Pakistan: Market for Phosphorus, Arsenic And Selenium 2024

Market Size for Phosphorus, Arsenic And Selenium in Pakistan

The Pakistani phosphorus, arsenic and selenium market surged to $X in 2021, growing by 46% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a slight shrinkage. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Exports of Phosphorus, Arsenic And Selenium

Exports from Pakistan

For the third year in a row, Pakistan recorded growth in shipments abroad of phosphorus, arsenic and selenium, which increased by 48% to X tons in 2020. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 53%. As a result, the exports attained the peak of X tons. From 2017 to 2020, the growth of the exports remained at a somewhat lower figure.

In value terms, phosphorus, arsenic and selenium exports soared to $X in 2020. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2016 with an increase of 146%. Over the period under review, the exports attained the maximum in 2020 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for phosphorus, arsenic and selenium exports from Pakistan, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to the United States was relatively modest.

In value terms, the United States ($X) emerged as the key foreign market for phosphorus, arsenic and selenium exports from Pakistan.

From 2012 to 2020, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

In 2020, the average phosphorus, arsenic and selenium export price amounted to $X per ton, increasing by 9.4% against the previous year. In general, the export price recorded prominent growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 61%. Over the period under review, the average export prices reached the peak figure in 2020 and is likely to see steady growth in the near future.

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

From 2012 to 2020, the rate of growth in terms of prices for China amounted to +59.1% per year.

Imports of Phosphorus, Arsenic And Selenium

Imports into Pakistan

Phosphorus, arsenic and selenium imports into Pakistan rose notably to X tons in 2021, growing by 12% on 2020. Over the period under review, imports, however, continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2017 with an increase of 66% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, phosphorus, arsenic and selenium imports soared to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 83% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of phosphorus, arsenic and selenium to Pakistan, accounting for a 78% share of total imports. Moreover, phosphorus, arsenic and selenium imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. Japan (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-9.5% per year) and Japan (-15.8% per year).

In value terms, China ($X) constituted the largest supplier of phosphorus, arsenic and selenium to Pakistan, comprising 69% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 13% share of total imports. It was followed by Japan, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+64.5% per year) and Japan (-11.9% per year).

Import Prices by Country

The average phosphorus, arsenic and selenium import price stood at $X per ton in 2021, jumping by 36% against the previous year. In general, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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