Price for Mineral Substances Not Elsewhere Specified or Included in Pakistan - 2023
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in Pakistan (CIF) - 2023
- Price for Mineral Substances Not Elsewhere Specified or Included in Pakistan (FOB) - 2022
- Imports of Mineral Substances Not Elsewhere Specified or Included in Pakistan
- Exports of Mineral Substances Not Elsewhere Specified or Included in Pakistan
Price for Mineral Substances Not Elsewhere Specified or Included in Pakistan (CIF) - 2023
The average import price for mineral substances not elsewhere specified or includeds stood at $875 per ton in June 2023, with a decrease of -25.6% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 169% m-o-m. As a result, import price reached the peak level of $1,791 per ton. From December 2022 to June 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Spain ($2,825 per ton), while the price for Cyprus ($372 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mineral Substances Not Elsewhere Specified or Included in Pakistan (FOB) - 2022
The average export price for mineral substances not elsewhere specified or includeds stood at $194 per ton in 2022, waning by -27% against the previous year. Over the period under review, the export price, however, continues to indicate resilient growth. The growth pace was the most rapid in 2015 an increase of 170%. Over the period under review, the average export prices reached the maximum at $266 per ton in 2021, and then reduced notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($424 per ton), while the average price for exports to Australia ($97 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 the Netherlands (+27.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Mineral Substances Not Elsewhere Specified or Included in Pakistan
Imports of mineral substances not elsewhere specified or includeds into Pakistan skyrocketed to 12K tons in 2022, growing by 34% on the previous year. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +19.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 37%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of mineral substances not elsewhere specified or includeds fell modestly to $9.4M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. As a result, imports reached the peak of $9.6M, and then shrank in the following year.
| Import of Mineral Substances Not Elsewhere Specified or Included in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.7 | 0.8 | 2.2 | 3.3 | 67.7% |
| Malaysia | 2.3 | 2.4 | 3.0 | 1.8 | -7.8% |
| Taiwan (Chinese) | 0.1 | N/A | N/A | 1.0 | 115.4% |
| Thailand | 0.5 | 0.8 | 1.2 | 1.0 | 26.0% |
| Cyprus | 0.5 | 0.3 | 0.5 | 0.6 | 6.3% |
| Germany | 0.8 | 1.1 | 0.7 | 0.4 | -20.6% |
| Italy | 1.4 | 0.9 | 0.6 | 0.3 | -40.2% |
| Vietnam | 0.3 | 0.2 | 0.5 | 0.3 | 0.0% |
| Others | 0.2 | 0.8 | 0.9 | 0.7 | 51.8% |
| Total | 6.7 | 7.4 | 9.6 | 9.4 | 11.9% |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to Pakistan in 2022:
- China (6.4K tons)
- Cyprus (1.4K tons)
- Malaysia (1.3K tons)
- Thailand (0.9K tons)
- Taiwan (Chinese) (0.7K tons)
- Germany (0.3K tons)
- Italy (0.2K tons)
- Vietnam (0.2K tons)
Exports of Mineral Substances Not Elsewhere Specified or Included in Pakistan
Exports of mineral substances not elsewhere specified or includeds from Pakistan surged to 1.2K tons in 2022, with an increase of 6,283% compared with the previous year. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of mineral substances not elsewhere specified or includeds skyrocketed to $230K in 2022. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Mineral Substances Not Elsewhere Specified or Included in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 4.7 | N/A | 186 | 529.1% |
| Australia | N/A | N/A | N/A | 29.0 | 0% |
| Netherlands | N/A | N/A | 2.8 | 9.8 | 250.0% |
| United Arab Emirates | 2.3 | N/A | N/A | N/A | 0% |
| Others | 0.6 | 2.3 | 2.2 | 5.0 | 102.7% |
| Total | 2.9 | 7.1 | 4.9 | 230 | 329.6% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from Pakistan in 2022:
- China (846.0 tons)
- Australia (300.0 tons)
- Netherlands (23.0 tons)
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