
Pakistan - Fertilizers - Market Analysis, Forecast, Size, Trends and Insights
Pakistan: Fertilizer Market 2023
Fertilizer Market Size in Pakistan
The Pakistani fertilizer market contracted to $X in 2022, waning by -11.7% against the previous year. Overall, consumption recorded a perceptible downturn. Fertilizer consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.
Fertilizer Production in Pakistan
In value terms, fertilizer production shrank to $X in 2022 estimated in export price. Overall, production, however, saw a slight decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by 15%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.
Fertilizer Exports
Exports from Pakistan
In 2022, overseas shipments of fertilizers were finally on the rise to reach X tons after three years of decline. In general, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 987% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.
In value terms, fertilizer exports soared to $X in 2022. Over the period under review, exports, however, faced a precipitous decline. The most prominent rate of growth was recorded in 2016 when exports increased by 441% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.
Exports by Country
Sao Tome and Principe (X tons), Malaysia (X tons) and the United Arab Emirates (X tons) were the main destinations of fertilizer exports from Pakistan, with a combined 49% share of total exports. These countries were followed by France, which accounted for a further 0.9%.
From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.
In value terms, the largest markets for fertilizer exported from Pakistan were the United Arab Emirates ($X), Sao Tome and Principe ($X) and Malaysia ($X), together comprising 49% of total exports. France lagged somewhat behind, accounting for a further 0.6%.
Among the main countries of destination, France, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.
Export Prices by Country
The average fertilizer export price stood at $X per ton in 2022, with a decrease of -41.6% against the previous year. Over the period under review, the export price saw a noticeable decline. The most prominent rate of growth was recorded in 2021 when the average export price increased by 81%. As a result, the export price attained the peak level of $X per ton, and then reduced markedly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+31.4%), while the prices for the other major destinations experienced more modest paces of growth.
Fertilizer Imports
Imports into Pakistan
In 2022, approx. X tons of fertilizers were imported into Pakistan; waning by -45.3% compared with 2021 figures. Overall, imports saw a abrupt descent. The pace of growth was the most pronounced in 2017 when imports increased by 36%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.
In value terms, fertilizer imports contracted dramatically to $X in 2022. In general, imports recorded a perceptible shrinkage. The growth pace was the most rapid in 2021 when imports increased by 94%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.
Imports by Country
In 2022, China (X tons) constituted the largest supplier of fertilizer to Pakistan, with a 33% share of total imports. Moreover, fertilizer imports from China exceeded the figures recorded by the second-largest supplier, Morocco (X tons), sevenfold. Saudi Arabia (X tons) ranked third in terms of total imports with a 3.2% share.
From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (-2.2% per year) and Saudi Arabia (-14.3% per year).
In value terms, China ($X) constituted the largest supplier of fertilizers to Pakistan, comprising 32% of total imports. The second position in the ranking was taken by Morocco ($X), with a 7% share of total imports. It was followed by Saudi Arabia, with a 2.8% share.
From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (+1.5% per year) and Saudi Arabia (-12.2% per year).
Import Prices by Country
The average fertilizer import price stood at $X per ton in 2022, rising by 18% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fertilizer import price increased by +89.8% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 61% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the fertilizer 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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