Pakistan: Market for Base Metal Fittings For Loose-Leaf Binders Or Files 2024

Market Size for Base Metal Fittings For Loose-Leaf Binders Or Files in Pakistan

In 2022, the Pakistani loose-leaf binder metal fitting market increased by 993% to $X, rising for the second year in a row after five years of decline. Overall, consumption, however, recorded a deep reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Base Metal Fittings For Loose-Leaf Binders Or Files

Exports from Pakistan

For the fourth year in a row, Pakistan recorded decline in overseas shipments of base metal fittings for loose-leaf binders or files, which decreased by 0% to X kg in 2022. Over the period under review, exports recorded strong growth. The pace of growth appeared the most rapid in 2016 with an increase of 506% against the previous year. As a result, the exports attained the peak of X kg. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, loose-leaf binder metal fitting exports skyrocketed to $X in 2022. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 330% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for loose-leaf binder metal fitting exports from Pakistan, with a 92% share of total exports. Moreover, loose-leaf binder metal fitting exports to the United Arab Emirates exceeded the volume sent to the second major destination, Canada (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +15.2%.

In value terms, the United Arab Emirates ($X) and Canada ($X) constituted the largest markets for loose-leaf binder metal fitting exported from Pakistan worldwide.

In terms of the main countries of destination, Canada, with a CAGR of +87.5%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average loose-leaf binder metal fitting export price amounted to $X per ton, surging by 23% against the previous year. Overall, the export price showed a strong increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 137% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export 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 the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+41.2%).

Imports of Base Metal Fittings For Loose-Leaf Binders Or Files

Imports into Pakistan

In 2022, purchases abroad of base metal fittings for loose-leaf binders or files increased by 1,008% to X tons, rising for the second year in a row after five years of decline. Over the period under review, imports, however, recorded a abrupt decline. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, loose-leaf binder metal fitting imports surged to $X in 2022. In general, imports, however, continue to indicate a abrupt decline. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of loose-leaf binder metal fitting to Pakistan, with a 74% share of total imports. Moreover, loose-leaf binder metal fitting imports from the UK exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold. Hong Kong SAR (X tons) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at +27.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-24.8% per year) and Hong Kong SAR (-14.4% per year).

In value terms, the UK ($X) constituted the largest supplier of base metal fittings for loose-leaf binders or files to Pakistan, comprising 44% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by Hong Kong SAR, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to +18.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-22.0% per year) and Hong Kong SAR (-11.9% per year).

Import Prices by Country

The average loose-leaf binder metal fitting import price stood at $X per ton in 2022, which is down by -17.3% against the previous year. Over the period under review, the import price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 an increase of 12%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :