Cerium Compounds Price in Pakistan - 2023
Contents:
Cerium Compounds Price in Pakistan (CIF) - 2022
In 2022, the average cerium compounds import price amounted to $2,067,235 per ton, declining by -9.1% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 77% against the previous year. Over the period under review, average import prices hit record highs at $3,676,905 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($3,444,750 per ton), while the price for China stood at $1,883,567 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+30.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Cerium Compounds Imports in Pakistan
In 2022, overseas purchases of cerium compoundses decreased by -8.1% to 34 kg, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +8.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -26.1% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 70%. As a result, imports reached the peak of 46 kg. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, cerium compounds imports fell markedly to $70K in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 21%. As a result, imports reached the peak of $86K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Cerium Compounds in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 56.7 | 69.9 | 66.5 | 56.5 | -0.1% |
| Germany | 0.1 | 15.2 | 16.2 | 13.8 | 416.8% |
| Spain | N/A | N/A | 0.6 | N/A | 0% |
| United Kingdom | 14.0 | N/A | 0.3 | N/A | -85.4% |
| United Arab Emirates | N/A | 0.5 | N/A | N/A | 0% |
| Others | 0.3 | 0.5 | 0.5 | N/A | 29.1% |
| Total | 71.1 | 86.0 | 84.1 | 70.3 | -0.4% |
Top Suppliers of Cerium Compounds to Pakistan in 2022:
- China (30.0 kg)
- Germany (4.0 kg)
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