Pakistan: Non-Alloy Aluminium Bar Market 2024

Non-Alloy Aluminium Bar Market Size in Pakistan

For the fourth year in a row, the Pakistani non-alloy aluminium bar market recorded growth in sales value, which increased by X% to $X in 2023. Over the period under review, consumption, however, posted buoyant growth. Non-alloy aluminium bar consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Non-Alloy Aluminium Bar Production in Pakistan

In value terms, non-alloy aluminium bar production stood at $X in 2023 estimated in export price. In general, production recorded a relatively flat trend pattern. Non-alloy aluminium bar production peaked in 2023 and is likely to see gradual growth in the near future.

Non-Alloy Aluminium Bar Exports

Exports from Pakistan

In 2023, approx. X tons of non-alloy aluminium bars, rods and profiles were exported from Pakistan; surging by X% compared with 2022. Over the period under review, exports, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, non-alloy aluminium bar exports surged to $X in 2023. In general, exports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

Exports by Country

Afghanistan (X tons) was the main destination for non-alloy aluminium bar exports from Pakistan, accounting for a X% share of total exports. Moreover, non-alloy aluminium bar exports to Afghanistan exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Afghanistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the United Arab Emirates (X% per year).

In value terms, Afghanistan ($X) remains the key foreign market for non-alloy aluminium bars, rods and profiles exports from Pakistan, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Germany, with an X% share.

From 2012 to 2023, the average annual growth rate of value to Afghanistan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Germany (X% per year).

Export Prices by Country

The average non-alloy aluminium bar export price stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the export price showed a deep setback. The pace of growth appeared the most rapid in 2022 when the average export price increased by X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%), while the prices for the other major destinations experienced a decline.

Non-Alloy Aluminium Bar Imports

Imports into Pakistan

In 2023, supplies from abroad of non-alloy aluminium bars, rods and profiles decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports recorded a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, non-alloy aluminium bar imports shrank rapidly to $X in 2023. Overall, imports showed a deep slump. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

China (X tons), Kuwait (X tons) and Canada (X tons) were the main suppliers of non-alloy aluminium bar imports to Pakistan, together comprising X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of non-alloy aluminium bars, rods and profiles to Pakistan, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with an X% share of total imports. It was followed by Canada, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and Canada (X% per year).

Import Prices by Country

The average non-alloy aluminium bar import price stood at $X per ton in 2023, surging by X% against the previous year. Overall, the import price recorded a resilient increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform