Report Update Nov 1, 2024

Pakistan - Rare Earth Metals - Market Analysis, Forecast, Size, Trends and Insights

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Pakistan: Rare Earth Metal Market 2024

Rare Earth Metal Market Size in Pakistan

In 2021, after two years of growth, there was significant decline in the Pakistani rare earth metal market, when its value decreased by -8.7% to $X. In general, consumption, however, continues to indicate significant growth. Over the period under review, the market reached the maximum level at $X in 2020, and then declined in the following year.

Rare Earth Metal Production in Pakistan

In value terms, rare earth metal production declined modestly to $X in 2021 estimated in export price. Overall, production saw a noticeable decrease. The pace of growth was the most pronounced in 2017 with an increase of 15% against the previous year. Rare earth metal production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Rare Earth Metal Exports

Exports from Pakistan

In 2019, exports of rare earth metals from Pakistan totaled X kg, remaining constant against the year before. Overall, exports faced a sharp descent. The smallest decline of 99.9% was in 2013. The exports peaked at X kg in 2012; however, from 2013 to 2019, the exports remained at a lower figure.

In value terms, rare earth metal exports amounted to $X in 2019. Over the period under review, exports recorded a sharp decrease. The smallest decline of 99.9% was in 2013. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2019, the exports failed to regain momentum.

Exports by Country

Canada (X kg) was the main destination for rare earth metal exports from Pakistan, accounting for a approx. 100% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Canada was relatively modest.

From 2012 to 2019, the average annual rate of growth in terms of value to Canada was relatively modest.

Export Prices by Country

In 2019, the average rare earth metal export price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2013 when the average export price decreased by 99.9%. The export price peaked at $X per ton in 2012; however, from 2013 to 2019, the export prices stood at a somewhat lower figure.

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

From 2012 to 2019, the rate of growth in terms of prices for Sudan amounted to 0.0% per year.

Rare Earth Metal Imports

Imports into Pakistan

In 2021, supplies from abroad of rare earth metals decreased by -35.1% to X kg for the first time since 2017, thus ending a three-year rising trend. Overall, imports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2020 when imports increased by 450%. As a result, imports reached the peak of X kg, and then dropped dramatically in the following year.

In value terms, rare earth metal imports totaled $X in 2021. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,101% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X kg) was the main supplier of rare earth metal to Pakistan, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +39.5%.

In value terms, China ($X) constituted the largest supplier of rare earth metals to Pakistan.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +58.2%.

Import Prices by Country

The average rare earth metal import price stood at $X per ton in 2021, with an increase of 54% against the previous year. In general, the import price recorded prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 118%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +12.6% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rare earth metals in the world?

China remains the largest rare earth metal consuming country worldwide, comprising approx. 49% of total volume. Moreover, rare earth metal consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. The third position in this ranking was occupied by Malaysia, with a 12% share.

What are the largest producers of rare earth metals in the world?

The country with the largest volume of rare earth metal production was China, comprising approx. 59% of total volume. Moreover, rare earth metal production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. Myanmar ranked third in terms of total production with a 12% share.

What are the leading suppliers of rare earth metals to Pakistan?

In value terms, China constituted the largest supplier of rare earth metal to Pakistan.

What is the average export price for rare earth metals in Pakistan?

In 2019, the average rare earth metal export price amounted to $15,563 per ton, remaining constant against the previous year.

What is the average import price for rare earth metals in Pakistan?

In 2021, the average rare earth metal import price amounted to $93,674 per ton, approximately equating the previous year.

This report provides an in-depth analysis of the rare earth metal market in Pakistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Pakistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Pakistan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023