
Pakistan - Aluminium Hydroxide - Market Analysis, Forecast, Size, Trends and Insights
Pakistan: Aluminium Hydroxide Market 2023
Aluminium Hydroxide Market Size in Pakistan
In 2021, after two years of growth, there was significant decline in the Pakistani aluminium hydroxide market, when its value decreased by -47.6% to $X. In general, consumption, however, recorded a significant increase. As a result, consumption reached the peak level of $X, and then dropped markedly in the following year.
Aluminium Hydroxide Production in Pakistan
In value terms, aluminium hydroxide production fell dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 2,320% against the previous year. As a result, production attained the peak level of $X, and then fell rapidly in the following year.
Aluminium Hydroxide Exports
Exports from Pakistan
In 2021, aluminium hydroxide exports from Pakistan stood at X tons, therefore, remained relatively stable against the previous year. Over the period under review, exports faced a significant curtailment. The smallest decline of -76.3% was in 2015. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.
In value terms, aluminium hydroxide exports amounted to $X in 2021. Overall, exports saw a significant decline. The smallest decline of -80.9% was in 2015. The exports peaked 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 totaled -36.4%.
From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates amounted to -25.3%.
Export Prices by Country
The average aluminium hydroxide export price stood at $X per ton in 2021, standing approx. at the previous year. Over the period under review, the export price posted a buoyant expansion. The pace of growth was the most pronounced in 2015 a decrease of -19.3% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the immediate term.
Prices varied noticeably country of destination: the country with the highest price was Angola ($X per ton), while the average price for exports to the United Arab Emirates stood at $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 2021, aluminium hydroxide imports into Pakistan surged to X tons, picking up by 24% on 2020 figures. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 42% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.
In value terms, aluminium hydroxide imports soared to $X in 2021. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 25% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.
Imports by Country
India (X tons), China (X tons) and Brazil (X tons) were the main suppliers of aluminium hydroxide imports to Pakistan, with a combined 75% share of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +188.2%), while imports for the other leaders experienced more modest paces of growth.
In value terms, India ($X), Brazil ($X) and China ($X) were the largest aluminium hydroxide suppliers to Pakistan, together accounting for 71% of total imports.
Brazil, with a CAGR of +148.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average aluminium hydroxide import price stood at $X per ton in 2021, falling by -5.3% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aluminium hydroxide import price decreased by -22.1% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 46%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the aluminium hydroxide 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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