Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Pakistan - 2023

Contents:

1. Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Pakistan (CIF) - 2023
2. Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Pakistan (FOB) - 2022
3. Imports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Pakistan
4. Exports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Pakistan

Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Pakistan (CIF) - 2023

The average import price for phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses stood at $1,418 per ton in June 2023, picking up by 4.4% against the previous month. Over the period under review, import price indicated a modest expansion from June 2022 to June 2023: its price increased at an average monthly rate of +1.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, import price for phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses increased by +40.3% against April 2023 indices. The most prominent rate of growth was recorded in July 2022 an increase of 53% m-o-m. As a result, import price attained the peak level of $1,846 per ton. From August 2022 to June 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,582 per ton), while the price for Taiwan (Chinese) ($642 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 Germany (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Pakistan (FOB) - 2022

In 2022, the average export price for phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses amounted to $394 per ton, declining by -20.1% against the previous year. In general, the export price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2019 an increase of 50%. Over the period under review, the average export prices attained the maximum at $493 per ton in 2021, and then plummeted in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($1,254 per ton), while the average price for exports to Malaysia totaled $273 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+14.3%).

Imports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Pakistan

After three years of growth, overseas purchases of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses decreased by -15.8% to 28K tons in 2022. In general, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 69% against the previous year. As a result, imports attained the peak of 33K tons, and then reduced dramatically in the following year.

In value terms, imports of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses expanded to $40M in 2022. The total import value increased at an average annual rate of +12.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 24%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates to Pakistan in 2022:

1. China (25.1K tons)
2. Thailand (0.9K tons)
3. Russia (0.5K tons)
4. Tunisia (0.1K tons)

Exports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Pakistan

For the fourth consecutive year, Pakistan recorded growth in shipments abroad of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses, which increased by 52% to 2K tons in 2022. In general, exports posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 217% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses skyrocketed to $785K in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 290%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates from Pakistan in 2022:

1. Malaysia (1751.9 tons)
2. India (216.4 tons)

Source: IndexBox Market Intelligence Platform