Pakistan: Plaster Article Market 2024

Plaster Article Market Size in Pakistan

In 2021, after two years of growth, there was significant decline in the Pakistani plaster article market, when its value decreased by -22.6% to $X. Overall, consumption recorded a slight curtailment. Plaster article consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Plaster Article Production in Pakistan

In value terms, plaster article production dropped dramatically to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 84% against the previous year. Plaster article production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Plaster Article Exports

Exports from Pakistan

After two years of decline, shipments abroad of articles of plaster or of compositions based on plaster increased by 151% to X tons in 2021. Overall, exports, however, continue to indicate a abrupt slump. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, plaster article exports soared to $X in 2021. In general, exports, however, saw a abrupt descent. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Sri Lanka (X tons) was the main destination for plaster article exports from Pakistan, with a 59% share of total exports. Moreover, plaster article exports to Sri Lanka exceeded the volume sent to the second major destination, Afghanistan (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sri Lanka amounted to -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (-21.0% per year) and the United Arab Emirates (+128.8% per year).

In value terms, Sri Lanka ($X), Afghanistan ($X) and the United Arab Emirates ($X) appeared to be the largest markets for plaster article exported from Pakistan worldwide, together accounting for 96% of total exports.

The United Arab Emirates, with a CAGR of +91.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average plaster article export price amounted to $X per ton, dropping by -13.1% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 18%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Afghanistan ($X per ton), while the average price for exports to Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.

Plaster Article Imports

Imports into Pakistan

In 2021, imports of articles of plaster or of compositions based on plaster into Pakistan fell to X tons, reducing by -14.3% compared with the previous year's figure. Overall, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 65%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, plaster article imports dropped to $X in 2021. In general, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2017 with an increase of 56% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest plaster article supplier to Pakistan, accounting for a 61% share of total imports. Moreover, plaster article imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by Oman (X tons), with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand totaled +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.8% per year) and Oman (+2,907.1% per year).

In value terms, Thailand ($X) constituted the largest supplier of plaster article to Pakistan, comprising 57% of total imports. The second position in the ranking was taken by China ($X), with a 21% share of total imports. It was followed by the United Arab Emirates, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value from Thailand amounted to +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.8% per year) and the United Arab Emirates (+24.2% per year).

Import Prices by Country

In 2021, the average plaster article import price amounted to $X per ton, increasing by 5.8% against the previous year. In general, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, plaster article import price increased by +20.4% against 2019 indices. The growth pace was the most rapid in 2015 an increase of 45% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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