Pakistan: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Pakistan

The Pakistani ferro-cerium and pyrophoric alloys market rose notably to $X in 2021, with an increase of 13% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Ferro-Cerium And Pyrophoric Alloys in Pakistan

In value terms, ferro-cerium and pyrophoric alloys production stood at $X in 2021 estimated in export price. Over the period under review, the total production indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.5% against 2019 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 43% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Pakistan

In 2021, shipments abroad of ferro-cerium and pyrophoric alloys decreased by -96.8% to X kg, falling for the second year in a row after two years of decline. Over the period under review, exports showed a dramatic shrinkage. The smallest decline of -49.1% was in 2020. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys exports reduced remarkably to $X in 2021. Overall, exports continue to indicate a dramatic contraction. The smallest decline of -16.3% was in 2014. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand (X kg) was the main destination for ferro-cerium and pyrophoric alloys exports from Pakistan, accounting for a approx. 33% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of volume to Thailand stood at +28.5%.

In value terms, Thailand ($X) emerged as the key foreign market for ferro-cerium and pyrophoric alloys exports from Pakistan.

From 2013 to 2021, the average annual rate of growth in terms of value to Thailand stood at -7.4%.

Export Prices by Country

In 2021, the average ferro-cerium and pyrophoric alloys export price amounted to $X per ton, rising by 137% against the previous year. Over the period under review, the export price recorded a resilient increase. The most prominent rate of growth was recorded in 2014 an increase of 142% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see gradual growth in the immediate term.

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

From 2013 to 2021, the rate of growth in terms of prices for Saudi Arabia amounted to +47.9% per year.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Pakistan

Ferro-cerium and pyrophoric alloys imports into Pakistan skyrocketed to X tons in 2021, surging by 215% compared with 2020. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 751% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys imports soared to $X in 2021. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 709%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Spain (X tons) and Denmark (X tons) were the main suppliers of ferro-cerium and pyrophoric alloys imports to Pakistan, with a combined 89% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +107.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of ferro-cerium and pyrophoric alloys to Pakistan, comprising 62% of total imports. The second position in the ranking was held by Spain ($X), with a 25% share of total imports. It was followed by Denmark, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +81.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+110.7% per year) and Denmark (+44.9% per year).

Import Prices by Country

The average ferro-cerium and pyrophoric alloys import price stood at $X per ton in 2021, jumping by 50% against the previous year. Over the period under review, the import price continues to indicate a noticeable increase. The growth pace was the most rapid in 2014 an increase of 164% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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