Pakistan: Ether Market 2024

Ether Market Size in Pakistan

The Pakistani ether market contracted slightly to $X in 2022, remaining constant 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, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +37.2% against 2020 indices. As a result, consumption reached the peak level of $X, leveling off in the following year.

Ether Exports

Exports from Pakistan

Ether exports from Pakistan skyrocketed to X tons in 2022, growing by 330% compared with the previous year. In general, exports recorded a significant expansion. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, ether exports soared to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 322% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), Jordan (X tons) and Qatar (X tons) were the main destinations of ether exports from Pakistan, together accounting for 89% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +210.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X), Jordan ($X) and Afghanistan ($X) constituted the largest markets for ether exported from Pakistan worldwide, together comprising 65% of total exports. These countries were followed by the United Arab Emirates, which accounted for a further 15%.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +180.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ether export price amounted to $X per ton, waning by -24.3% against the previous year. Overall, the export price recorded a perceptible contraction. The growth pace was the most rapid in 2018 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+1.8%), while the prices for the other major destinations experienced a decline.

Ether Imports

Imports into Pakistan

Ether imports into Pakistan reduced to X tons in 2022, which is down by -4.6% compared with 2021. Overall, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2021 with an increase of 25%. As a result, imports attained the peak of X tons, and then dropped modestly in the following year.

In value terms, ether imports reached $X in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of ether to Pakistan, accounting for a 48% share of total imports. Moreover, ether imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Kuwait (X tons), threefold. The third position in this ranking was held by Thailand (X tons), with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia amounted to +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Kuwait (+43.0% per year) and Thailand (+17.6% per year).

In value terms, Saudi Arabia ($X), China ($X) and Kuwait ($X) were the largest ether suppliers to Pakistan, with a combined 58% share of total imports. Indonesia, Thailand, the United States, Taiwan (Chinese), Brazil, Belgium, India, the United Arab Emirates, France and Iran lagged somewhat behind, together comprising a further 33%.

France, with a CAGR of +42.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ether import price stood at $X per ton in 2022, growing by 6.4% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced contraction. The growth pace was the most rapid in 2021 when the average import price increased by 11%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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