Salts; Molybdates Price in Pakistan - 2023
Contents:
Salts; Molybdates Price in Pakistan (CIF) - 2022
The average salts; molybdates import price stood at $5,057 per ton in 2022, jumping by 95% against the previous year. In general, the import price, however, recorded a slight reduction. Over the period under review, average import prices attained the peak figure at $7,976 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($7,554 per ton), while the price for Belgium ($1,834 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Salts; Molybdates Imports in Pakistan
In 2022, the amount of salts; molybdateses imported into Pakistan contracted remarkably to 20 tons, shrinking by -71.8% on 2021 figures. In general, imports faced a dramatic downturn. The smallest decline of -5.3% was in 2020.
In value terms, salts; molybdates imports declined rapidly to $99K in 2022. Overall, imports saw a sharp setback. The pace of growth was the most pronounced in 2020 when imports increased by 34%. As a result, imports reached the peak of $398K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Salts; Molybdates in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 246 | 249 | 64.3 | 68.8 | -34.6% |
| United States | 5.9 | 17.8 | 0.3 | 9.8 | 18.4% |
| China | 27.4 | 90.3 | 83.6 | 6.3 | -38.7% |
| United Arab Emirates | 2.9 | 0.9 | 9.0 | 4.1 | 12.2% |
| Belgium | 0.9 | 5.1 | 5.3 | 2.4 | 38.7% |
| Netherlands | 2.1 | 5.3 | 3.2 | 1.5 | -10.6% |
| India | 2.4 | 3.2 | 3.2 | 1.5 | -14.5% |
| Others | 8.8 | 25.8 | 10.2 | 4.4 | -20.6% |
| Total | 296 | 398 | 179 | 98.8 | -30.6% |
Top Suppliers of Salts; Molybdates to Pakistan in 2022:
- Singapore (13.1 tons)
- China (1.4 tons)
- United States (1.3 tons)
- Belgium (1.3 tons)
- United Arab Emirates (0.7 tons)
- India (0.5 tons)
- Netherlands (0.4 tons)
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