Carbonates; Potassium Carbonate Price in Pakistan - 2023

Carbonates; Potassium Carbonate Price in Pakistan (CIF) - 2022

In 2022, the average carbonates; potassium carbonate import price amounted to $2,883 per ton, with an increase of 3.4% against the previous year. Over the period under review, the import price showed prominent growth. The pace of growth was the most pronounced in 2013 when the average import price increased by 64% against the previous year. The import price peaked at $5,482 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Thailand ($12,297 per ton), while the price for the United Arab Emirates ($610 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Carbonates; Potassium Carbonate Price in Pakistan (FOB) - 2022

In 2021, the average carbonates; potassium carbonate export price amounted to $651 per ton, remaining stable against the previous year. In general, the export price recorded a slight slump. The pace of growth appeared the most rapid in 2014 an increase of 25%. As a result, the export price attained the peak level of $909 per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Indonesia.

From 2013 to 2021, the rate of growth in terms of prices for Indonesia amounted to 0.0% per year.

Carbonates; Potassium Carbonate Imports in Pakistan

For the fourth year in a row, Pakistan recorded growth in overseas purchases of carbonates; potassium carbonates, which increased by 59% to 1.2K tons in 2022. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 77% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, carbonates; potassium carbonate imports soared to $3.3M in 2022. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Carbonates; Potassium Carbonate in Pakistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	174	399	755	1,122	86.1%
China	341	485	491	820	34.0%
Belgium	77.6	114	283	474	82.8%
Taiwan (Chinese)	255	400	148	391	15.3%
Thailand	246	303	266	385	16.1%
Germany	9.1	26.4	34.9	49.2	75.5%
Egypt	N/A	N/A	N/A	34.6	0%
Others	38.9	48.4	42.0	51.6	9.9%
Total	1,142	1,775	2,019	3,327	42.8%

Top Suppliers of Carbonates; Potassium Carbonate to Pakistan in 2022:

Belgium (425.7 tons)
South Korea (367.3 tons)
China (147.7 tons)
Taiwan (Chinese) (121.2 tons)
Thailand (31.3 tons)
Germany (28.4 tons)
Egypt (17.8 tons)

Carbonates; Potassium Carbonate Exports in Pakistan

Carbonates; potassium carbonate exports from Pakistan stood at 26 tons in 2021, remaining constant against 2020. In general, exports showed a abrupt shrinkage. The smallest decline of 99.9% was in 2020.

In value terms, carbonates; potassium carbonate exports stood at $17K in 2021. Over the period under review, exports showed a relatively flat trend pattern. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are expected to retain growth in the immediate term.