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Pakistan Honey Export Report
Pakistan Honey Export Report
Pakistan Honey Export Report
A Comprehensive Study
by
TABLE OF CONTENT
https://www.dnbcountryrisk.com/
COUNTRY'S OUTLOOK
Source: www.dnbcountryrisk.com
COUNTRY'S OUTLOOK
CREDIT ENVIRONMENT
Currency is devalued due to current
account deficit. The borrowing costs
Policy rate Stabilizing
increased up the falling
have risen up due to the tightened to 500 bps PKR
monetary policy. Additionally,
Flooding from the previous year has led
to food inflation. Lastly, Remittance
inflows have fallen down due to rising KEY ISSUES
living expenses brought on by the
global economic slump. Food Inflation
However, the central bank increased the
policy rate up to 500 bps since Higher borrowing costs
November 2022. Also, steps have been
taken to stabilize the falling PKR (down
Decreased remittance Inflows
30% YTD) and battle escalating
inflationary pressures
Currency Devaluation
Source: www.dnbcountryrisk.com
COUNTRY'S OUTLOOK
SUPPLY ENVIRONMENT
Due to the sharp rise in input costs, the
persistence of import restrictions, and Phase Two of CPEC opens positive
the lack of available credit, large-scale prospects for Pakistan
manufacturing will continue to
experience contraction. Supply chains
are being hampered by insufficient
infrastructure, energy constraints, and KEY ISSUES
restricted access to funding.
However, The start of Phase Two of the Supply Chains being hampered
China-Pakistan Economic Corridor
(CPEC) opens positive prospects for Contraction of Large-scale
Pakistan, providing chances to stop the
Manufacturing
country's economy from contracting,
handle manufacturing-related issues,
and create jobs.
Source: www.dnbcountryrisk.com
COUNTRY'S OUTLOOK
MARKET ENVIRONMENT
Pakistan's trade prospects face
Trade in Goods The emergence of
challenges due to escalating energy
Agreement b/w Kazakhstan as a
costs, electricity tariffs, heightened Pakistan & Turkey potential market
political uncertainty, and strained
relations with India.
However, The Trade in Goods
Agreement between Pakistan and KEY ISSUES
Turkey granted Pakistan preferential
access to the Turkish markets. Political Instability
Emergence of Kazakhstan as a potential
market shows the untapped market Rising Energy costs
cap. Pakistan's Ministry of Commerce
launched the B2B Barter Trade
Hostile relations with trade partners
Mechanism, fostering trade & reducing
reliance on conventional trade practices.
Electricity Tariffs
Source: www.dnbcountryrisk.com
COUNTRY'S OUTLOOK
POLITICAL ENVIRONMENT
The Former Prime Minister’s
incarceration has led to continued Massive Support Increased
for a sacked Political
political unrest that is worsening the Prime Minister Awareness
nation's economic situation. To add on,
with an increase in terrorist activity
spearheaded by the Tehreek-e-Taliban
Pakistan (TTP), the security situation has KEY ISSUES
also gotten worse.
However, the support of the general Ouster of Former Prime Minister
public with a former prime minister
shows their interest in politics and Political Unrest
economy which is a sign of nation’s
awareness and progress and so
Increase in Terrorist Activities
important for sustainable growth.
Source: www.dnbcountryrisk.com
INTRODUCTION TO HONEY EXPORTS
EXPORT OF HONEY DEMONSTRATES
PAKISTAN'S DEDICATION TO
ADVANCING WORLD CUISINE AND
PROTECTING ITS UNIQUE CULTURAL
HERITAGE.
HS CODE:
0409
GLOBAL EXPORTS
ABOUT 30% OF THE WORLD'S GLOBAL EXPORT
(2022)
HONEY EXPORTS COME FROM
GERMANY, INDIA, AND NEW
ZEALAND
UK $0.13 Bn (4.9%)
$300 M
$200 M
$100 M
$0 M
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Pakistan's Liquid
Gold: Honey
Exports Take
Center Stage
HS CODE:
0409
PAKISTAN EXPORT MARKETS
PAKISTAN'S HONEY IS EXPORTS WORLDWIDE
(2022)
PRIMARILY EXPORTED TO
MIDDLE EASTERN MARKETS.
$2 M
$1.5 M
$1 M
$0.5 M
$0 M
Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec
SWOT ANALYSIS
International Food UK-based event that features a range of food and drink
and Drink Event
goods and offers a venue for networking with potential
(IFE)
customers and business partners.
UK
https://www.ife.co.uk/
TRADE PROCEDURES & DOCUMENTATION
A thorough invoice that includes the customer, seller, product
Commercial Invoice description, quantity, unit pricing, total amount, and other crucial
information about the shipping of honey.
Phytosanitary Assures the shipping of honey is pest- and disease-free and complies
Certificate with phytosanitary requirements.
adherence to EU laws, especially FDA registration and prior notice, For some items, a Certificate of
those governing honey quality and adherence to FDA rules, and certain Conformity is required, along with
labeling requirements labeling requirements UAE standards compliance and halal
certification for halal markets.
CERTIFICATION BODIES
Pakistan National The PNAC makes sure that recognized organisations offer
Accreditation trustworthy certification services and adhere to
Council (PNAC)
international standards
https://www.pnac.gov.pk/
Pakistan Standards PSQCA can assist with food facility registration, food
and Quality Control safety planning, and compliance with relevant
Authority (PSQCA)
regulations.
http://www.psqca.com.pk/
Halal Development For items destined for the Halal market, they offer
Council (HDC) certification services to ensure adherence to Islamic
dietary requirements.
http://www.halalpakistan.org/