Pakistan: Asbestos Market 2022

Asbestos Market Size in Pakistan

The Pakistani asbestos market reduced remarkably to $X in 2020, shrinking by -X% 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 showed a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2010; however, from 2011 to 2020, consumption failed to regain the momentum.

Asbestos Exports

Exports from Pakistan

Asbestos exports from Pakistan fell sharply to X tons in 2020, shrinking by -X% against 2019 figures. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum at X tons in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

In value terms, asbestos exports shrank to $X in 2020. Overall, exports showed a deep slump. The growth pace was the most rapid in 2014 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. from 2015 to 2020, the growth exports remained at a lower figure.

Exports by Country

Tanzania (X tons) was the main destination for asbestos exports from Pakistan, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Tanzania amounted to +X%.

In value terms, Tanzania ($X) also remains the key foreign market for asbestos exports from Pakistan.

From 2007 to 2020, the average annual growth rate of value to Tanzania totaled -X%.

Export Prices by Country

The average asbestos export price stood at $X per ton in 2020, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. As a result, export price reached the peak level of $X per ton. from 2015 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Tanzania.

From 2007 to 2020, the rate of growth in terms of prices for Tanzania amounted to -X% per year.

Asbestos Imports

Imports into Pakistan

In 2020, overseas purchases of asbestos decreased by -X% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, imports recorded a perceptible descent. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at X tons in 2010; however, from 2011 to 2020, imports failed to regain the momentum.

In value terms, asbestos imports fell sharply to $X in 2020. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Russia (X tons) constituted the largest supplier of asbestos to Pakistan, accounting for a X% share of total imports. Moreover, asbestos imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold.

From 2007 to 2020, the average annual growth rate of volume from Russia was relatively modest.

In value terms, Russia ($X) constituted the largest supplier of asbestos to Pakistan, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Russia stood at +X%.

Import Prices by Country

In 2020, the average asbestos import price amounted to $X per ton, jumping by X% against the previous year. Overall, import price indicated a measured expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. Over the period under review, average import prices hit record highs in 2020 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Russia ($X per ton), while the price for China stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia.

Source: IndexBox Platform

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