Price for Safety Pins and Other Pins; of Iron or Steel in Pakistan - 2023

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in Pakistan (CIF) - 2022
2. Price for Safety Pins and Other Pins; of Iron or Steel in Pakistan (FOB) - 2022
3. Imports of Safety Pins and Other Pins; of Iron or Steel in Pakistan
4. Exports of Safety Pins and Other Pins; of Iron or Steel in Pakistan

Price for Safety Pins and Other Pins; of Iron or Steel in Pakistan (CIF) - 2022

In 2022, the average import price for safety pins and other pins; of iron or steels amounted to $3,502 per ton, picking up by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.7%. The most prominent rate of growth was recorded in 2013 an increase of 27% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($3,518 per ton), while the price for Germany amounted to $2,823 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.9%).

Price for Safety Pins and Other Pins; of Iron or Steel in Pakistan (FOB) - 2022

In 2022, the average export price for safety pins and other pins; of iron or steels amounted to $3,292 per ton, with a decrease of -85.6% against the previous year. In general, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2017 when the average export price increased by 135% against the previous year. The export price peaked at $22,793 per ton in 2021, and then fell markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($21,297 per ton), while the average price for exports to the United Arab Emirates ($750 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 Malaysia (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Safety Pins and Other Pins; of Iron or Steel in Pakistan

Imports of safety pins and other pins; of iron or steels into Pakistan declined remarkably to 100 tons in 2022, falling by -26.9% against the year before. Over the period under review, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 124%. As a result, imports reached the peak of 136 tons, and then fell sharply in the following year.

In value terms, imports of safety pins and other pins; of iron or steels shrank notably to $349K in 2022. Overall, imports showed a pronounced slump. The pace of growth appeared the most rapid in 2021 with an increase of 130%. As a result, imports reached the peak of $419K, and then fell sharply in the following year.

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Pakistan in 2022:

1. China (95.2 tons)
2. Germany (2.9 tons)

Exports of Safety Pins and Other Pins; of Iron or Steel in Pakistan

Exports of safety pins and other pins; of iron or steels from Pakistan soared to 903 kg in 2022, with an increase of 345% against 2021. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of safety pins and other pins; of iron or steels dropped remarkably to $3K in 2022. In general, exports, however, faced a dramatic contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 81% against the previous year.

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Pakistan in 2022:

1. United Arab Emirates (717.0 kg)
2. Portugal (47.0 kg)
3. Singapore (37.0 kg)
4. South Africa (36.0 kg)
5. Canada (14.0 kg)

Source: IndexBox Market Intelligence Platform