Price for Animal Products; Ossein and Bones Treated with Acid in Pakistan - 2023
Contents:
- Price for Animal Products; Ossein and Bones Treated with Acid in Pakistan (FOB) - 2023
- Price for Animal Products; Ossein and Bones Treated with Acid in Pakistan (CIF) - 2022
- Exports of Animal Products; Ossein and Bones Treated with Acid in Pakistan
- Imports of Animal Products; Ossein and Bones Treated with Acid in Pakistan
Price for Animal Products; Ossein and Bones Treated with Acid in Pakistan (FOB) - 2023
In June 2023, the average export price for animal products; ossein and bones treated with acids amounted to $3,286 per ton, growing by 126% against the previous month. Over the period under review, the export price posted a modest expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Japan.
From June 2022 to June 2023, the rate of growth in terms of prices for Japan amounted to +1.3% per month.
Price for Animal Products; Ossein and Bones Treated with Acid in Pakistan (CIF) - 2022
The average import price for animal products; ossein and bones treated with acids stood at $3,456 per ton in 2022, with a decrease of -10.3% against the previous year. In general, the import price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2020 an increase of 23%. The import price peaked at $8,634 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -7.9% per year.
Exports of Animal Products; Ossein and Bones Treated with Acid in Pakistan
In 2022, approx. 2.5K tons of animal products; ossein and bones treated with acids were exported from Pakistan; with an increase of 37% against the year before. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 152% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of animal products; ossein and bones treated with acids expanded slightly to $5.2M in 2022. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 157%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Animal Products; Ossein and Bones Treated with Acid in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1.5 | 1.7 | 4.8 | 5.1 | 50.4% |
| China | 0.2 | 0.2 | 0.3 | 0.1 | -20.6% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 1.7 | 2.0 | 5.1 | 5.2 | 45.2% |
Top Export Markets for Animal Products; Ossein and Bones Treated with Acid from Pakistan in 2022:
- Japan (2.5K tons)
Imports of Animal Products; Ossein and Bones Treated with Acid in Pakistan
For the third year in a row, Pakistan recorded decline in purchases abroad of animal products; ossein and bones treated with acids, which decreased by -68.2% to 6.5 tons in 2022. Over the period under review, imports saw a sharp slump. The smallest decline of -0.4% was in 2021.
In value terms, imports of animal products; ossein and bones treated with acids declined notably to $22K in 2022. In general, imports recorded a dramatic downturn. The smallest decline of -8.7% was in 2021.
| Import of Animal Products; Ossein and Bones Treated with Acid in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 98.5 | 38.8 | 78.9 | 22.5 | -38.9% |
| India | 24.2 | 47.6 | N/A | N/A | 96.7% |
| Others | 3.3 | N/A | N/A | N/A | 0% |
| Total | 126 | 86.4 | 78.9 | 22.5 | -43.7% |
Top Suppliers of Animal Products; Ossein and Bones Treated with Acid to Pakistan in 2022:
- Australia (6.5 tons)
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