In 2024, Pakistan"s chemicals market, particularly in phosphoric acid, has shown significant activity. As a key player in West Asia, Pakistan imported approximately 791 million kilograms of phosphoric acid and polyphosphoric acids, valued at over $414 million. This trend underscores Pakistan"s growing demand for chemicals, driven by industrial applications and agricultural needs. The import volume for phosphoric acid suggests a robust market demand, which is likely influenced by its essential role in fertilizer production and other industrial uses. The average import price of phosphoric acid stands at roughly $0. 52 per kilogram, reflecting stable pricing in the global market and competitive procurement strategies by Pakistani importers. These import figures position Pakistan as a significant consumer of phosphoric acid in the region, presenting opportunities for international suppliers to explore trade partnerships. The substantial volume and value of imports highlight the potential for new entrants in the market, as well as the need for local businesses to enhance their supply chain efficiencies.

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