Refined Palm Oil Market Overview in Pakistan
The revenue of the refined palm oil market in Pakistan contracted to $ in 2019, with a decrease of -% 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 notable growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2017 indices. The most prominent rate of growth was recorded in 2011 when the market value increased by % year-to-year. Over the period under review, the market reached the maximum level at $ in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.