Starches; Inulin Price in Pakistan - 2023
Contents:
- Starches; Inulin Price in Pakistan (FOB) - 2023
- Starches; Inulin Price in Pakistan (CIF) - 2022
- Starches; Inulin Exports in Pakistan
- Starches; Inulin Imports in Pakistan
Starches; Inulin Price in Pakistan (FOB) - 2023
In April 2023, the average starches; inulin export price amounted to $579 per ton, with a decrease of -11.3% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 when the average export price increased by 14% m-o-m. Over the period under review, the average export prices hit record highs at $711 per ton in November 2022; however, from December 2022 to April 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($889 per ton), while the average price for exports to Oman ($465 per ton) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Starches; Inulin Price in Pakistan (CIF) - 2022
In 2022, the average starches; inulin import price amounted to $796 per ton, increasing by 24% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $852 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($973 per ton), while the price for Egypt ($451 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Exports in Pakistan
In 2022, exports of starches; inulins from Pakistan shrank to 34K tons, falling by -5.3% on the previous year's figure. In general, exports saw a slight decline. The pace of growth was the most pronounced in 2021 with an increase of 31%. As a result, the exports reached the peak of 36K tons, and then reduced in the following year.
In value terms, starches; inulin exports skyrocketed to $19M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Starches; Inulin in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 4.3 | 1.6 | 3.8 | 4.6 | 2.3% |
| United Arab Emirates | 1.6 | 1.9 | 2.7 | 3.2 | 26.0% |
| Bangladesh | 2.4 | 1.5 | 2.3 | 2.8 | 5.3% |
| Afghanistan | 2.0 | 2.4 | 2.0 | 2.6 | 9.1% |
| Oman | 1.4 | 1.1 | 1.7 | 2.0 | 12.6% |
| Saudi Arabia | 0.9 | 0.9 | 0.1 | 0.8 | -3.9% |
| Qatar | N/A | 0.3 | 0.5 | 0.6 | 41.4% |
| Others | 1.9 | 1.2 | 1.7 | 2.3 | 6.6% |
| Total | 14.4 | 10.9 | 14.8 | 18.9 | 9.5% |
Top Export Markets for Starches; Inulin from Pakistan in 2022:
- Kenya (8.5K tons)
- United Arab Emirates (6.3K tons)
- Afghanistan (4.6K tons)
- Oman (4.0K tons)
- Bangladesh (3.9K tons)
- Saudi Arabia (1.6K tons)
- Qatar (1.1K tons)
Starches; Inulin Imports in Pakistan
In 2022, starches; inulin imports into Pakistan fell markedly to 7.9K tons, which is down by -25.4% compared with 2021. Overall, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 31%.
In value terms, starches; inulin imports fell to $6.3M in 2022. Over the period under review, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year.
| Import of Starches; Inulin in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 3,247 | 2,259 | 3,076 | 2,771 | -5.1% |
| Thailand | 363 | 499 | 678 | 611 | 19.0% |
| Turkey | 1,172 | 499 | 130 | 533 | -23.1% |
| Poland | 246 | 161 | 578 | 521 | 28.4% |
| France | 1,481 | 171 | 109 | 521 | -29.4% |
| Egypt | 320 | 544 | 328 | 353 | 3.3% |
| Germany | 371 | 50.5 | 272 | 245 | -12.9% |
| India | 207 | 30.7 | 25.5 | 77.9 | -27.8% |
| Ukraine | N/A | N/A | 891 | N/A | 0% |
| Others | 414 | 763 | 680 | 636 | 15.4% |
| Total | 7,820 | 4,977 | 6,768 | 6,269 | -7.1% |
Top Suppliers of Starches; Inulin to Pakistan in 2022:
- Denmark (3187.7 tons)
- Turkey (1019.5 tons)
- Thailand (790.0 tons)
- Egypt (782.4 tons)
- Poland (640.1 tons)
- France (535.5 tons)
- Germany (276.8 tons)
- India (170.6 tons)
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