Pakistan - Synthetic Rubber - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSynthetic Rubber Price in Pakistan - 2023
Contents:
- Synthetic Rubber Price in Pakistan (CIF) - 2023
- Synthetic Rubber Price in Pakistan (FOB) - 2022
- Synthetic Rubber Imports in Pakistan
- Synthetic Rubber Exports in Pakistan
Synthetic Rubber Price in Pakistan (CIF) - 2023
The average synthetic rubber import price stood at $1,081 per ton in February 2023, shrinking by -6.1% against the previous month. Overall, the import price showed a pronounced setback. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 17% month-to-month. As a result, import price reached the peak level of $2,108 per ton. From October 2022 to February 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was the United States ($1,724 per ton), while the price for Iran ($514 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by the United States (+0.8%), while the prices for the other major suppliers experienced a decline.
Synthetic Rubber Price in Pakistan (FOB) - 2022
In 2021, the average synthetic rubber export price amounted to $1,311 per ton, which is down by -54.7% against the previous year. Over the period under review, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2015 an increase of 703% against the previous year. As a result, the export price reached the peak level of $8,704 per ton. From 2016 to 2021, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($1,535 per ton), while the average price for exports to Afghanistan totaled $688 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.
Synthetic Rubber Imports in Pakistan
In 2022, overseas purchases of synthetic rubber decreased by -8% to 67K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.7% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 29%.
In value terms, synthetic rubber imports declined to $113M in 2022. The total import value increased at an average annual rate of +6.8% 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 when imports increased by 33%. As a result, imports reached the peak of $129M, and then declined in the following year.
| Import of Synthetic Rubber in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Russia | 20.5 | 31.0 | 33.8 | 28.4% | |
| China | 6.4 | 6.8 | 22.1 | 85.8% | |
| Taiwan (Chinese) | 7.5 | 9.7 | 16.4 | 47.9% | |
| South Korea | 14.6 | 15.8 | 10.0 | -17.2% | |
| Netherlands | 3.0 | 5.4 | 7.5 | 58.1% | |
| Italy | 1.0 | 1.2 | 5.3 | 130.2% | |
| Japan | 5.5 | 4.4 | 5.1 | -3.7% | |
| United Arab Emirates | 1.5 | 1.1 | 4.3 | 69.3% | |
| Iran | 2.7 | 3.0 | 3.4 | 12.2% | |
| Germany | 0.7 | 2.1 | 3.4 | 120.4% | |
| Indonesia | 0.7 | 3.8 | 2.6 | 92.7% | |
| Belgium | 5.1 | 4.4 | 2.3 | -32.8% | |
| Saudi Arabia | 1.0 | 0.4 | 2.2 | 48.3% | |
| Others | 22.5 | 7.9 | 10.6 | -31.4% | |
| Total | 92.8 | 97.1 | 129 | 17.9% | |
Top Suppliers of Synthetic Rubber to Pakistan in 2022:
- Russia (18.0K tons)
- China (11.6K tons)
- Taiwan (Chinese) (10.6K tons)
- Netherlands (7.4K tons)
- South Korea (4.5K tons)
- United Arab Emirates (2.4K tons)
- Iran (2.2K tons)
- Italy (2.1K tons)
- Japan (2.0K tons)
- Belgium (2.0K tons)
- Indonesia (1.9K tons)
- Saudi Arabia (1.7K tons)
- Germany (1.6K tons)
Synthetic Rubber Exports in Pakistan
In 2022, the amount of synthetic rubber exported from Pakistan reached 59 tons, growing by 4.1% on 2021 figures. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +24.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 99%. As a result, the exports attained the peak of 61 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, synthetic rubber exports surged to $126K in 2022. In general, exports showed noticeable growth.
| Export of Synthetic Rubber in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Oman | N/A | N/A | 64.0 | 0% | |
| Afghanistan | N/A | N/A | 10.3 | 0% | |
| Sri Lanka | N/A | 94.8 | N/A | 0% | |
| Germany | N/A | 315 | N/A | 0% | |
| United Arab Emirates | 136 | 20.9 | N/A | -84.6% | |
| Bangladesh | N/A | 55.7 | N/A | 0% | |
| Saudi Arabia | 361 | N/A | N/A | 0% | |
| Others | -380.2 | -309.4 | N/A | -18.6% | |
| Total | 117 | 177 | 74.3 | -20.3% | |
Top Export Markets for Synthetic Rubber from Pakistan in 2022:
- Oman (41.7 tons)
- Afghanistan (15.0 tons)
This report provides an in-depth analysis of the synthetic rubber market in Pakistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20171050 - Synthetic latex rubber
- Prodcom 20171090 - Synthetic rubber (excluding latex)
Country coverage:
- Pakistan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Pakistan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
519
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This report provides an in-depth analysis of the synthetic rubber market in Pakistan.
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In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
1348
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
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1393
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
1348
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
201
Discover the top import markets for synthetic rubber (excluding latex) with key statistics and analysis. Learn about the leading countries driving the demand for synthetic rubber. Read more on IndexBox market intelligence platform.
324
Discover the top import markets for synthetic latex rubber and their key statistics. Malaysia, China, and Thailand lead the way, according to IndexBox data.
