Pakistan: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Pakistan

The Pakistani market for polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021, picking up by 24% 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). In general, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +9.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +34.4% against 2019 indices. Consumption of peaked in 2021 and is expected to retain growth in years to come.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Pakistan

In 2021, after two years of growth, there was significant decline in overseas shipments of polyethylene with a specific gravity of less than X, in primary forms, when their volume decreased by -79.5% to X tons. Over the period under review, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 2,989% against the previous year. As a result, the exports attained the peak of X tons, and then fell significantly in the following year.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms fell sharply to $X in 2021. In general, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,183% against the previous year. As a result, the exports attained the peak of $X, and then reduced remarkably in the following year.

Exports by Country

Bangladesh (X tons), Vietnam (X tons) and China (X tons) were the main destinations of exports of polyethylene with a specific gravity of less than X, in primary forms from Pakistan, with a combined 76% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +3,228.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene with a specific gravity of less than X exported from Pakistan were Bangladesh ($X), China ($X) and Vietnam ($X), with a combined 73% share of total exports.

In terms of the main countries of destination, Bangladesh, with a CAGR of +2,465.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, declining by -25% against the previous year. Overall, the export price, however, recorded modest growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 103% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United Arab Emirates ($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 China (+4.2%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Pakistan

In 2021, after nine years of growth, there was significant decline in supplies from abroad of polyethylene with a specific gravity of less than X, in primary forms, when their volume decreased by -7% to X tons. Overall, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 25%. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +46.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest supplier of polyethylene with a specific gravity of less than X to Pakistan, accounting for a 50% share of total imports. Moreover, imports of polyethylene with a specific gravity of less than X, in primary forms from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Qatar (X tons), threefold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Saudi Arabia stood at +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (+8.3% per year) and the United Arab Emirates (+18.7% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of polyethylene with a specific gravity of less than X, in primary forms to Pakistan, comprising 48% of total imports. The second position in the ranking was taken by Qatar ($X), with a 17% share of total imports. It was followed by the United Arab Emirates, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Saudi Arabia totaled +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (+7.8% per year) and the United Arab Emirates (+17.5% per year).

Import Prices by Country

In 2021, the average import price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, rising by 53% against the previous year. Overall, the import price, however, saw a slight decrease. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were China ($X per ton) and Belgium ($X per ton), while the price for Kuwait ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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