Pakistan: Pyrites Market 2022

Pyrites Market Size in Pakistan

The Pakistani pyrites market expanded notably to $X in 2021, picking up by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. Pyrites consumption peaked in 2021 and is likely to see steady growth in years to come.

Pyrites Production in Pakistan

In value terms, pyrites production shrank modestly to $X in 2021 estimated in export price. Overall, production, however, saw a mild slump. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Pyrites production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Pyrites Exports

Exports from Pakistan

After two years of decline, overseas shipments of pyrites decreased by X% to less than X kg in 2021. Over the period under review, exports showed a relatively flat trend pattern. The exports peaked at X tonnes in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, pyrites exports totaled less than $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tonnes), the Netherlands (X tonnes) and Germany (X tonnes) were the main destinations of pyrites exports from Pakistan, with a combined X% share of total exports.

From 2012 to 2018, the biggest increases were in the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

It was followed by Italy, with a X% share.

From 2012 to 2018, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Italy (X% per year).

Export Prices by Country

The average pyrites export price stood at $X per tonne in 2018, leveling off at the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure in 2018 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Germany ($X per tonne), while the average price for exports to South Korea ($X per tonne) was amongst the lowest.

From 2012 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrites Imports

Imports into Pakistan

For the third year in a row, Pakistan recorded growth in overseas purchases of pyrites, which increased by X% to X tonnes in 2021. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, pyrites imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X tonnes) constituted the largest pyrites supplier to Pakistan, with a X% share of total imports. Moreover, pyrites imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tonnes), fourfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +X%.

In value terms, China ($X) constituted the largest supplier of pyrites to Pakistan, comprising X% of total imports. The second position in the ranking was occupied by the United States ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +X%.

Import Prices by Country

The average pyrites import price stood at $X per tonne in 2021, approximately reflecting the previous year. In general, the import price saw a perceptible slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. The import price peaked at $X per tonne in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was China ($X per tonne), while the price for the United States amounted to $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-X%).

Source: IndexBox Platform