Pakistan: Market for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper 2024

Market Size for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper in Pakistan

The Pakistani market for boards, sheets, panels, tiles and similar articles of plaster faced with paper contracted to $X in 2021, with a decrease of -8.9% against the previous year. In general, consumption saw a pronounced descent. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper in Pakistan

In value terms, production of boards, sheets, panels, tiles and similar articles of plaster faced with paper shrank to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a pronounced reduction. The growth pace was the most rapid in 2020 when the production volume increased by 20% against the previous year. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper

Exports from Pakistan

In 2021, shipments abroad of boards, sheets, panels, tiles and similar articles of plaster faced with paper was finally on the rise to reach X square meters for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a abrupt shrinkage. Over the period under review, the exports of attained the maximum at X square meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of boards, sheets, panels, tiles and similar articles of plaster faced with paper skyrocketed to $X in 2021. Over the period under review, exports, however, showed a deep downturn. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Sri Lanka (X square meters) was the main destination for exports of boards, sheets, panels, tiles and similar articles of plaster faced with paper from Pakistan, accounting for a 75% share of total exports. Moreover, exports of boards, sheets, panels, tiles and similar articles of plaster faced with paper to Sri Lanka exceeded the volume sent to the second major destination, Afghanistan (X square meters), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sri Lanka stood at +9.1%.

In value terms, Sri Lanka ($X) and Afghanistan ($X) were the largest markets for board, sheet, panel and tile faced with paper exported from Pakistan worldwide.

Sri Lanka, with a CAGR of +5.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average export price for boards, sheets, panels, tiles and similar articles of plaster faced with paper amounted to $X per square meter, reducing by -22.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2020 an increase of 30% against the previous year. As a result, the export price attained the peak level of $X per square meter, and then shrank markedly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Afghanistan ($X per square meter), while the average price for exports to Sri Lanka stood at $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper

Imports into Pakistan

In 2021, imports of boards, sheets, panels, tiles and similar articles of plaster faced with paper into Pakistan dropped remarkably to X square meters, shrinking by -27% against 2020 figures. Over the period under review, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2013 with an increase of 200%. Over the period under review, imports of hit record highs at X square meters in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of boards, sheets, panels, tiles and similar articles of plaster faced with paper contracted significantly to $X in 2021. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 246% against the previous year. Over the period under review, imports of reached the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X square meters) constituted the largest board, sheet, panel and tile faced with paper supplier to Pakistan, with a 75% share of total imports. Moreover, imports of boards, sheets, panels, tiles and similar articles of plaster faced with paper from Thailand exceeded the figures recorded by the second-largest supplier, Oman (X square meters), sixfold. The United Arab Emirates (X square meters) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand stood at +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+2,907.2% per year) and the United Arab Emirates (+59.3% per year).

In value terms, Thailand ($X) constituted the largest supplier of boards, sheets, panels, tiles and similar articles of plaster faced with paper to Pakistan, comprising 75% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 8% share of total imports. It was followed by Oman, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand stood at +24.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+51.9% per year) and Oman (+3,445.8% per year).

Import Prices by Country

The average import price for boards, sheets, panels, tiles and similar articles of plaster faced with paper stood at $X per square meter in 2021, with a decrease of -1.8% against the previous year. In general, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for boards, sheets, panels, tiles and similar articles of plaster faced with paper increased by +20.3% against 2019 indices. The pace of growth was the most pronounced in 2015 an increase of 47% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2016 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per square meter), while the price for Oman ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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