Sulphuric Acid Market Overview in Pakistan
In value terms, sulphuric acid production skyrocketed to $ in 2019 estimated in export prices. Over the period under review, the total production indicated a prominent expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.
The value of the sulphuric acid market in Pakistan totaled $ in 2019, picking up by % against 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). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 with an increase of % year-to-year. Over the period under review, the market hit record highs at $ in 2012; however, from 2013 to 2019, consumption remained at a lower figure.