Report Update Nov 1, 2024

Pakistan - Nitrates of Potassium - Market Analysis, Forecast, Size, Trends and Insights

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Pakistan: Potassium Nitrate Market 2024

Potassium Nitrate Market Size in Pakistan

After four years of growth, the Pakistani potassium nitrate market decreased by -0.2% to $X in 2022. Overall, consumption enjoyed a resilient increase. As a result, consumption attained the peak level of $X, leveling off in the following year.

Potassium Nitrate Exports

Exports from Pakistan

In 2022, after six years of growth, there was decline in overseas shipments of potassium nitrates, when their volume decreased by -2.7% to X kg. Overall, exports recorded a deep reduction. The growth pace was the most rapid in 2014 with an increase of 53%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, potassium nitrate exports reduced to $X in 2022. Over the period under review, exports recorded a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 3.9%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X kg) was the main destination for potassium nitrate exports from Pakistan, with a 84% share of total exports. Moreover, potassium nitrate exports to Malaysia exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Malaysia amounted to -11.3%.

In value terms, Malaysia ($X) remains the key foreign market for potassium nitrates exports from Pakistan, comprising 87% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia amounted to -17.2%.

Export Prices by Country

The average potassium nitrate export price stood at $X per ton in 2022, standing approx. at the previous year. In general, the export price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-3.4%).

Potassium Nitrate Imports

Imports into Pakistan

In 2022, imports of potassium nitrates into Pakistan soared to X tons, rising by 29% against 2021. Overall, imports posted a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 92%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, potassium nitrate imports dropped to $X in 2022. Over the period under review, imports recorded a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 117%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

China (X tons), Jordan (X tons) and the Netherlands (X tons) were the main suppliers of potassium nitrate imports to Pakistan, together accounting for 83% of total imports. Chile, Germany, the United Arab Emirates, France, India and Russia lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +36.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Jordan ($X) and France ($X) appeared to be the largest potassium nitrate suppliers to Pakistan, with a combined 71% share of total imports. Chile, the Netherlands, the United Arab Emirates, Germany, Russia and India lagged somewhat behind, together comprising a further 26%.

Chile, with a CAGR of +56.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average potassium nitrate import price stood at $X per ton in 2022, dropping by -30.4% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potassium nitrate import price decreased by -34.7% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 30% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+23.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potassium nitrates in the world?

China remains the largest potassium nitrate consuming country worldwide, comprising approx. 16% of total volume. Moreover, potassium nitrate consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Spain, with a 5.5% share.

What are the largest producers of potassium nitrates in the world?

The countries with the highest volumes of in 2021 were China, Chile and India, with a combined 36% share of global production.

What are the leading suppliers of potassium nitrates to Pakistan?

In value terms, Turkey, Belgium and India appeared to be the largest potassium nitrate suppliers to Pakistan, together comprising 100% of total imports.

What are the leading importers of potassium nitrates from Pakistan?

In value terms, the largest markets for potassium nitrate exported from Pakistan were the United Arab Emirates $264) and the Netherlands $196).

What is the average export price for potassium nitrates in Pakistan?

In 2015, the average potassium nitrate export price amounted to $631 per ton, standing approx. at the previous year.

What is the average import price for potassium nitrates in Pakistan?

In 2021, the average potassium nitrate import price amounted to $930 per ton, with an increase of 3.1% against the previous year.

This report provides an in-depth analysis of the potassium nitrate market in Pakistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 4025 -

Country coverage:

Pakistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Pakistan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023