Hydrogen Chloride Market Overview in Pakistan
Market Overview
The Pakistani hydrogen chloride market reduced slightly to $
in 2019, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of
% against the previous year. Hydrogen chloride consumption peaked at $
in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.
In value terms, hydrogen chloride production reduced modestly to $
in 2019 estimated in export prices. The total output value increased at an average annual rate of +
% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when the production volume increased by
% year-to-year. Over the period under review, production reached the maximum level at $
in 2010; however, from 2011 to 2019, production failed to regain the momentum.



In value terms, hydrogen chloride production reduced modestly to $




Consumption
Hydrogen chloride consumption in Pakistan expanded modestly to
tonnes in 2019, growing by
% against the year before. Overall, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of
% y-o-y. Over the period under review, consumption reached the maximum volume at
tonnes in 2015; however, from 2016 to 2019, consumption failed to regain the momentum.
The revenue of the hydrogen chloride market in Pakistan dropped modestly to $
in 2019, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of
% against the previous year. Over the period under review, the market reached the maximum level at $
in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.




The revenue of the hydrogen chloride market in Pakistan dropped modestly to $



Market Forecast
Driven by increasing demand for hydrogen chloride in Pakistan, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +
% for the period from 2019 to
, which is projected to bring the market volume to
tonnes by the end of
.




Market Structure
Over the period under review, imports of hydrogen chloride in Pakistan were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for hydrogen chloride.
Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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