Pakistan: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Pakistan

The Pakistani reaction initiators and accelerators market amounted to $X in 2022, surging by 6.6% against the previous year. Over the period under review, consumption continues to indicate a strong expansion. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Pakistan

In value terms, reaction initiators and accelerators production rose to $X in 2022 estimated in export price. In general, production showed a buoyant expansion. The growth pace was the most rapid in 2014 when the production volume increased by 66%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Pakistan

In 2022, shipments abroad of reaction initiators, reaction accelerators and catalytic preparations decreased by -48.6% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 528%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank notably in the following year.

In value terms, reaction initiators and accelerators exports contracted notably to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2014 when exports increased by 2,202% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced markedly in the following year.

Exports by Country

Germany (X tons) was the main destination for reaction initiators and accelerators exports from Pakistan, accounting for a 95% share of total exports. Moreover, reaction initiators and accelerators exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +71.4%.

In value terms, Germany ($X) remains the key foreign market for reaction initiators, reaction accelerators and catalytic preparations exports from Pakistan, comprising 91% of total exports. The second position in the ranking was taken by Belgium ($X), with a 9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +59.6%.

Export Prices by Country

The average reaction initiators and accelerators export price stood at $X per ton in 2022, declining by -20.1% against the previous year. Overall, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 267% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-0.0%), while the prices for the other major destinations experienced a decline.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Pakistan

In 2022, after four years of decline, there was significant growth in overseas purchases of reaction initiators, reaction accelerators and catalytic preparations, when their volume increased by 132% to X tons. Over the period under review, imports enjoyed measured growth. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, reaction initiators and accelerators imports soared to $X in 2022. In general, imports showed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest reaction initiators and accelerators supplier to Pakistan, with a 34% share of total imports. Moreover, reaction initiators and accelerators imports from China exceeded the figures recorded by the second-largest supplier, Denmark (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-8.1% per year) and Italy (+7.4% per year).

In value terms, the largest reaction initiators and accelerators suppliers to Pakistan were China ($X), Denmark ($X) and the United States ($X), together accounting for 64% of total imports. Italy, the Netherlands, Germany, Belgium, Switzerland and the UK lagged somewhat behind, together accounting for a further 25%.

The Netherlands, with a CAGR of +32.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average reaction initiators and accelerators import price amounted to $X per ton, rising by 15% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, reaction initiators and accelerators import price increased by +70.4% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 34% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :