Updated Nov 6, 2022 23:28

Market for Citrus Fruit Or Melons Peel in Pakistan

Market Overview
In , the Pakistani market for peel of citrus fruit or melons decreased by -% to $ for the first time since 2018, thus ending a two-year rising trend. In general, the total consumption indicated a tangible expansion from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2018 indices. Citrus fruit or melons peel consumption peaked at $ in , and then fell in the following year.

In value terms, citrus fruit or melons peel production reduced to $ in estimated in export price. Overall, the total production indicated a pronounced increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of % against the previous year. Over the period under review, production attained the maximum level at $ in , and then shrank in the following year.


Consumption
In , approx. tons of peel of citrus fruit or melons were consumed in Pakistan; standing approx. at figures. Over the period under review, the total consumption indicated a temperate increase from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Over the period under review, consumption attained the maximum volume at tons in ; however, from to , consumption stood at a somewhat lower figure.

The revenue of the market for peel of citrus fruit or melons in Pakistan stood at $ in , therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a tangible expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Over the period under review, the market hit record highs at $ in ; however, from to , consumption stood at a somewhat lower figure.


Market Forecast
Driven by increasing demand for citrus fruit or melons peel in Pakistan, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, imports of citrus fruit or melons peel in Pakistan were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for citrus fruit or melons peel. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (less than percentage point) over the period under review.


Trade Balance
Pakistan remains a net exporter of citrus fruit or melons peel; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a trade surplus of kg, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.