Updated Feb 20, 2023 19:46

Heterocyclic Compound Market in Pakistan

Market Overview
In , the Pakistani heterocyclic compound market decreased by -% to $, falling for the second year in a row after three years of growth. Over the period under review, consumption continues to indicate a abrupt descent. Heterocyclic compound consumption peaked at $ in ; however, from to , consumption stood at a somewhat lower figure.


Consumption
In , consumption of heterocyclic compounds decreased by -% to tons, falling for the third consecutive year after two years of growth. Over the period under review, consumption continues to indicate a deep setback. Heterocyclic compound consumption peaked at tons in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.

The value of the heterocyclic compound market in Pakistan dropped remarkably to $ in , waning 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). In general, consumption showed a deep setback. Over the period under review, the market attained the maximum level at $ in ; however, from to , consumption remained at a lower figure.


Market Forecast
Depressed by shrinking demand for heterocyclic compound in Pakistan, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Heterocyclic compound market in Pakistan consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.


Trade Balance
Pakistan remains a net importer of heterocyclic compound; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.