Pakistan: Anti-Freezing Preparations Market 2024

Anti-Freezing Preparations Market Size in Pakistan

In 2021, after two years of decline, there was significant growth in the Pakistani anti-freezing preparations market, when its value increased by 18% to $X. Overall, consumption posted a buoyant increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Anti-Freezing Preparations Production in Pakistan

In value terms, anti-freezing preparations production surged to $X in 2021 estimated in export price. Over the period under review, production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 54% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Anti-Freezing Preparations Exports

Exports from Pakistan

Anti-freezing preparations exports from Pakistan totaled X tons in 2021, with an increase of 6.7% on the previous year. Overall, exports, however, recorded a sharp contraction. The pace of growth was the most pronounced in 2020 when exports increased by 265%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, anti-freezing preparations exports expanded rapidly to $X in 2021. In general, exports, however, faced a abrupt descent. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Armenia (X tons) was the main destination for anti-freezing preparations exports from Pakistan, with a 93% share of total exports. Moreover, anti-freezing preparations exports to Armenia exceeded the volume sent to the second major destination, the Netherlands (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Armenia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-28.1% per year) and Turkey (0.0% per year).

In value terms, Armenia ($X) emerged as the key foreign market for anti-freezing preparations and prepared de-icing fluids exports from Pakistan, comprising 94% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 3.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Armenia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-26.2% per year) and Turkey (0.0% per year).

Export Prices by Country

In 2021, the average anti-freezing preparations export price amounted to $X per ton, flattening at the previous year. Over the period under review, the export price, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 an increase of 237% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while the average price for exports to the Netherlands ($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 the Netherlands (+2.6%).

Anti-Freezing Preparations Imports

Imports into Pakistan

In 2021, supplies from abroad of anti-freezing preparations and prepared de-icing fluids was finally on the rise to reach X tons after two years of decline. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, anti-freezing preparations imports surged to $X in 2021. Over the period under review, imports posted buoyant growth. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest anti-freezing preparations supplier to Pakistan, accounting for a 31% share of total imports. Moreover, anti-freezing preparations imports from Thailand exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand stood at +25.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+51.8% per year) and South Korea (+30.8% per year).

In value terms, Thailand ($X) constituted the largest supplier of anti-freezing preparations and prepared de-icing fluids to Pakistan, comprising 28% of total imports. The second position in the ranking was taken by South Korea ($X), with an 11% share of total imports. It was followed by Belgium, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand stood at +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+20.3% per year) and Belgium (+12.2% per year).

Import Prices by Country

In 2021, the average anti-freezing preparations import price amounted to $X per ton, shrinking by -30.3% against the previous year. In general, the import price recorded a abrupt slump. The growth pace was the most rapid in 2015 an increase of 11% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Indonesia ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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