Pakistan: Market for Oxides Of Boron and Boric Acids 2024

Market Size for Oxides Of Boron and Boric Acids in Pakistan

For the third year in a row, the Pakistani market for oxides of boron and boric acids recorded growth in sales value, which increased by 33% to $X in 2021. Overall, consumption enjoyed prominent growth. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Exports of Oxides Of Boron and Boric Acids

Exports from Pakistan

In 2021, the amount of oxides of boron and boric acids exported from Pakistan surged to X tons, jumping by 280% against the previous year's figure. Overall, exports, however, showed a deep contraction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, boron oxide and boric acid exports soared to $X in 2021. Over the period under review, exports, however, saw a noticeable reduction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Tanzania (X tons) was the main destination for boron oxide and boric acid exports from Pakistan, with a 78% share of total exports. Moreover, boron oxide and boric acid exports to Tanzania exceeded the volume sent to the second major destination, Djibouti (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to Tanzania amounted to +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Djibouti (-3.6% per year) and Senegal (+323.7% per year).

In value terms, Tanzania ($X) emerged as the key foreign market for oxides of boron and boric acids exports from Pakistan, comprising 81% of total exports. The second position in the ranking was held by Senegal ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Tanzania totaled +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+248.0% per year) and Djibouti (-3.5% per year).

Export Prices by Country

In 2021, the average export price for oxides of boron and boric acids amounted to $X per ton, increasing by 63% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.6% 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 2016 when the average export price increased by 67%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Senegal ($X per ton), while the average price for exports to Djibouti ($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 Kenya (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Oxides Of Boron and Boric Acids

Imports into Pakistan

In 2021, the amount of oxides of boron and boric acids imported into Pakistan skyrocketed to X tons, surging by 37% against the year before. In general, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of 66% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, boron oxide and boric acid imports soared to $X in 2021. Overall, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 60% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Turkey (X tons) constituted the largest boron oxide and boric acid supplier to Pakistan, accounting for a 48% share of total imports. Moreover, boron oxide and boric acid imports from Turkey exceeded the figures recorded by the second-largest supplier, Peru (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at +19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+80.1% per year) and the United States (+1.7% per year).

In value terms, Turkey ($X) constituted the largest supplier of oxides of boron and boric acids to Pakistan, comprising 48% of total imports. The second position in the ranking was held by Peru ($X), with a 20% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+70.6% per year) and the United States (-1.4% per year).

Import Prices by Country

The average import price for oxides of boron and boric acids stood at $X per ton in 2021, dropping by -3.2% against the previous year. Over the period under review, the import price recorded a perceptible decline. The growth pace was the most rapid in 2018 an increase of 8.8%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Peru ($X per ton) and Turkey ($X per ton), while the price for Chile ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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