Pakistan: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Pakistan

The Pakistani ferro-cerium and pyrophoric alloys market expanded remarkably to $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Ferro-cerium and pyrophoric alloys consumption peaked at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

Production of Ferro-Cerium And Pyrophoric Alloys in Pakistan

In value terms, ferro-cerium and pyrophoric alloys production expanded markedly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2023, production stood at a somewhat lower figure.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Pakistan

In 2023, overseas shipments of ferro-cerium and pyrophoric alloys decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2022, and then dropped dramatically in the following year.

In value terms, ferro-cerium and pyrophoric alloys exports reduced sharply to $X in 2023. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at $X in 2022, and then fell remarkably in the following year.

Exports by Country

South Africa (X tons) was the main destination for ferro-cerium and pyrophoric alloys exports from Pakistan, with a approx. X% share of total exports.

From 2013 to 2023, the average annual growth rate of volume to South Africa was relatively modest.

In value terms, South Africa ($X) emerged as the key foreign market for ferro-cerium and pyrophoric alloys exports from Pakistan.

From 2013 to 2023, the average annual rate of growth in terms of value to South Africa was relatively modest.

Export Prices by Country

The average ferro-cerium and pyrophoric alloys export price stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, export price indicated a strong increase from 2013 to 2023: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ferro-cerium and pyrophoric alloys export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2022, and then reduced in the following year.

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

From 2013 to 2023, the rate of growth in terms of prices for Saudi Arabia amounted to X% per year.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Pakistan

In 2023, imports of ferro-cerium and pyrophoric alloys into Pakistan expanded sharply to X tons, surging by X% compared with 2022 figures. In general, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys imports reduced to $X in 2023. Overall, imports continue to indicate strong growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Spain (X tons) constituted the largest ferro-cerium and pyrophoric alloys supplier to Pakistan, accounting for a X% share of total imports. Moreover, ferro-cerium and pyrophoric alloys imports from Spain exceeded the figures recorded by the second-largest supplier, Denmark (X tons), fourfold. The third position in this ranking was held by the UK (X tons), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and the UK (X% per year).

In value terms, Spain ($X) constituted the largest supplier of ferro-cerium and pyrophoric alloys to Pakistan, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Denmark (X% per year).

Import Prices by Country

In 2023, the average ferro-cerium and pyrophoric alloys import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2023, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform