Pakistan: Aluminium Hydroxide Market 2023

Aluminium Hydroxide Market Size in Pakistan

The Pakistani aluminium hydroxide market expanded markedly to $X in 2022, surging by 7.2% against the previous year. Overall, consumption recorded resilient growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Aluminium Hydroxide Production in Pakistan

In value terms, aluminium hydroxide production rose notably to $X in 2022 estimated in export price. Overall, production continues to indicate resilient growth. The pace of growth was the most pronounced in 2019 with an increase of 62%. Aluminium hydroxide production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Aluminium Hydroxide Exports

Exports from Pakistan

In 2021, approx. X tons of aluminium hydroxide were exported from Pakistan; almost unchanged from 2020 figures. In general, exports continue to indicate a significant decrease. The smallest decline of -76.3% was in 2015. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, aluminium hydroxide exports totaled $X in 2021. Over the period under review, exports faced a significant decline. The smallest decline of -80.9% was in 2015. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for aluminium hydroxide exports from Pakistan, accounting for a 91% share of total exports. Moreover, aluminium hydroxide exports to the United Arab Emirates exceeded the volume sent to the second major destination, Angola (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to -36.4%.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to -25.3%.

Export Prices by Country

In 2021, the average aluminium hydroxide export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded resilient growth. The most prominent rate of growth was recorded in 2015 when the average export price decreased by -19.3% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to the United Arab Emirates totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+17.6%).

Aluminium Hydroxide Imports

Imports into Pakistan

In 2022, approx. X tons of aluminium hydroxide were imported into Pakistan; picking up by 20% on the year before. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.7% against 2018 indices. The pace of growth was the most pronounced in 2016 when imports increased by 34% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, aluminium hydroxide imports surged to $X in 2022. Overall, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons), China (X tons) and Romania (X tons) were the main suppliers of aluminium hydroxide imports to Pakistan, together accounting for 79% of total imports. Brazil and Turkey lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +85.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of aluminium hydroxide to Pakistan, comprising 41% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by Romania, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+31.0% per year) and Romania (+45.6% per year).

Import Prices by Country

In 2022, the average aluminium hydroxide import price amounted to $X per ton, jumping by 22% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 46% against the previous year. The import price peaked at $X 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 Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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