
Pakistan - Fertilizers - Market Analysis, Forecast, Size, Trends and Insights
Pakistan: Fertilizer Market 2023
Fertilizer Market Size in Pakistan
In 2021, after two years of decline, there was growth in the Pakistani fertilizer market, when its value increased by 4.7% to $X. Overall, consumption, however, showed a noticeable curtailment. Fertilizer consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.
Fertilizer Production in Pakistan
In value terms, fertilizer production reached $X in 2021 estimated in export price. In general, production recorded a slight descent. The growth pace was the most rapid in 2017 when the production volume increased by 15%. Fertilizer production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.
Fertilizer Exports
Exports from Pakistan
In 2021, shipments abroad of fertilizers decreased by -70.3% to X tons, falling for the third consecutive year after four years of growth. In general, exports faced a significant decrease. The growth pace was the most rapid in 2016 with an increase of 987%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.
In value terms, fertilizer exports fell significantly to $X in 2021. Overall, exports saw a precipitous contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 441% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
The United Arab Emirates (X tons) was the main destination for fertilizer exports from Pakistan, accounting for a 36% share of total exports. Moreover, fertilizer exports to the United Arab Emirates exceeded the volume sent to the second major destination, Malaysia (X tons), threefold.
From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at -17.9%.
In value terms, the United Arab Emirates ($X) remains the key foreign market for fertilizers exports from Pakistan, comprising 47% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 2.7% share of total exports.
From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled -13.9%.
Export Prices by Country
In 2021, the average fertilizer export price amounted to $X per ton, increasing by 82% against the previous year. Over the period under review, the export price recorded a pronounced increase. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Malaysia totaled $X per ton.
From 2012 to 2021, 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 2021, supplies from abroad of fertilizers was finally on the rise to reach X tons after two years of decline. In general, imports, however, showed a mild shrinkage. The growth pace was the most rapid in 2017 with an increase of 36% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.
In value terms, fertilizer imports skyrocketed to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.
Imports by Country
In 2021, China (X tons) constituted the largest fertilizer supplier to Pakistan, with a 33% share of total imports. Moreover, fertilizer imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), ninefold. Morocco (X tons) ranked third in terms of total imports with a 3.1% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-9.1% per year) and Morocco (-0.9% per year).
In value terms, China ($X) constituted the largest supplier of fertilizers to Pakistan, comprising 35% of total imports. The second position in the ranking was held by Morocco ($X), with a 3.4% share of total imports. It was followed by Saudi Arabia, with a 3.3% share.
From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (-1.4% per year) and Saudi Arabia (-7.6% per year).
Import Prices by Country
In 2021, the average fertilizer import price amounted to $X per ton, jumping by 61% against the previous year. Overall, the import price continues to indicate a mild increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Jordan ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, 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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