Organo-Sulphur Compounds; Methionine Price in Pakistan - 2023
Contents:
- Organo-Sulphur Compounds; Methionine Price in Pakistan (CIF) - 2023
- Organo-Sulphur Compounds; Methionine Price in Pakistan (FOB) - 2022
- Organo-Sulphur Compounds; Methionine Imports in Pakistan
- Organo-Sulphur Compounds; Methionine Exports in Pakistan
Organo-Sulphur Compounds; Methionine Price in Pakistan (CIF) - 2023
The average organo-sulphur compounds; methionine import price stood at $2,296 per ton in February 2023, reducing by -14.2% against the previous month. In general, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in May 2022 when the average import price increased by 8.7% m-o-m. Over the period under review, average import prices hit record highs at $3,200 per ton in February 2022; however, from March 2022 to February 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In February 2023, the highest price was recorded for prices from Singapore ($2,502 per ton) and Malaysia ($2,295 per ton), while the price for Japan ($2,155 per ton) and China ($2,209 per ton) were amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Singapore (-1.6%), while the prices for the other major suppliers experienced a decline.
Organo-Sulphur Compounds; Methionine Price in Pakistan (FOB) - 2022
The average organo-sulphur compounds; methionine export price stood at $1,582 per ton in 2022, falling by -23.9% against the previous year. Overall, the export price recorded a abrupt descent. The pace of growth was the most pronounced in 2021 when the average export price decreased by -1% against the previous year. The export price peaked at $3,388 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Afghanistan.
From 2012 to 2022, the rate of growth in terms of prices for Afghanistan amounted to -13.4% per year.
Organo-Sulphur Compounds; Methionine Imports in Pakistan
In 2022, purchases abroad of organo-sulphur compounds; methionines was finally on the rise to reach 21K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, organo-sulphur compounds; methionine imports surged to $60M in 2022. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Organo-Sulphur Compounds; Methionine in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 11.0 | 6.4 | 11.5 | 17.5 | 16.7% |
| Singapore | 1.9 | 8.2 | 9.5 | 14.4 | 96.4% |
| Japan | 8.9 | 5.7 | 7.2 | 10.9 | 7.0% |
| China | 5.3 | 7.5 | 7.0 | 10.6 | 26.0% |
| Belgium | 3.1 | 2.7 | 2.7 | 3.9 | 8.0% |
| France | 0.8 | 0.9 | 0.2 | 0.9 | 4.0% |
| Others | 0.9 | 1.2 | 1.5 | 2.0 | 30.5% |
| Total | 31.9 | 32.7 | 39.4 | 60.1 | 23.5% |
Top Suppliers of Organo-Sulphur Compounds; Methionine to Pakistan in 2022:
- Malaysia (5.6K tons)
- Singapore (4.3K tons)
- China (4.2K tons)
- Japan (4.2K tons)
- Belgium (1.8K tons)
- France (0.3K tons)
Organo-Sulphur Compounds; Methionine Exports in Pakistan
In 2022, the amount of organo-sulphur compounds; methionines exported from Pakistan surged to 22 tons, picking up by 634% against the previous year. Overall, exports showed a significant increase.
In value terms, organo-sulphur compounds; methionine exports surged to $35K in 2022. In general, exports continue to indicate significant growth.
| Export of Organo-Sulphur Compounds; Methionine in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Afghanistan | 13.4 | 63.4 | 6.2 | 34.8 | 37.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 13.4 | 63.4 | 6.2 | 34.8 | 37.5% |
Top Export Markets for Organo-Sulphur Compounds; Methionine from Pakistan in 2022:
- Afghanistan (22.0 tons)
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