Pakistan: Market for Raw Steel And Steel Semi-Finished Products 2024

Market Size for Raw Steel And Steel Semi-Finished Products in Pakistan

The Pakistani market for raw steel and steel semi-finished products expanded notably to $X in 2022, with an increase of X% against the previous year. In general, consumption recorded strong growth. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Raw Steel And Steel Semi-Finished Products in Pakistan

In value terms, production of raw steel and steel semi-finished products surged to $X in 2022 estimated in export price. In general, production showed prominent growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Raw Steel And Steel Semi-Finished Products

Exports from Pakistan

In 2022, shipments abroad of raw steel and steel semi-finished products decreased by X% to X tons, falling for the fifth consecutive year after three years of growth. In general, exports saw a precipitous decline. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of raw steel and steel semi-finished products reduced rapidly to $X in 2022. Over the period under review, exports faced a sharp descent. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of raw steel and steel semi-finished products from Pakistan, with a X% share of total exports. Moreover, exports of raw steel and steel semi-finished products to the United States exceeded the volume sent to the second major destination, Brazil (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Italy (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for raw steel and steel semi-finished products exports from Pakistan, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Italy (X% per year).

Export Prices by Country

The average export price for raw steel and steel semi-finished products stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Italy ($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 Brazil (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Raw Steel And Steel Semi-Finished Products

Imports into Pakistan

In 2022, purchases abroad of raw steel and steel semi-finished products decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports showed a dramatic setback. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of raw steel and steel semi-finished products fell rapidly to $X in 2022. Overall, imports saw a precipitous shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The UK (X tons), the United Arab Emirates (X tons) and the United States (X tons) were the main suppliers of imports of raw steel and steel semi-finished products to Pakistan, together comprising X% of total imports. Moreover, imports of raw steel and steel semi-finished products in the UK exceeded the figures recorded by the second-largest supplier, the United Arab Emirates, twofold.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the United States ($X) and the United Arab Emirates ($X) were the largest raw steel and steel semi-finished products suppliers to Pakistan, together comprising X% of total imports. China, Canada and Japan lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Japan, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for raw steel and steel semi-finished products stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price recorded slight growth. The growth pace was the most rapid in 2014 an increase of X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 the United States ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :