Pakistan: Agglomerated Powder Rod Market 2024

Agglomerated Powder Rod Market Size in Pakistan

The Pakistani agglomerated powder rod market dropped rapidly to $X in 2021, which is down by -29.5% 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). Overall, consumption saw a slight downturn. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Agglomerated Powder Rod Exports

Exports from Pakistan

In 2021, the amount of base metal wire and rods of agglomerated base powder exported from Pakistan dropped dramatically to X kg, which is down by -84.4% compared with 2020 figures. Overall, exports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 219% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, agglomerated powder rod exports contracted sharply to $X in 2021. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 122%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Qatar (X kg) was the main destination for agglomerated powder rod exports from Pakistan, with a 85% share of total exports. Moreover, agglomerated powder rod exports to Qatar exceeded the volume sent to the second major destination, Tanzania (X kg), sevenfold. The third position in this ranking was held by the UK (X kg), with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume to Qatar stood at -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-38.0% per year) and the UK (-38.8% per year).

In value terms, Qatar ($X) emerged as the key foreign market for base metal wire and rods of agglomerated base powder exports from Pakistan, comprising 93% of total exports. The second position in the ranking was taken by Tanzania ($X), with a 5.4% share of total exports. It was followed by the UK, with a 0.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Qatar stood at +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-44.4% per year) and the UK (-32.8% per year).

Export Prices by Country

The average agglomerated powder rod export price stood at $X per ton in 2021, increasing by 179% against the previous year. In general, the export price posted a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to the UK ($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 Qatar (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Agglomerated Powder Rod Imports

Imports into Pakistan

In 2021, the amount of base metal wire and rods of agglomerated base powder imported into Pakistan declined significantly to X tons, with a decrease of -50.9% against the year before. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 270% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, agglomerated powder rod imports dropped to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 300%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) was the main agglomerated powder rod supplier to Pakistan, accounting for a 90% share of total imports. Moreover, agglomerated powder rod imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. Malaysia (X tons) ranked third in terms of total imports with a 1.5% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates stood at +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-26.3% per year) and Malaysia (-2.8% per year).

In value terms, the largest agglomerated powder rod suppliers to Pakistan were the United Arab Emirates ($X), China ($X) and Malaysia ($X), with a combined 75% share of total imports.

Malaysia, with a CAGR of +23.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 agglomerated powder rod import price amounted to $X per ton, jumping by 75% against the previous year. In general, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+30.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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