36.8% |
Others | 97.4 | 140 | 447 | 202 | 27.5% |
Total | 236 | 298 | 1,353 | 2,124 | 108.0% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Pakistan in 2022:
- United Kingdom (95.8 tons)
- Croatia (18.0 tons)
- China (16.1 tons)
- Argentina (13.1 tons)
- Belgium (11.3 tons)
- Spain (7.5 tons)
- United Arab Emirates (3.2 tons)
- Indonesia (1.4 tons)
Exports of Protein; Concentrates and Textured Protein Substances in Pakistan
In 2022, overseas shipments of protein; concentrates and textured protein substanceses decreased by -22.2% to 720 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 200%. As a result, the exports reached the peak of 1.3K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of protein; concentrates and textured protein substanceses reduced to $1.4M in 2022. Over the period under review, exports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2020 when exports increased by 210%. As a result, the exports attained the peak of $2.8M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
Export of Protein; Concentrates and Textured Protein Substances in Pakistan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Afghanistan | 709 | 2,665 | 1,245 | 699 | -0.5% |
Germany | 1.3 | 0.7 | 35.1 | 168 | 405.6% |
United States | N/A | 12.3 | 55.6 | 167 | 268.5% |
Netherlands | 8.2 | N/A | 30.5 | 90.5 | 122.6% |
United Kingdom | 140 | 60.2 | 48.7 | 63.0 | -23.4% |
Iraq | N/A | N/A | 26.8 | 53.2 | 98.5% |
Canada | 6.0 | 27.6 | 4.7 | 49.9 | 102.6% |
Spain | N/A | N/A | N/A | 33.0 | 0% |
Others | 46.0 | 57.3 | 129 | 35.3 | -8.4% |
Total | 910 | 2,824 | 1,576 | 1,359 | 14.3% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Pakistan in 2022:
- Afghanistan (420.2 tons)
- Germany (97.5 tons)
- United States (61.3 tons)
- Netherlands (51.2 tons)
- Spain (24.0 tons)
- Canada (19.9 tons)
- Iraq (18.0 tons)
- United Kingdom (15.4 tons)
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