Pakistan: Feldspar Market 2024

Feldspar Market Size in Pakistan

In 2021, after two years of growth, there was decline in the Pakistani feldspar market, when its value decreased by -4.8% to $X. Overall, consumption, however, posted significant growth. Feldspar consumption peaked at $X in 2020, and then declined modestly in the following year.

Feldspar Production in Pakistan

In value terms, feldspar production shrank to $X in 2021 estimated in export price. In general, production, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 287%. Feldspar production peaked at $X in 2020, and then shrank in the following year.

Feldspar Exports

Exports from Pakistan

Feldspar exports from Pakistan reduced to X tons in 2021, with a decrease of -13.5% on the previous year. Overall, exports, however, showed a pronounced increase. The pace of growth was the most pronounced in 2020 with an increase of 975% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, feldspar exports dropped to $X in 2021. Over the period under review, exports, however, showed a slight increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,039% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons) was the main destination for feldspar exports from Pakistan, accounting for a 94% share of total exports. It was followed by Bangladesh (X tons), with a 1.9% share of total exports. The third position in this ranking was held by Thailand (X tons), with a 1.9% share.

From 2013 to 2021, the average annual rate of growth in terms of volume to South Korea stood at +36.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+25.1% per year) and Thailand (0.0% per year).

In value terms, South Korea ($X) remains the key foreign market for feldspar exports from Pakistan, comprising 97% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 0.8% share of total exports. It was followed by Malaysia, with a 0.6% share.

From 2013 to 2021, the average annual rate of growth in terms of value to South Korea totaled +34.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+12.1% per year) and Malaysia (-18.0% per year).

Export Prices by Country

In 2021, the average feldspar export price amounted to $X per ton, increasing by 12% against the previous year. In general, the export price, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+1.5%), while the prices for the other major destinations experienced a decline.

Feldspar Imports

Imports into Pakistan

In 2021, supplies from abroad of feldspar increased by 99% to X tons, rising for the third year in a row after two years of decline. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2015 with an increase of 1,079%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, feldspar imports soared to $X in 2021. Overall, imports showed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 827% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, China (X tons) was the main supplier of feldspar to Pakistan, accounting for a 91% share of total imports. Moreover, feldspar imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold.

From 2013 to 2021, the average annual rate of growth in terms of volume from China stood at +328.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+82.0% per year) and Turkey (-31.8% per year).

In value terms, China ($X) constituted the largest supplier of feldspar to Pakistan, comprising 91% of total imports. The second position in the ranking was taken by Spain ($X), with a 7.3% share of total imports.

From 2013 to 2021, the average annual rate of growth in terms of value from China totaled +461.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+68.7% per year) and Turkey (-29.4% per year).

Import Prices by Country

In 2021, the average feldspar import price amounted to $X per ton, falling by -3.2% against the previous year. Over the period under review, the import price, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 85%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by India (+36.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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