Pakistan"s petroleum market has experienced significant fluctuations in the trade of base oil, part of the broader spectrum of petroleum coke imports. In recent years, Pakistan has emerged as a crucial player in the West Asian petroleum sector, primarily driven by its growing demand for base oil, which is pivotal for industrial and automotive applications. An examination of the import data reveals notable trends in the trade volume and pricing of petroleum products, particularly petroleum coke, which serves as a proxy for base oil market dynamics. In 2024, Pakistan"s imports of petroleum coke surged to a volume of 227,186,000 kg, valued at approximately $26. 45 million. This marked a substantial increase from 2023, where imports stood at 58,013,000 kg, worth around $7. 8 million. The price per kilogram in 2024 was approximately $0.

116, indicating a slight increase from the $0. 134 per kilogram price point in 2023. The data from 2022 and 2021 further illustrates the volatility in the market. In 2022, Pakistan imported 447,213,000 kg of petroleum coke at a total value of $37. 6 million, with a price per kilogram of $0. 084. This was a decrease from 2021, where the import volume was 319,222,000 kg, valued at $42. 96 million, equating to a higher price of $0.

135 per kilogram. These fluctuations underscore the dynamic nature of Pakistan"s base oil market, influenced by global oil prices, local demand shifts, and geopolitical factors affecting West Asian trade routes. For businesses looking to explore trade opportunities with Pakistan, understanding these trends is crucial in navigating supplier relationships and market entry strategies. Aritral. com, an AI-driven B2B platform, offers extensive resources for businesses in the petroleum sector. It provides product listings, facilitates direct communication with suppliers, and offers global sales assistance. With AI-powered marketing and profile management, Aritral simplifies international trade in commodities like base oil, enhancing business reach and efficiency. "