Pakistan: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Pakistan

The Pakistani phosphinates and phosphonates market reduced modestly to $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Phosphinates and phosphonates consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Phosphinates And Phosphonates Production in Pakistan

In value terms, phosphinates and phosphonates production contracted to $X in 2022 estimated in export price. Overall, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 -1.0% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 29% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Phosphinates And Phosphonates Exports

Exports from Pakistan

In 2022, shipments abroad of phosphinates (hypophosphites) and phosphonates (phosphites) increased by 11% to X tons, rising for the third year in a row after two years of decline. Overall, exports posted a resilient expansion. The pace of growth was the most pronounced in 2020 when exports increased by 436% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, phosphinates and phosphonates exports reduced to $X in 2022. In general, exports showed a remarkable increase. The growth pace was the most rapid in 2020 when exports increased by 446% against the previous year. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Malaysia (X tons) was the main destination for phosphinates and phosphonates exports from Pakistan, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Malaysia amounted to +5.6%.

In value terms, Malaysia ($X) emerged as the key foreign market for phosphinates (hypophosphites) and phosphonates (phosphites) exports from Pakistan.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia amounted to +6.5%.

Export Prices by Country

In 2022, the average phosphinates and phosphonates export price amounted to $X per ton, shrinking by -20.7% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 53%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, 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 Malaysia.

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +0.8% per year.

Phosphinates And Phosphonates Imports

Imports into Pakistan

In 2022, supplies from abroad of phosphinates (hypophosphites) and phosphonates (phosphites) decreased by -21.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 215%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, phosphinates and phosphonates imports fell to $X in 2022. Overall, imports, however, saw notable growth. The most prominent rate of growth was recorded in 2013 when imports increased by 157% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons), China (X tons) and the United States (X tons) were the main suppliers of phosphinates and phosphonates imports to Pakistan, with a combined 93% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +58.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), China ($X) and the United States ($X) constituted the largest phosphinates and phosphonates suppliers to Pakistan, with a combined 92% share of total imports.

Among the main suppliers, Saudi Arabia, with a CAGR of +64.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average phosphinates and phosphonates import price amounted to $X per ton, growing by 13% against the previous year. Over the period under review, the import price continues to indicate strong growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 68%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

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 Belgium ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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