Pakistan: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Pakistan

The Pakistani articles of fiber cement market reduced slightly to $X in 2022, waning by -4.6% against the previous year. Over the period under review, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.6% against 2020 indices. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Pakistan

In value terms, articles of fiber cement production fell slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 45%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from Pakistan

In 2022, approx. X tons of articles of asbestos-cement, cellulose fiber-cement or the like were exported from Pakistan; dropping by -41.9% against 2021. Over the period under review, exports recorded a dramatic decline. The pace of growth appeared the most rapid in 2014 with an increase of 420%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, articles of fiber cement exports reduced markedly to $X in 2022. Overall, exports showed a precipitous slump. The pace of growth was the most pronounced in 2014 with an increase of 518% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Qatar (X kg), Afghanistan (X kg) and Canada (X kg) were the main destinations of articles of fiber cement exports from Pakistan, with a combined 92% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +28.9%), while the other leaders experienced a decline.

In value terms, Canada ($X) remains the key foreign market for articles of asbestos-cement, cellulose fiber-cement or the like exports from Pakistan, comprising 75% of total exports. The second position in the ranking was taken by Qatar ($X), with a 20% share of total exports. It was followed by Saudi Arabia, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada amounted to -8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+28.2% per year) and Saudi Arabia (-23.7% per year).

Export Prices by Country

In 2022, the average articles of fiber cement export price amounted to $X per ton, shrinking by -1.7% against the previous year. Over the period under review, the export price, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 an increase of 734%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into Pakistan

In 2022, purchases abroad of articles of asbestos-cement, cellulose fiber-cement or the like decreased by -50.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 195%. Over the period under review, imports attained the peak figure at X tons in 2021, and then dropped sharply in the following year.

In value terms, articles of fiber cement imports dropped notably to $X in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2013 when imports increased by 280%. Over the period under review, imports attained the maximum at $X in 2021, and then dropped sharply in the following year.

Imports by Country

In 2022, Sri Lanka (X tons) constituted the largest supplier of articles of fiber cement to Pakistan, accounting for a 68% share of total imports. Moreover, articles of fiber cement imports from Sri Lanka exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. Vietnam (X tons) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sri Lanka totaled +250.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+24.8% per year) and Vietnam (+19.7% per year).

In value terms, Sri Lanka ($X) constituted the largest supplier of articles of asbestos-cement, cellulose fiber-cement or the like to Pakistan, comprising 66% of total imports. The second position in the ranking was taken by Thailand ($X), with an 11% share of total imports. It was followed by Vietnam, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value from Sri Lanka amounted to +252.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+13.5% per year) and Vietnam (+26.8% per year).

Import Prices by Country

In 2022, the average articles of fiber cement import price amounted to $X per ton, jumping by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2013 an increase of 29%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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