Pakistan: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2022

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Pakistan

The Pakistani bedding and furnishing article market shrank to $X in 2021, waning by -14.9% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Bedding and furnishing article consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Pakistan

In value terms, bedding and furnishing article production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 20% against the previous year. Bedding and furnishing article production peaked at $X in 2020, and then reduced in the following year.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports from Pakistan

In 2021, approx. X tons of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) were exported from Pakistan; with an increase of 28% against the year before. Over the period under review, total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +91.1% against 2017 indices. The pace of growth appeared the most rapid in 2020 with an increase of 44% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, bedding and furnishing article exports surged to $X in 2021. Overall, exports showed a strong increase. The pace of growth was the most pronounced in 2020 when exports increased by 52%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X tons) was the main destination for bedding and furnishing article exports from Pakistan, accounting for a 42% share of total exports. Moreover, bedding and furnishing article exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+6.3% per year) and the United Arab Emirates (-3.4% per year).

In value terms, the United States ($X) remains the key foreign market for bedding and furnishing article exports from Pakistan, comprising 44% of total exports. The second position in the ranking was taken by the UK ($X), with a 13% share of total exports. It was followed by Romania, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+8.9% per year) and Romania (+273.0% per year).

Export Prices by Country

In 2021, the average bedding and furnishing article export price amounted to $X per ton, picking up by 9.8% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2017 when the average export price increased by 32%. The export price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per ton), while the average price for exports to the United Arab Emirates ($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 Romania (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports into Pakistan

In 2021, supplies from abroad of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) was finally on the rise to reach X tons after three years of decline. Over the period under review, imports saw buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, bedding and furnishing article imports surged to $X in 2021. In general, imports posted a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of bedding and furnishing article to Pakistan, with a 61% share of total imports. Moreover, bedding and furnishing article imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+12.2% per year) and Italy (+79.7% per year).

In value terms, China ($X) constituted the largest supplier of bedding and furnishing article to Pakistan, comprising 67% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 12% share of total imports. It was followed by Italy, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+13.2% per year) and Italy (+78.2% per year).

Import Prices by Country

The average bedding and furnishing article import price stood at $X per ton in 2021, increasing by 11% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform