Price for Carbides, Whether or Not Chemically Defined in Pakistan - 2023
Contents:
- Price for Carbides, Whether or Not Chemically Defined in Pakistan (CIF) - 2023
- Price for Carbides, Whether or Not Chemically Defined in Pakistan (FOB) - 2022
- Imports of Carbides, Whether or Not Chemically Defined in Pakistan
- Exports of Carbides, Whether or Not Chemically Defined in Pakistan
Price for Carbides, Whether or Not Chemically Defined in Pakistan (CIF) - 2023
In June 2023, the average import price for carbides, whether or not chemically defineds amounted to $1,081 per ton, reducing by -13% against the previous month. In general, the import price showed a slight decline. The growth pace was the most rapid in March 2023 an increase of 34% month-to-month. Over the period under review, average import prices hit record highs at $1,566 per ton in October 2022; however, from November 2022 to June 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to -1.8% per month.
Price for Carbides, Whether or Not Chemically Defined in Pakistan (FOB) - 2022
The average export price for carbides, whether or not chemically defineds stood at $1,192 per ton in 2022, picking up by 2.2% against the previous year. Over the period under review, the export price recorded a resilient expansion. The pace of growth appeared the most rapid in 2014 an increase of 86% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Afghanistan ($1,210 per ton), while the average price for exports to the United Arab Emirates stood at $1,035 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+12.3%).
Imports of Carbides, Whether or Not Chemically Defined in Pakistan
In 2022, purchases abroad of carbides, whether or not chemically defineds decreased by -31.9% to 7.9K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 5.6%. As a result, imports attained the peak of 12K tons, and then shrank notably in the following year.
In value terms, imports of carbides, whether or not chemically defineds expanded remarkably to $11M in 2022. The total import value increased at an average annual rate of +8.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 15%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Carbides, Whether or Not Chemically Defined in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.4 | 8.5 | 9.7 | 10.5 | 7.7% |
| Others | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Total | 8.6 | 8.6 | 9.9 | 10.8 | 7.9% |
Top Suppliers of Carbides, Whether or Not Chemically Defined to Pakistan in 2022:
- China (7.7K tons)
Exports of Carbides, Whether or Not Chemically Defined in Pakistan
For the third year in a row, Pakistan recorded decline in overseas shipments of carbides, whether or not chemically defineds, which decreased by -4.8% to 3.8 tons in 2022. In general, exports recorded a abrupt shrinkage.
In value terms, exports of carbides, whether or not chemically defineds reduced modestly to $4.6K in 2022. The total export value increased at an average annual rate of +4.3% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 11%. As a result, the exports reached the peak of $4.7K, and then dropped modestly in the following year.
| Export of Carbides, Whether or Not Chemically Defined in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Afghanistan | 3.8 | 3.0 | 4.1 | 4.1 | 2.6% |
| United Arab Emirates | 0.2 | 0.6 | 0.4 | 0.4 | 26.0% |
| Thailand | N/A | 0.6 | N/A | N/A | 0% |
| Singapore | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 4.0 | 4.2 | 4.7 | 4.6 | 4.8% |
Top Export Markets for Carbides, Whether or Not Chemically Defined from Pakistan in 2022:
- Afghanistan (3.4 tons)
- United Arab Emirates (0.4 tons)
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