Pakistan: Other Chemical Products Market 2024

Other Chemical Products Market Size in Pakistan

The Pakistani other chemical products market reached $X in 2022, flattening at the previous year. In general, consumption, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2020 with an increase of 5.5%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Other Chemical Products Production in Pakistan

In value terms, other chemical products production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 5.5% against the previous year. Other chemical products production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Other Chemical Products Exports

Exports from Pakistan

In 2022, overseas shipments of other chemical products were finally on the rise to reach X tons after four years of decline. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 22%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, other chemical products exports amounted to $X in 2022. Over the period under review, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 26% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Kenya (X tons) was the main destination for other chemical products exports from Pakistan, with a 57% share of total exports. Moreover, other chemical products exports to Kenya exceeded the volume sent to the second major destination, Bangladesh (X tons), threefold. Sri Lanka (X tons) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume to Kenya stood at +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (-3.4% per year) and Sri Lanka (+9.6% per year).

In value terms, the largest markets for other chemical products exported from Pakistan were Kenya ($X), Bangladesh ($X) and Djibouti ($X), with a combined 71% share of total exports. Afghanistan, Sri Lanka, the Netherlands, Colombia, Tanzania and Mozambique lagged somewhat behind, together accounting for a further 16%.

In terms of the main countries of destination, Afghanistan, with a CAGR of +37.4%, 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 2022, the average other chemical products export price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price, however, showed a deep contraction. The growth pace was the most rapid in 2017 when the average export price increased by 3.3%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Afghanistan ($X per ton), while the average price for exports to Kenya ($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 Afghanistan (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.

Other Chemical Products Imports

Imports into Pakistan

In 2022, supplies from abroad of other chemical products was finally on the rise to reach X tons for the first time since 2014, thus ending a seven-year declining trend. In general, imports, however, showed a sharp curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 29% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, other chemical products imports dropped to $X in 2022. Overall, imports, however, faced a abrupt descent. The growth pace was the most rapid in 2013 with an increase of 16% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of other chemical products to Pakistan, accounting for a 39% share of total imports. Moreover, other chemical products imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fourfold. The third position in this ranking was held by Turkey (X tons), with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-13.8% per year) and Turkey (+10.0% per year).

In value terms, China ($X) constituted the largest supplier of other chemical products to Pakistan, comprising 41% of total imports. The second position in the ranking was taken by India ($X), with a 13% share of total imports. It was followed by the UK, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-15.9% per year) and the UK (-19.6% per year).

Import Prices by Country

The average other chemical products import price stood at $X per ton in 2022, declining by -3.3% against the previous year. In general, the import price, however, showed prominent growth. The most prominent rate of growth was recorded in 2016 an increase of 37%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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