
Pakistan - Aluminium - Market Analysis, Forecast, Size, Trends And Insights
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Pakistan: Aluminium Market Overview 2021
Aluminium Market Size in Pakistan
In 2019, the Pakistani aluminium market decreased by -X% to $X, falling for the second year in a row after five years of growth. Over the period under review, consumption continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Aluminium consumption peaked at $X in 2017; however, from 2018 to 2019, consumption remained at a lower figure.
Aluminium Exports
Exports from Pakistan
In 2019, shipments abroad of aluminium increased by X% to X tonnes, rising for the third year in a row after four years of decline. Over the period under review, exports, however, saw a mild decrease. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports failed to regain the momentum.
In value terms, aluminium exports skyrocketed to $X in 2019. Overall, exports, however, continue to indicate a pronounced downturn. Exports peaked at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.
Exports by Country
Oman (X tonnes) was the main destination for aluminium exports from Pakistan, with a X% share of total exports. Moreover, aluminium exports to Oman exceeded the volume sent to the second major destination, China (X tonnes), ninefold. The third position in this ranking was occupied by Nigeria (X tonnes), with a X% share.
From 2007 to 2019, the average annual growth rate of volume to Oman totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-X% per year) and Nigeria (+X% per year).
In value terms, Oman ($X) emerged as the key foreign market for aluminium exports from Pakistan, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.
From 2007 to 2019, the average annual growth rate of value to Oman stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-X% per year) and Thailand (-X% per year).
Export Prices by Country
In 2019, the average aluminium export price amounted to $X per tonne, with a decrease of -X% against the previous year. In general, the export price showed a slight decline. The pace of growth appeared the most rapid in 2010 an increase of X% against the previous year. As a result, export price attained the peak level of $X per tonne. From 2011 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Thailand ($X per tonne), while the average price for exports to Nigeria ($X per tonne) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced mixed trend patterns.
Aluminium Imports
Imports into Pakistan
In 2019, overseas purchases of aluminium decreased by -X% to X tonnes, falling for the second consecutive year after five years of growth. In general, imports showed a noticeable slump. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.
In value terms, aluminium imports contracted markedly to $X in 2019. Overall, imports saw a deep downturn. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2019, imports remained at a lower figure.
Imports by Country
Malaysia (X tonnes), the United Arab Emirates (X tonnes) and India (X tonnes) were the main suppliers of aluminium imports to Pakistan, together accounting for X% of total imports. Bahrain, Russia, Taiwan (Chinese) and South Africa lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia, while imports for the other leaders experienced more modest paces of growth.
In value terms, Malaysia ($X), the United Arab Emirates ($X) and India ($X) appeared to be the largest aluminium suppliers to Pakistan, together accounting for X% of total imports. These countries were followed by Bahrain, Taiwan (Chinese), South Africa and Russia, which together accounted for a further X the main suppliers, Russia recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average aluminium import price stood at $X per tonne in 2019, which is down by -X% against the previous year. In general, the import price continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2011 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2008; however, from 2009 to 2019, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2019, the highest prices were recorded for prices from Bahrain ($X per tonne) and Taiwan (Chinese) ($X per tonne), while the price for Russia ($X per tonne) and South Africa ($X per tonne) were amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced a decline.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for aluminium in the world?+
The country with the largest volume of aluminium consumption was China (36M tonnes), accounting for 53% of total volume. Moreover, aluminium consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (4.2M tonnes), ninefold. The third position in this ranking was occupied by India (2.8M tonnes), with a 4.1% share.
What are the largest producers of aluminium in the world?+
The country with the largest volume of aluminium production was China (36M tonnes), comprising approx. 55% of total volume. Moreover, aluminium production in China exceeded the figures recorded by the second-largest producer, India (4.5M tonnes), eightfold. Russia (3.6M tonnes) ranked third in terms of total production with a 5.4% share.
What are the leading suppliers of aluminium to Pakistan?+
In value terms, Malaysia ($11M), the United Arab Emirates ($10M) and India ($7.2M) appeared to be the largest aluminium suppliers to Pakistan, together accounting for 56% of total imports. Bahrain, Taiwan (Chinese), South Africa and Russia lagged somewhat behind, together accounting for a further 28%.
What are the leading importers of aluminium from Pakistan?+
In value terms, Oman ($897K) emerged as the key foreign market for aluminium exports from Pakistan, comprising 70% of total exports. The second position in the ranking was occupied by China ($259K), with a 20% share of total exports. It was followed by Thailand, with a 6.3% share.
What is the average export price for aluminium in Pakistan?+
The average aluminium export price stood at $1,631 per tonne in 2019, shrinking by -16.6% against the previous year.
What is the average import price for aluminium in Pakistan?+
The average aluminium import price stood at $2,108 per tonne in 2019, dropping by -4.2% against the previous year.
This report provides an in-depth analysis of the aluminium 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 2025.
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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