Pakistan: Banana Market 2024

Banana Market Size in Pakistan

In 2022, after two years of growth, there was significant decline in the Pakistani banana market, when its value decreased by X% to $X. In general, consumption saw a deep downturn. Banana consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Banana Production in Pakistan

In value terms, banana production rose to $X in 2022 estimated in export price. In general, production, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

In 2022, the average banana yield in Pakistan totaled X tons per ha, picking up by X% compared with 2021 figures. Overall, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. The banana yield peaked at X tons per ha in 2017; however, from 2018 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of bananas in Pakistan declined modestly to X ha, remaining constant against 2021. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X%. The banana harvested area peaked at X ha in 2021, and then contracted modestly in the following year.

Banana Exports

Exports from Pakistan

After two years of decline, shipments abroad of bananas increased by X% to X tons in 2022. In general, exports saw a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, banana exports skyrocketed to $X in 2022. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for banana exports from Pakistan, accounting for a X% share of total exports. Moreover, banana exports to Afghanistan exceeded the volume sent to the second major destination, Kazakhstan (X tons), threefold.

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

In value terms, Afghanistan ($X) remains the key foreign market for bananas exports from Pakistan, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports.

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

Export Prices by Country

The average banana export price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Afghanistan ($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 Kazakhstan (X%), while the prices for the other major destinations experienced a decline.

Banana Imports

Imports into Pakistan

In 2022, purchases abroad of bananas decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports faced a precipitous contraction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, banana imports totaled $X in 2022. Overall, imports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Ecuador (X tons) was the main banana supplier to Pakistan, accounting for a X% share of total imports. Moreover, banana imports from Ecuador exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Ecuador amounted to X%.

In value terms, Ecuador ($X) constituted the largest supplier of bananas to Pakistan, comprising X% of total imports. The second position in the ranking was held by France ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Ecuador totaled X%.

Import Prices by Country

In 2022, the average banana import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price enjoyed a strong expansion. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Ecuador stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :