Pakistan: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Pakistan

The Pakistani market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) surged to $X in 2021, picking up by 22% 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). Over the period under review, consumption recorded a strong expansion. Consumption of peaked in 2021 and is likely to continue growth in the near future.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from Pakistan

In 2021, approx. X tons of acrylic polymers, in primary forms (excluding polymethyl methacrylate) were exported from Pakistan; with a decrease of -27.3% against 2020 figures. In general, exports saw a abrupt downturn. The growth pace was the most rapid in 2018 when exports increased by 182% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) fell markedly to $X in 2021. Overall, exports showed a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by 134%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bangladesh (X tons), China (X tons) and Spain (X tons) were the main destinations of exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Pakistan, with a combined 64% share of total exports. The United Arab Emirates, Indonesia, Afghanistan, Peru and Turkey lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +154.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), China ($X) and Spain ($X) constituted the largest markets for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exported from Pakistan worldwide, together accounting for 62% of total exports. These countries were followed by Indonesia, Afghanistan, the United Arab Emirates, Peru and Turkey, which together accounted for a further 23%.

Peru, with a CAGR of +196.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, surging by 13% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into Pakistan

Imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) into Pakistan expanded rapidly to X tons in 2021, growing by 15% against 2020 figures. In general, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 53%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014 when imports increased by 32%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

China (X tons), Singapore (X tons) and Malaysia (X tons) were the main suppliers of imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Pakistan, with a combined 48% share of total imports. These countries were followed by the United Arab Emirates, France, Belgium, Taiwan (Chinese), South Korea, Japan, Indonesia, Turkey, Saudi Arabia and Thailand, which together accounted for a further 47%.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +140.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Singapore ($X) and Malaysia ($X) constituted the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) suppliers to Pakistan, together accounting for 45% of total imports. These countries were followed by the United Arab Emirates, France, Belgium, Taiwan (Chinese), Japan, South Korea, Indonesia, Turkey, Saudi Arabia and Thailand, which together accounted for a further 46%.

In terms of the main suppliers, Saudi Arabia, with a CAGR of +105.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, increasing by 4.6% against the previous year. Overall, the import price, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2015 an increase of 6.7%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and Japan ($X per ton), while the price for Saudi Arabia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform