Pakistan: Natural Polymers Market 2024

Natural Polymers Market Size in Pakistan

The Pakistani natural polymers market expanded remarkably to $X in 2021, growing by 6.2% 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, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +11.5% against 2019 indices. Natural polymers consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Natural Polymers Exports

Exports from Pakistan

Natural polymers exports from Pakistan dropped dramatically to X tons in 2021, which is down by -16.6% on the year before. Over the period under review, exports saw a dramatic curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by 40%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, natural polymers exports declined to $X in 2021. In general, exports faced a significant contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 35% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Poland (X tons) was the main destination for natural polymers exports from Pakistan, accounting for a 87% share of total exports. Moreover, natural polymers exports to Poland exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland amounted to -23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+4.3% per year) and Morocco (-23.0% per year).

In value terms, Poland ($X) remains the key foreign market for natural and modified natural polymers in primary forms exports from Pakistan, comprising 79% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Poland stood at -23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+0.1% per year) and Morocco (-35.7% per year).

Export Prices by Country

In 2021, the average natural polymers export price amounted to $X per ton, picking up by 2.3% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 29%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Morocco ($X per ton), while the average price for exports to Poland ($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 Poland (-0.3%), while the prices for the other major destinations experienced a decline.

Natural Polymers Imports

Imports into Pakistan

In 2021, the amount of natural and modified natural polymers in primary forms imported into Pakistan reached X tons, with an increase of 14% on the year before. In general, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 40% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, natural polymers imports stood at $X in 2021. Over the period under review, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +15.4% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by 30% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of natural polymers to Pakistan, accounting for a 78% share of total imports. Moreover, natural polymers imports from China exceeded the figures recorded by the second-largest supplier, Norway (X tons), sevenfold. The third position in this ranking was taken by Austria (X tons), with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+10.8% per year) and Austria (+12.2% per year).

In value terms, China ($X) constituted the largest supplier of natural and modified natural polymers in primary forms to Pakistan, comprising 77% of total imports. The second position in the ranking was taken by Norway ($X), with an 11% share of total imports. It was followed by Austria, with a 3% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+8.4% per year) and Austria (+14.5% per year).

Import Prices by Country

In 2021, the average natural polymers import price amounted to $X per ton, with a decrease of -10.4% against the previous year. In general, the import price showed a slight slump. The pace of growth was the most pronounced in 2013 an increase of 25%. The import price peaked 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 ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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