The Best worldwide Halal Market

The Best worldwide Halal Market Export from Pakistan

The Best worldwide Halal Market

The Best worldwide halal market is the fastest-growing consumer category of international trade, with a market value of $ 3 trillion (up from $635 billion in 2010) and a projected value of $ 3.2 trillion by 2023.

According to the Organization of Islamic Countries (OIC), global halal spending was at $3.15 trillion in 2014 (according to the most recent available figures), accounting for 2.6 percent of global spending.

The Best worldwide Halal Market

Consumer goods, such as processed meals and beverages, medications, fashion, and cosmetics, are significantly responsible for the industry’s success. Halal food has the greatest market share in the whole halal business, accounting for around 36% of the total halal industry, indicating its global upward trend, and Halal meat Export from Pakistan is also gaining its pace.

With total spending of $ 1.13 trillion on halal food and beverages (F&B) out of global spending of $ 6.75 trillion on food and beverages in 2014, indicating a 16.7% market share, the increasing demand for halal food is obvious. By 2020, Muslims are predicted to account for roughly 26% of the global population, resulting in $ 1.59 trillion in halal food and beverage spending, accounting for 16.9% of the market.

Pakistan, being an Islamic country, has the potential to be a global leader in this field, with a focus on Halal and processed meat. Despite these realities, Pakistani meat producers are up against stiff competition from India, Brazil, and Africa.

Government support for the meat export industry is limited, and the procedures for handling meat exports are complicated. Apart from arranging repatriation of money for livestock exporters stuck abroad due to the default of certain buyers, the government should pay attention to these snags.

To make room in the multibillion-dollar halal products industry, the practice of granting Live Animal Export Special Quotas should be phased out, and only value-added animal products should be permitted to export.

A prohibition on the slaughter of female animals should be enacted, together with a method to ensure that it is carried out effectively. Meat processors need a large quantity of livestock at a reasonable price to reach lucrative international markets. The country’s expanding population has already depleted cattle supplies, and animal smuggling has also exacerbated the crisis.

The Gulf countries, as well as Vietnam and Malaysia, are the primary destinations for the South Asian nation’s exports.

The Best worldwide Halal Market

Due to a prohibition imposed on Pakistan due to the FMD background, the country remains out of the $12 to $15 billion Chinese market, while high quarantine requirements and registration processes are also big roadblocks. According to exporters, the country’s meat does make it to the Chinese market, but not directly.

“Pakistani meat is provided to China indirectly through Vietnam, which is illegal and via smuggling,” said Mian Abdul Hannan, Chairman of the All Pakistan Meat Exporters and Processors Association, in an interview with Arab News.”For the export of beef, we do not have a trade deal with China.” The FMD is the primary cause.”Pakistan is now in Stage II of the FMD epidemic, with the hope of moving to Stage III after FMD-free zones are established to control and eradicate the disease.  

Apart from meat Rice Export from Pakistan is also making positive growth to the international market. In terms of acreage, it ranks second only to wheat in terms of acreage and second only to cotton (and its allied products) in terms of export earnings, according to Pakistan Bureau of Statistics data. Rice contributes 1.3-1.6 percent of GDP and accounts for 3.1 percent of value-added in the agricultural sector.

It gained even more significance last year when production surpassed 7.4 million tonnes, putting Pakistan among the top ten rice producers in the world. According to Pakistan’s Economic Survey (2017-18), rice acreage expanded by 6.4 percent (2.74 million hectares) in 2016-17 to 2.89 million hectares, while production increased by 8.7% from 6.84 million tonnes to 7.44 million tonnes.

Pakistan’s rice exports increased by 28 percent as a result of both of these reasons. According to the Rice Exporters Association of Pakistan (Reap), the country exported a little more than four million tonnes (worth $2 billion) in 2018, up from 3.44 million tonnes (worth $1.6 billion) the previous year. In terms of value, this increased by 27.7%, while in terms of quantity, it increased by 17%.

Basmati (long grain and fragrant), coarse (IRRI type), and a general word named “others” are the three board categories for rice profiling. Hybrids, unapproved variations, and certain imported types fall into this category, thanks to the regulatory controls.

The fact that the country has approved 108 types in the last 15 years from 2003 to 2018 contributes to national seed uncertainty. They can now all be sold. Only 48 of them, however, are really released and found in the field, depending on the needs of different ecological zones. In the last two years, Chinese hybrids have made all the difference.

Punjab, which produces all types of basmati, super, IRRI, and hybrids, dominates the national production scale with a 53 percent share. Sindh (IRRI and hybrids) comes in second with 26%, Balochistan (12%), and Khyber Pakhtunkhwa (9%), which has many local coarse varieties for hills and mountains.

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