Pakistan: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2024

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Pakistan

The Pakistani magnesium hydroxide and peroxide market soared to $X in 2022, increasing by 19% 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). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Magnesium hydroxide and peroxide consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports from Pakistan

In 2022, overseas shipments of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium decreased by -37.1% to X kg, falling for the fifth consecutive year after three years of growth. In general, exports saw a sharp curtailment. The pace of growth was the most pronounced in 2015 with an increase of 574%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, magnesium hydroxide and peroxide exports reduced rapidly to $X in 2022. Overall, exports saw a abrupt downturn. The growth pace was the most rapid in 2015 with an increase of 547% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Afghanistan (X kg) was the main destination for magnesium hydroxide and peroxide exports from Pakistan, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Afghanistan stood at -23.6%.

In value terms, Afghanistan ($X) also remains the key foreign market for hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium exports from Pakistan.

From 2012 to 2022, the average annual growth rate of value to Afghanistan totaled -15.2%.

Export Prices by Country

In 2022, the average magnesium hydroxide and peroxide export price amounted to $X per ton, increasing by 4% against the previous year. In general, the export price saw a resilient increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 125%. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Afghanistan amounted to +10.9% per year.

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports into Pakistan

In 2022, magnesium hydroxide and peroxide imports into Pakistan soared to X tons, rising by 53% compared with the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 67%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, magnesium hydroxide and peroxide imports stood at $X in 2022. In general, imports, however, continue to indicate a mild slump. The most prominent rate of growth was recorded in 2018 when imports increased by 30%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest magnesium hydroxide and peroxide supplier to Pakistan, accounting for a 74% share of total imports. Moreover, magnesium hydroxide and peroxide imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Japan (X tons), with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+29.1% per year) and Japan (-12.9% per year).

In value terms, India ($X) constituted the largest supplier of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium to Pakistan, comprising 63% of total imports. The second position in the ranking was held by China ($X), with a 26% share of total imports. It was followed by Japan, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value from India stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+39.5% per year) and Japan (-8.9% per year).

Import Prices by Country

The average magnesium hydroxide and peroxide import price stood at $X per ton in 2022, declining by -34.7% against the previous year. Overall, the import price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2013 an increase of 51% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 Japan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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