Price for Dyes; Pigments and Preparations Based Thereon in Pakistan - 2023
Contents:
- Price for Dyes; Pigments and Preparations Based Thereon in Pakistan (CIF) - 2023
- Price for Dyes; Pigments and Preparations Based Thereon in Pakistan (FOB) - 2022
- Imports of Dyes; Pigments and Preparations Based Thereon in Pakistan
- Exports of Dyes; Pigments and Preparations Based Thereon in Pakistan
Price for Dyes; Pigments and Preparations Based Thereon in Pakistan (CIF) - 2023
The average import price for dyes; pigments and preparations based therea stood at $5,239 per ton in July 2023, shrinking by -7.1% against the previous month. Over the period under review, the import price showed a pronounced decrease. The pace of growth appeared the most rapid in September 2022 an increase of 13% m-o-m. As a result, import price attained the peak level of $7,230 per ton. From October 2022 to July 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Malaysia ($8,883 per ton), while the price for China ($4,987 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Malaysia (-0.4%), while the prices for the other major suppliers experienced a decline.
Price for Dyes; Pigments and Preparations Based Thereon in Pakistan (FOB) - 2022
In 2022, the average export price for dyes; pigments and preparations based therea amounted to $5,542 per ton, flattening at the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 22%. Over the period under review, the average export prices hit record highs at $6,124 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($6,778 per ton), while the average price for exports to Afghanistan ($3,039 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 Oman (+32.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Dyes; Pigments and Preparations Based Thereon in Pakistan
In 2022, after three years of growth, there was significant decline in purchases abroad of dyes; pigments and preparations based therea, when their volume decreased by -6.5% to 4.4K tons. The total import volume increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 10%. As a result, imports reached the peak of 4.7K tons, and then dropped in the following year.
In value terms, imports of dyes; pigments and preparations based therea fell to $32M in 2022. The total import value increased at an average annual rate of +8.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, imports reached the peak of $37M, and then contracted in the following year.
| Import of Dyes; Pigments and Preparations Based Thereon in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.2 | 17.2 | 24.3 | 22.3 | 25.8% |
| Germany | 1.1 | 2.1 | 2.6 | 2.2 | 26.0% |
| South Korea | 1.6 | 1.8 | 1.6 | 1.8 | 4.0% |
| United Kingdom | 1.0 | 0.8 | 1.3 | 0.9 | -3.5% |
| Malaysia | 0.1 | 0.4 | 0.8 | 0.8 | 100.0% |
| Portugal | 0.5 | 0.7 | 0.6 | 0.7 | 11.9% |
| United Arab Emirates | 0.3 | 2.5 | 1.9 | 0.3 | 0.0% |
| Thailand | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| India | 7.3 | N/A | N/A | N/A | 0% |
| Others | 2.4 | 2.5 | 3.8 | 3.0 | 7.7% |
| Total | 25.5 | 28.1 | 37.2 | 32.4 | 8.3% |
Top Suppliers of Dyes; Pigments and Preparations Based Thereon to Pakistan in 2022:
- China (3257.0 tons)
- South Korea (216.2 tons)
- Germany (198.9 tons)
- United Kingdom (104.4 tons)
- Malaysia (95.2 tons)
- Portugal (84.7 tons)
- Thailand (66.3 tons)
- United Arab Emirates (48.3 tons)
Exports of Dyes; Pigments and Preparations Based Thereon in Pakistan
In 2022, after two years of decline, there was significant growth in overseas shipments of dyes; pigments and preparations based therea, when their volume increased by 12% to 228 tons. Over the period under review, exports, however, faced a deep contraction.
In value terms, exports of dyes; pigments and preparations based therea reached $1.3M in 2022. Overall, exports, however, showed a abrupt curtailment.
| Export of Dyes; Pigments and Preparations Based Thereon in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 1,504 | 932 | 376 | 799 | -19.0% |
| United Arab Emirates | 1.5 | 50.2 | 39.5 | 142 | 355.8% |
| Bahrain | N/A | N/A | N/A | 89.2 | 0% |
| Bangladesh | 263 | 130 | 154 | 88.2 | -30.5% |
| Afghanistan | 117 | 295 | 231 | 55.7 | -21.9% |
| Oman | N/A | N/A | N/A | 23.8 | 0% |
| Qatar | 35.3 | 38.6 | 20.2 | 22.2 | -14.3% |
| Philippines | N/A | 208 | 287 | N/A | 38.0% |
| Others | 18.4 | 1.6 | 16.0 | 42.4 | 32.1% |
| Total | 1,939 | 1,655 | 1,124 | 1,262 | -13.3% |
Top Export Markets for Dyes; Pigments and Preparations Based Thereon from Pakistan in 2022:
- Saudi Arabia (117.8 tons)
- United Arab Emirates (31.8 tons)
- Bangladesh (26.3 tons)
- Bahrain (20.1 tons)
- Afghanistan (18.3 tons)
- Oman (5.3 tons)
- Qatar (4.7 tons)
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