Pakistan: Market for Nitric Acid And Sulphonitric Acids 2025

Market Size for Nitric Acid And Sulphonitric Acids in Pakistan

In 2021, the Pakistani nitric and sulphonitric acids market decreased by -5.2% to $X, falling for the second year in a row after three years of growth. Overall, consumption recorded a noticeable decline. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Nitric Acid And Sulphonitric Acids

Exports from Pakistan

For the eighth year in a row, Pakistan recorded growth in overseas shipments of nitric acid and sulphonitric acids, which increased by 2.7% to X tons in 2021. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 56% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, nitric and sulphonitric acids exports shrank slightly to $X in 2021. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 60% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for nitric and sulphonitric acids exports from Pakistan, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Afghanistan stood at +46.8%.

In value terms, Afghanistan ($X) also remains the key foreign market for nitric acid and sulphonitric acids exports from Pakistan.

From 2012 to 2021, the average annual growth rate of value to Afghanistan amounted to +54.9%.

Export Prices by Country

The average nitric and sulphonitric acids export price stood at $X per ton in 2021, falling by -3.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2013 when the average export price increased by 35% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Afghanistan amounted to +5.5% per year.

Imports of Nitric Acid And Sulphonitric Acids

Imports into Pakistan

In 2021, supplies from abroad of nitric acid and sulphonitric acids decreased by -17.6% to X tons, falling for the third consecutive year after three years of growth. Overall, imports showed a slight decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 26% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, nitric and sulphonitric acids imports expanded modestly to $X in 2021. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 23% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

South Korea (X tons), the Netherlands (X tons) and India (X tons) were the main suppliers of nitric and sulphonitric acids imports to Pakistan, together comprising 80% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +83.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest nitric and sulphonitric acids suppliers to Pakistan were South Korea ($X), the Netherlands ($X) and India ($X), together accounting for 82% of total imports.

The Netherlands, with a CAGR of +89.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average nitric and sulphonitric acids import price amounted to $X per ton, surging by 24% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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