Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Pakistan - 2023
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Pakistan (CIF) - 2023
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Pakistan (FOB) - 2022
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Pakistan
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Pakistan
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Pakistan (CIF) - 2023
In June 2023, the average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $609 per ton, falling by -1.7% against the previous month. Over the period under review, the import price continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in March 2023 an increase of 8.3% m-o-m. The import price peaked at $934 per ton in July 2022; however, from August 2022 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United Arab Emirates ($627 per ton), while the price for Iran ($326 per ton) was amongst the lowest.
From July 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Iran (+2.4%), while the prices for the other major suppliers experienced a decline.
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Pakistan (FOB) - 2022
In 2022, the average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $604 per ton, approximately reflecting the previous year. In general, the export price, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 40%. The export price peaked at $1,006 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to South Korea ($764 per ton) and Japan ($728 per ton), while the average price for exports to the United Arab Emirates ($582 per ton) and China ($718 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Pakistan
In 2022, after three years of growth, there was significant decline in supplies from abroad of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s, when their volume decreased by -16.6% to 7.9M tons. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 31%.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s skyrocketed to $5.9B in 2022. In general, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 87%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 89.5 | 1,434 | 2,167 | 392.1% |
| United Arab Emirates | 2,219 | 1,666 | 2,697 | 2,138 | -1.2% |
| Oman | 286 | 226 | 126 | 663 | 32.3% |
| Singapore | 294 | 186 | 395 | 428 | 13.3% |
| Netherlands | 476 | 192 | 103 | 371 | -8.0% |
| Others | 242 | 231 | 95.1 | 143 | -16.1% |
| Total | 3,519 | 2,589 | 4,849 | 5,910 | 18.9% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Pakistan in 2022:
- China (3.0M tons)
- United Arab Emirates (2.8M tons)
- Oman (0.9M tons)
- Netherlands (0.5M tons)
- Singapore (0.5M tons)
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Pakistan
In 2022, the amount of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s exported from Pakistan soared to 3.3M tons, growing by 282% on 2021 figures. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s surged to $2B in 2022. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.1 | 43.0 | 272 | 1,700 | 2471.3% |
| South Korea | 202 | 49.7 | 131 | 228 | 4.1% |
| Japan | 8.1 | 18.3 | 47.7 | 47.6 | 80.5% |
| Oman | N/A | 42.3 | N/A | 8.6 | -54.9% |
| Malaysia | 18.7 | 13.4 | 72.5 | N/A | 96.9% |
| Others | 15.1 | N/A | N/A | 33.7 | 30.7% |
| Total | 244 | 167 | 524 | 2,018 | 102.2% |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Pakistan in 2022:
- United Arab Emirates (2922.6K tons)
- South Korea (298.7K tons)
- Japan (65.4K tons)
- Oman (8.0K tons)
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