Pakistan: Phenols Market 2024

Phenols Market Size in Pakistan

The Pakistani phenols market totaled $X in 2022, picking up by X% against the previous year. In general, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Phenols Production in Pakistan

In value terms, phenols production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Phenols Exports

Exports from Pakistan

Phenols exports from Pakistan fell significantly to X tons in 2022, reducing by X% against the previous year's figure. Overall, exports showed a sharp curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, phenols exports reduced sharply to $X in 2022. In general, exports faced a sharp contraction. The smallest decline of X% was in 2021. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Kuwait (X tons) was the main destination for phenols exports from Pakistan, with a approx. X% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to Kuwait was relatively modest.

In value terms, Kuwait ($X) emerged as the key foreign market for phenols exports from Pakistan.

From 2013 to 2022, the average annual rate of growth in terms of value to Kuwait was relatively modest.

Export Prices by Country

In 2022, the average phenols export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, recorded a pronounced contraction. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2013 to 2022, the rate of growth in terms of prices for Yemen amounted to X% per year.

Phenols Imports

Imports into Pakistan

In 2022, purchases abroad of phenols decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, phenols imports totaled $X in 2022. Over the period under review, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Taiwan (Chinese) (X tons), South Korea (X tons) and China (X tons) were the main suppliers of phenols imports to Pakistan, with a combined X% share of total imports. Saudi Arabia, Russia, Brazil, South Africa and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of phenols to Pakistan, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average phenols import price amounted to $X per ton, picking up by X% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phenols import price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 China ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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