- Poultry industry in Pakistan is the second largest industry, growing at 10-12% annually. Nearly 95% of the chicken is sold in the wet market. Per capita consumption of chicken is 7.5 kg and eggs at 88 per year.
- Poultry feed demand is approximately 8 MMT and imports of raw materials (corn and SBM) face high duties.
- Commodity producing sector growth is expected to be down to 1.13% in 2018/19, adversely affecting availability of major commodities.
- Population / growth: 217 million / 2%
- Urban % / growth: 39% / 2.5%
- GDP / growth (PPP): $1,202 billion / 5.73%
- GDP per capita (PPP): $5,839
- Pakistan is facing significant economic challenges due to its weak, unbalanced economy. Country has received a bailout package from IMF.
- Pakistan’s undocumented economy comprises approximately 36% of the total economy and creates major trade and economic challenges.
- Nearly 35% of the population is below poverty line.
Trade and Market Share Overview
- Pakistan ranks 8th worldwide in farm output.
- Pakistan is a major importer of energy products, with petroleum and crude oil imports valued at $6.3 million and $4.9 million respectfully.
- Gasoline demand is increasing by 7% annually.
- Pakistan exports molasses-based ethanol to the European market for potable use at a premium.
- Pakistan exports corn to Sri Lanka and sometimes to other countries, but only sporadically.
- Over the years, Pakistan has imported barley, sorghum and U.S. DDGS, when required and feasibility permitted.
- Pakistan is a significant importer of soybeans, importing 655 TMT of soybeans in 2019.
- Pakistan has high tariffs key agricultural products to safeguard the interests of leading Agri-production groups, including corn growers and also domestic OMC’s.
- Pakistan’s business environment is difficult – corruption is rampant, but as the trading Pakistan fairs well above others at 108 on the World Bank’s Ease of Doing Business Index.