Pakistan: Fertilizer Market 2023

Fertilizer Market Size in Pakistan

The Pakistani fertilizer market reduced modestly to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Fertilizer consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Fertilizer Production in Pakistan

In value terms, fertilizer production contracted modestly to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable downturn. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Fertilizer Exports

Exports from Pakistan

In 2020, overseas shipments of fertilizers decreased by X% to X tons, falling for the third year in a row after four years of growth. In general, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X,250%. As a result, the exports reached the peak of X tons. From 2018 to 2020, the growth of the exports failed to regain momentum.

In value terms, fertilizer exports stood at $X in 2020. Overall, exports continue to indicate a precipitous decrease. The pace of growth was the most pronounced in 2017 when exports increased by X,220% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2020, the growth of the exports failed to regain momentum.

Exports by Country

Burundi (X tons) was the main destination for fertilizer exports from Pakistan, with a approx. X% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Burundi was relatively modest.

From 2012 to 2020, the average annual rate of growth in terms of value to Burundi was relatively modest.

Export Prices by Country

The average fertilizer export price stood at $X per ton in 2020, remaining stable against the previous year. Overall, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price decreased by X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2020, the export prices failed to regain momentum.

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

From 2012 to 2020, the rate of growth in terms of prices for Malaysia amounted to X% per year.

Fertilizer Imports

Imports into Pakistan

In 2022, purchases abroad of fertilizers increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, fertilizer imports reduced to $X in 2022. In general, imports, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest fertilizer supplier to Pakistan, accounting for a X% share of total imports. Moreover, fertilizer imports from China exceeded the figures recorded by the second-largest supplier, Morocco (X tons), threefold. The third position in this ranking was taken by Saudi Arabia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (X% per year) and Saudi Arabia (X% per year).

In value terms, the largest fertilizer suppliers to Pakistan were China ($X), Saudi Arabia ($X) and Morocco ($X), together accounting for X% of total imports.

Morocco, with a CAGR of X%, 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 fertilizer import price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

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 Australia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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