Pakistan: Market for Bromides And Bromide Oxides, Iodides And Iodide Oxides 2024

Market Size for Bromides And Bromide Oxides, Iodides And Iodide Oxides in Pakistan

The Pakistani market for bromides and bromide oxides, iodides and iodide oxides reduced to $X in 2021, falling by -13.2% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then declined in the following year.

Production of Bromides And Bromide Oxides, Iodides And Iodide Oxides in Pakistan

In value terms, bromides, iodides and oxids thereof production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 28%. As a result, production attained the peak level of $X, and then declined in the following year.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from Pakistan

In 2021, after three years of decline, there was significant growth in overseas shipments of bromides and bromide oxides, iodides and iodide oxides, when their volume increased by 136% to X tons. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2016 when exports increased by 6,008% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, bromides, iodides and oxids thereof exports surged to $X in 2021. In general, exports saw resilient growth. The most prominent rate of growth was recorded in 2016 when exports increased by 7,225%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for bromides, iodides and oxids thereof exports from Pakistan, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +30.5%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for bromides and bromide oxides, iodides and iodide oxides exports from Pakistan.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled +28.8%.

Export Prices by Country

The average export price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, declining by -6.7% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 22% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to -1.3% per year.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into Pakistan

In 2021, bromides, iodides and oxids thereof imports into Pakistan shrank dramatically to X tons, waning by -71.7% against 2020 figures. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 233% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, bromides, iodides and oxids thereof imports reduced rapidly to $X in 2021. Overall, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2016 when imports increased by 181% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Singapore (X tons) constituted the largest bromides, iodides and oxids thereof supplier to Pakistan, with a 37% share of total imports. Moreover, bromides, iodides and oxids thereof imports from Singapore exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. The third position in this ranking was held by Jordan (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Singapore amounted to +24.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-1.1% per year) and Jordan (-6.5% per year).

In value terms, the largest bromides, iodides and oxids thereof suppliers to Pakistan were Jordan ($X), Singapore ($X) and China ($X), together accounting for 64% of total imports. The United Arab Emirates, Vietnam and South Korea lagged somewhat behind, together comprising a further 16%.

Among the main suppliers, Vietnam, with a CAGR of +26.3%, 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 bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, picking up by 147% against the previous year. In general, the import price, however, saw a abrupt descent. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+12.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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