Selenium Price in Pakistan - 2023

Contents:

  1. Selenium Price in Pakistan (CIF) - 2022
  2. Selenium Price in Pakistan (FOB) - 2022
  3. Selenium Imports in Pakistan
  4. Selenium Exports in Pakistan

Selenium Price in Pakistan (CIF) - 2022

In 2022, the average selenium import price amounted to $4,443 per ton, approximately mirroring the previous year. In general, the import price, however, showed pronounced growth. The pace of growth was the most pronounced in 2014 when the average import price increased by 42% against the previous year. Over the period under review, average import prices hit record highs at $6,944 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 Japan ($6,164 per ton), while the price for Germany ($3,442 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Selenium Price in Pakistan (FOB) - 2022

The average selenium export price stood at $10,363 per ton in 2020, picking up by 9.7% against the previous year. Overall, the export price recorded a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2020, the rate of growth in terms of prices for China amounted to +9.7% per year.

Selenium Imports in Pakistan

In 2022, approx. 161 tons of selenia were imported into Pakistan; waning by -12.8% against 2021 figures. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 19%.

In value terms, selenium imports reduced to $713K in 2022. Overall, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 64%.

Import of Selenium in Pakistan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hong Kong SAR52.211022428375.7%
South Korea39825.5101163-25.7%
China275248365142-19.8%
Japan29410711479.3-35.4%
Germany2.61.09.923.8109.2%
BelgiumN/A0.10.515.81157.0%
Others9.97.85.95.9-15.8%
Total1,031499820713-11.6%

Top Suppliers of Selenium to Pakistan in 2022:

  1. Hong Kong SAR (57.7 tons)
  2. South Korea (45.9 tons)
  3. China (33.1 tons)
  4. Japan (12.9 tons)
  5. Germany (6.9 tons)
  6. Belgium (2.9 tons)

Selenium Exports in Pakistan

Selenium exports from Pakistan soared to 7.9 tons in 2020, growing by 57% compared with the year before. In general, total exports indicated a significant increase from 2019 to 2020: its volume increased at an average annual rate of +56.6% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, selenium exports skyrocketed to $82K in 2020. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Selenium in Pakistan (Thousand USD)
COUNTRY20192020CAGR,
2019-2020
United StatesN/A81.80%
China47.7N/A0%
OthersN/AN/A0%
Total47.781.871.5%

Top Export Markets for Selenium from Pakistan in 2022:

  1. United States (7.9 tons)

Source: IndexBox Market Intelligence Platform

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