Price for Chain and Parts Thereof, of Iron or Steel in Pakistan - 2023

Contents:

1. Price for Chain and Parts Thereof, of Iron or Steel in Pakistan (CIF) - 2022
2. Price for Chain and Parts Thereof, of Iron or Steel in Pakistan (FOB) - 2022
3. Imports of Chain and Parts Thereof, of Iron or Steel in Pakistan
4. Exports of Chain and Parts Thereof, of Iron or Steel in Pakistan

Price for Chain and Parts Thereof, of Iron or Steel in Pakistan (CIF) - 2022

The average import price for chain and parts thereof, of iron or steel stood at $3,335 per ton in 2022, picking up by 32% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $4,432 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($3,977 per ton) and Malaysia ($3,920 per ton), while the price for Vietnam ($2,875 per ton) and China ($3,187 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain and Parts Thereof, of Iron or Steel in Pakistan (FOB) - 2022

In 2022, the average export price for chain and parts thereof, of iron or steel amounted to $3,043 per ton, picking up by 14% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 146% against the previous year. As a result, the export price attained the peak level of $4,016 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($4,185 per ton), while the average price for exports to South Korea ($1,671 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 the UK (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain and Parts Thereof, of Iron or Steel in Pakistan

After three years of growth, overseas purchases of chain and parts thereof, of iron or steel decreased by -36.1% to 5.1K tons in 2022. Overall, total imports indicated a modest expansion from 2019 to 2022: its volume increased at an average annual rate of +1.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 39%.

In value terms, imports of chain and parts thereof, of iron or steel dropped markedly to $17M in 2022. Over the period under review, imports saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 12%. As a result, imports attained the peak of $20M, and then contracted significantly in the following year.

Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Pakistan in 2022:

1. China (4.2K tons)
2. Thailand (0.2K tons)
3. Germany (0.2K tons)
4. Malaysia (0.1K tons)

Exports of Chain and Parts Thereof, of Iron or Steel in Pakistan

In 2022, after three years of growth, there was significant decline in overseas shipments of chain and parts thereof, of iron or steel, when their volume decreased by -22.7% to 25 tons. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 178% against the previous year.

In value terms, exports of chain and parts thereof, of iron or steel dropped to $76K in 2022. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 272% against the previous year. As a result, the exports reached the peak of $106K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Pakistan in 2022:

1. United Kingdom (11.1 tons)
2. Canada (9.1 tons)
3. United States (2.1 tons)
4. South Korea (0.8 tons)
5. Germany (0.7 tons)

Source: IndexBox Market Intelligence Platform