Pakistan: Complex Fluorine Salts Market 2024

Complex Fluorine Salts Market Size in Pakistan

In 2021, the Pakistani complex fluorine salts market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption enjoyed a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Complex Fluorine Salts Exports

Exports from Pakistan

In 2021, after three years of growth, there was significant decline in shipments abroad of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts, when their volume decreased by -47.7% to X tons. Overall, exports recorded a deep reduction. The pace of growth appeared the most rapid in 2019 when exports increased by 150% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, complex fluorine salts exports plummeted to $X in 2021. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 72%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Sri Lanka (X tons), Germany (X tons) and the United Arab Emirates (X tons) were the main destinations of complex fluorine salts exports from Pakistan, with a combined 98% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +57.2%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for complex fluorine salts exported from Pakistan were the United Arab Emirates ($X), Germany ($X) and Sri Lanka ($X), with a combined 89% share of total exports.

In terms of the main countries of destination, Sri Lanka, with a CAGR of +6.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average complex fluorine salts export price amounted to $X per ton, surging by 48% against the previous year. In general, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 an increase of 57%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Sri Lanka ($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 Sri Lanka (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.

Complex Fluorine Salts Imports

Imports into Pakistan

In 2021, purchases abroad of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts increased by 94% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports posted a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, complex fluorine salts imports skyrocketed to $X in 2021. In general, imports saw a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and the UK (X tons) were the main suppliers of complex fluorine salts imports to Pakistan, together accounting for 91% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +28.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts to Pakistan, comprising 48% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 16% share of total imports. It was followed by Spain, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+3.7% per year) and Spain (+35.7% per year).

Import Prices by Country

In 2021, the average complex fluorine salts import price amounted to $X per ton, picking up by 34% against the previous year. In general, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, complex fluorine salts import price decreased by -23.2% against 2016 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 38%. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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 Spain ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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