Pakistan: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Pakistan

In 2022, after two years of growth, there was decline in the Pakistani market for polyethylene with a specific gravity of less than X, in primary forms, when its value decreased by X% to $X. In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2021, and then contracted slightly in the following year.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Pakistan

In 2022, the amount of polyethylene with a specific gravity of less than X, in primary forms exported from Pakistan surged to X tons, picking up by X% compared with the previous year's figure. Over the period under review, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2022. In general, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), Bangladesh (X tons) and Vietnam (X tons) were the main destinations of exports of polyethylene with a specific gravity of less than X, in primary forms from Pakistan, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Vietnam ($X) and Saudi Arabia ($X) constituted the largest markets for polyethylene with a specific gravity of less than X exported from Pakistan worldwide, with a combined X% share of total exports.

Bangladesh, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price showed a slight reduction. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United Arab Emirates ($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 China (X%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Pakistan

In 2022, purchases abroad of polyethylene with a specific gravity of less than X, in primary forms decreased by X% to X tons, falling for the second year in a row after nine years of growth. Over the period under review, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms declined slightly to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of polyethylene with a specific gravity of less than X to Pakistan, accounting for a X% share of total imports. Moreover, imports of polyethylene with a specific gravity of less than X, in primary forms from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Qatar (X tons), threefold. The third position in this ranking was held by the United Arab Emirates (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (X% per year) and the United Arab Emirates (X% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of polyethylene with a specific gravity of less than X, in primary forms to Pakistan, comprising X% of total imports. The second position in the ranking was taken by Qatar ($X), with an X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Saudi Arabia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The average import price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and Oman ($X per ton), while the price for Kuwait ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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