Quartzite Price in Pakistan - 2023

Contents:

1. Quartzite Price in Pakistan (FOB) - 2022
2. Quartzite Price in Pakistan (CIF) - 2022
3. Quartzite Exports in Pakistan
4. Quartzite Imports in Pakistan

Quartzite Price in Pakistan (FOB) - 2022

In 2022, the average quartzite export price amounted to $276 per ton, falling by -14.5% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 66%. As a result, the export price reached the peak level of $378 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($289 per ton), while the average price for exports to China amounted to $168 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+6.1%).

Quartzite Price in Pakistan (CIF) - 2022

The average quartzite import price stood at $403 per ton in 2022, declining by -4.4% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, quartzite import price increased by +92.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 46% against the previous year. The import price peaked at $457 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,190 per ton), while the price for India totaled $308 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.7%).

Quartzite Exports in Pakistan

In 2022, after three years of growth, there was significant decline in overseas shipments of quartzite, when their volume decreased by -26.9% to 139 tons. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 266% against the previous year.

In value terms, quartzite exports contracted notably to $38K in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 302%. As a result, the exports attained the peak of $62K, and then declined dramatically in the following year.

Top Export Markets for Quartzite from Pakistan in 2022:

1. Tanzania (124.0 tons)
2. China (15.3 tons)

Quartzite Imports in Pakistan

In 2022, imports of quartzite into Pakistan fell dramatically to 50 tons, with a decrease of -40.5% against the year before. Over the period under review, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 425%. As a result, imports attained the peak of 84 tons, and then fell significantly in the following year.

In value terms, quartzite imports contracted rapidly to $20K in 2022. Overall, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 624% against the previous year. As a result, imports attained the peak of $35K, and then declined notably in the following year.

Top Suppliers of Quartzite to Pakistan in 2022:

1. India (11.2 tons)
2. China (3.6 tons)

Source: IndexBox Market Intelligence Platform