Report Update Nov 1, 2024

Pakistan - Silicones (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights

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Pakistan: Silicone Market 2024

Silicone Market Size in Pakistan

In 2021, the Pakistani silicone market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption enjoyed a remarkable increase. Silicone consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Silicone Exports

Exports from Pakistan

In 2021, the amount of silicones (in primary forms) exported from Pakistan surged to X tons, increasing by 53% on 2020 figures. Over the period under review, exports, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by 127%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, silicone exports skyrocketed to $X in 2021. In general, exports, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2014 with an increase of 124% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Bahrain (X tons) was the main destination for silicone exports from Pakistan, with a 46% share of total exports. Moreover, silicone exports to Bahrain exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. The third position in this ranking was held by Spain (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bahrain stood at +55.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+18.7% per year) and Spain (-6.4% per year).

In value terms, Bahrain ($X) remains the key foreign market for silicones (in primary forms) exports from Pakistan, comprising 43% of total exports. The second position in the ranking was taken by Spain ($X), with a 16% share of total exports. It was followed by the United Arab Emirates, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bahrain totaled +48.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-3.2% per year) and the United Arab Emirates (+22.9% per year).

Export Prices by Country

The average silicone export price stood at $X per ton in 2021, with a decrease of -2% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 38%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to the United States ($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 Bangladesh (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Silicone Imports

Imports into Pakistan

In 2021, supplies from abroad of silicones (in primary forms) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports saw prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of 37%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, silicone imports surged to $X in 2021. In general, imports showed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of silicone to Pakistan, with a 56% share of total imports. Moreover, silicone imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +36.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.6% per year) and Turkey (+9.9% per year).

In value terms, China ($X), Germany ($X) and Turkey ($X) constituted the largest silicone suppliers to Pakistan, together comprising 86% of total imports.

Among the main suppliers, China, with a CAGR of +38.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average silicone import price stood at $X per ton in 2021, picking up by 11% against the previous year. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for silicones (in primary forms) in the world?

The countries with the highest volumes of in 2021 were Germany, China and the United States, together accounting for 36% of global consumption. These countries were followed by South Korea, India, Japan, Turkey, the UK, Indonesia, Brazil, Mexico, Belgium and Italy, which together accounted for a further 39%.

What are the largest producers of silicones (in primary forms) in the world?

The countries with the highest volumes of in 2021 were China, Germany and the United States, together comprising 51% of global production. Japan, South Korea, India, the UK, Turkey, Indonesia, Thailand, Brazil, Mexico and Ecuador lagged somewhat behind, together accounting for a further 38%.

What are the leading suppliers of silicones (in primary forms) to Pakistan?

In value terms, the largest silicone suppliers to Pakistan were China, Germany and Turkey, with a combined 87% share of total imports.

What are the leading importers of silicones (in primary forms) from Pakistan?

In value terms, Bahrain remains the key foreign market for silicone exports from Pakistan, comprising 52% of total exports. The second position in the ranking was occupied by Spain, with a 19% share of total exports. It was followed by Bangladesh, with a 12% share.

What is the average export price for silicones (in primary forms) in Pakistan?

In 2021, the average silicone export price amounted to $3,285 per ton, surging by 1.8% against the previous year.

What is the average import price for silicones (in primary forms) in Pakistan?

The average silicone import price stood at $3,377 per ton in 2021, surging by 12% against the previous year.

This report provides an in-depth analysis of the silicone 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:

Prodcom 20165700 - Silicones, in primary forms

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