Report Update Nov 1, 2024

Pakistan - Tall Oil - Market Analysis, Forecast, Size, Trends and Insights

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Pakistan: Tall Oil Market 2024

Tall Oil Market Size in Pakistan

The Pakistani tall oil market reduced markedly to $X in 2021, which is down by -45.1% 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, enjoyed temperate growth. As a result, consumption attained the peak level of $X, and then contracted sharply in the following year.

Tall Oil Exports

Exports from Pakistan

In 2021, approx. X tons of tall oil were exported from Pakistan; surging by 2,711% compared with the previous year. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 6,138% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, tall oil exports skyrocketed to $X in 2021. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 9,143% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Malaysia (X tons) was the main destination for tall oil exports from Pakistan, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia was relatively modest.

In value terms, Malaysia ($X) emerged as the key foreign market for tall oil exports from Pakistan.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia was relatively modest.

Export Prices by Country

In 2021, the average tall oil export price amounted to $X per ton, picking up by 4.6% against the previous year. In general, the export price enjoyed a prominent increase. The pace of growth appeared the most rapid in 2017 an increase of 48%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the rate of growth in terms of prices for Japan amounted to 0.0% per year.

Tall Oil Imports

Imports into Pakistan

Tall oil imports into Pakistan contracted significantly to X tons in 2021, declining by -47.7% on 2020 figures. Over the period under review, imports, however, recorded slight growth. The most prominent rate of growth was recorded in 2017 when imports increased by 337% against the previous year. Imports peaked at X tons in 2020, and then reduced remarkably in the following year.

In value terms, tall oil imports dropped markedly to $X in 2021. Overall, imports, however, posted a measured increase. The pace of growth appeared the most rapid in 2020 when imports increased by 263%. As a result, imports reached the peak of $X, and then shrank markedly in the following year.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest tall oil supplier to Pakistan, with a 50% share of total imports. Moreover, tall oil imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-7.1% per year) and the United States (-6.5% per year).

In value terms, the UK ($X), the United Arab Emirates ($X) and the United States ($X) appeared to be the largest tall oil suppliers to Pakistan, with a combined 87% share of total imports. These countries were followed by China and Sweden, which together accounted for a further 13%.

Among the main suppliers, China, with a CAGR of +26.0%, saw the highest rates of growth with regard to 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 tall oil import price stood at $X per ton in 2021, with an increase of 9.9% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, tall oil import price increased by +30.6% against 2019 indices. The growth pace was the most rapid in 2013 when the average import price increased by 43% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+29.7%), 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 tall oil in the world?

The countries with the highest volumes of tall oil consumption in 2021 were China, the United States and India, with a combined 48% share of global consumption. These countries were followed by Japan, Germany, Russia, Nigeria, Brazil, the UK, Canada and Turkey, which together accounted for a further 27%.

What are the largest producers of tall oil in the world?

The countries with the highest volumes of tall oil production in 2021 were China, the United States and India, with a combined 48% share of global production. These countries were followed by Japan, Russia, Germany, Brazil, Nigeria, the UK, Canada and Turkey, which together accounted for a further 27%.

What are the leading suppliers of tall oil to Pakistan?

In value terms, the UK constituted the largest supplier of tall oil to Pakistan, comprising 64% of total imports. The second position in the ranking was occupied by the United States, with an 18% share of total imports. It was followed by the United Arab Emirates, with a 9.2% share.

What is the average export price for tall oil in Pakistan?

In 2021, the average tall oil export price amounted to $6,317 per ton, surging by 9.3% against the previous year.

What is the average import price for tall oil in Pakistan?

The average tall oil import price stood at $1,682 per ton in 2021, picking up by 61% against the previous year.

This report provides an in-depth analysis of the tall oil 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 20147130 - Tall oil, whether or not refined

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