Pakistan: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Pakistan

The Pakistani prepared additives for cements market declined slightly to $X in 2022, falling by -1.9% 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, saw a remarkable increase. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Pakistan

In 2022, the amount of prepared additives for cements, mortars or concretes exported from Pakistan dropped notably to X tons, shrinking by -46.7% compared with 2021. Over the period under review, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of 17%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, prepared additives for cements exports shrank markedly to $X in 2022. In general, exports showed a deep reduction. The smallest decline of -4.5% was in 2013. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Ethiopia (X tons) was the main destination for prepared additives for cements exports from Pakistan, with a 70% share of total exports. Moreover, prepared additives for cements exports to Ethiopia exceeded the volume sent to the second major destination, Indonesia (X tons), eightfold. Afghanistan (X tons) ranked third in terms of total exports with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ethiopia totaled +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+12.6% per year) and Afghanistan (-23.7% per year).

In value terms, Ethiopia ($X) remains the key foreign market for prepared additives for cements, mortars or concretes exports from Pakistan, comprising 49% of total exports. The second position in the ranking was held by Kenya ($X), with a 14% share of total exports. It was followed by the United Arab Emirates, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ethiopia stood at +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (-18.6% per year) and the United Arab Emirates (+47.9% per year).

Export Prices by Country

The average prepared additives for cements export price stood at $X per ton in 2022, picking up by 45% against the previous year. In general, the export price showed strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Pakistan

After two years of growth, supplies from abroad of prepared additives for cements, mortars or concretes decreased by -1.6% to X tons in 2022. In general, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 115% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then declined in the following year.

In value terms, prepared additives for cements imports dropped slightly to $X in 2022. Overall, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 90%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest prepared additives for cements supplier to Pakistan, accounting for a 78% share of total imports. Moreover, prepared additives for cements imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold. Vietnam (X tons) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+21.2% per year) and Vietnam (+46.7% per year).

In value terms, China ($X) constituted the largest supplier of prepared additives for cements, mortars or concretes to Pakistan, comprising 77% of total imports. The second position in the ranking was taken by Thailand ($X), with a 3.2% share of total imports. It was followed by Belgium, with a 1.7% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+15.0% per year) and Belgium (+21.9% per year).

Import Prices by Country

The average prepared additives for cements import price stood at $X per ton in 2022, waning by -3.1% against the previous year. In general, the import price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2016 an increase of 53%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bahrain ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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