Pakistan: Market for Cereal Grain Products (Including Corn Flakes) 2024

Market Size for Cereal Grain Products (Including Corn Flakes) in Pakistan

The Pakistani market for cereal grain products (including corn flakes) amounted to $X in 2022, approximately mirroring the previous year. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Corn flakes and cereal products consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Cereal Grain Products (Including Corn Flakes) in Pakistan

In value terms, corn flakes and cereal products production reached $X in 2022 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Cereal Grain Products (Including Corn Flakes)

Exports from Pakistan

In 2022, the amount of cereal grain products (including corn flakes) exported from Pakistan reached X tons, rising by X% compared with the year before. In general, exports posted significant growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, corn flakes and cereal products exports skyrocketed to $X in 2022. Over the period under review, exports saw resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Afghanistan (X tons) was the main destination for corn flakes and cereal products exports from Pakistan, accounting for a X% share of total exports. Moreover, corn flakes and cereal products exports to Afghanistan exceeded the volume sent to the second major destination, Kazakhstan (X tons), more than tenfold. Kyrgyzstan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, 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: Kazakhstan (X% per year) and Kyrgyzstan (X% per year).

In value terms, Afghanistan ($X) remains the key foreign market for cereal grain products (including corn flakes) exports from Pakistan, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Afghanistan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The average export price for cereal grain products (including corn flakes) stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Kazakhstan ($X 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 Myanmar (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cereal Grain Products (Including Corn Flakes)

Imports into Pakistan

After two years of growth, overseas purchases of cereal grain products (including corn flakes) decreased by X% to X tons in 2022. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, corn flakes and cereal products imports contracted sharply to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Sri Lanka (X tons), Malaysia (X tons) and the UK (X tons) were the main suppliers of corn flakes and cereal products imports to Pakistan, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sri Lanka (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest corn flakes and cereal products suppliers to Pakistan were Malaysia ($X), the UK ($X) and Sri Lanka ($X), with a combined X% share of total imports.

Sri Lanka, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for cereal grain products (including corn flakes) stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price saw a noticeable descent. The growth pace was the most rapid in 2013 an increase of X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :