Pakistan: Potato Market 2024

Potato Market Size in Pakistan

In 2023, the Pakistani potato market decreased by X% to $X, falling for the second year in a row after four years of growth. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2023.

Potato Production in Pakistan

In value terms, potato production rose significantly to $X in 2023 estimated in export price. In general, the total production indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

In 2023, the average potato yield in Pakistan fell to X tons per ha, remaining constant against the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the yield increased by X%. The potato yield peaked at X tons per ha in 2022, and then reduced in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the potato harvested area in Pakistan dropped to X ha, which is down by X% on 2022 figures. Overall, the total harvested area indicated a noticeable increase from 2012 to 2023: its figure increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, potato harvested area increased by X% against 2020 indices. The growth pace was the most rapid in 2022 with an increase of X%. As a result, the harvested area reached the peak level of X ha, and then contracted in the following year.

Potato Exports

Exports from Pakistan

After two years of growth, overseas shipments of potatoes decreased by X% to X tons in 2023. In general, exports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2022, and then declined modestly in the following year.

In value terms, potato exports declined significantly to $X in 2023. Overall, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at $X in 2022, and then contracted dramatically in the following year.

Exports by Country

Sri Lanka (X tons), Afghanistan (X tons) and the United Arab Emirates (X tons) were the main destinations of potato exports from Pakistan, with a combined X% share of total exports. Qatar, Malaysia, Oman and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Oman (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for potato exported from Pakistan were Sri Lanka ($X), the United Arab Emirates ($X) and Afghanistan ($X), with a combined X% share of total exports. Malaysia, Qatar, Oman and Russia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Oman, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average potato export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price recorded a noticeable slump. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Imports

Imports into Pakistan

Potato imports into Pakistan reduced to X tons in 2023, waning by X% on 2022. In general, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2023, the growth of imports failed to regain momentum.

In value terms, potato imports declined dramatically to $X in 2023. Overall, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, the Netherlands (X tons) constituted the largest potato supplier to Pakistan, with a X% share of total imports. Moreover, potato imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Afghanistan (X tons), ninefold. The third position in this ranking was taken by Germany (X tons), with an X% share.

From 2012 to 2023, the average annual growth rate of volume from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Afghanistan (X% per year) and Germany (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of potatoes to Pakistan, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Afghanistan, with a X% share.

From 2012 to 2023, the average annual growth rate of value from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Afghanistan (X% per year).

Import Prices by Country

The average potato import price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform