Pig Iron Market Overview in Pakistan
In value terms, pig iron production dropped to $ in 2019 estimated in export prices. Over the period under review, production showed a abrupt decrease. The pace of growth was the most pronounced in 2015 when the production volume increased by % year-to-year. Pig iron production peaked at $ in 2008; however, from 2009 to 2019, production remained at a lower figure.
The size of the pig iron market in Pakistan reduced to $ in 2019, dropping 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 saw a abrupt downturn. The pace of growth was the most pronounced in 2015 when the market value increased by % against the previous year. Pig iron consumption peaked at $ in 2008; however, from 2009 to 2019, consumption remained at a lower figure.