Pakistan: Market for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced 2024

Market Size for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in Pakistan

The Pakistani market for boards, sheets, panels, tiles and similar articles of plaster not faced soared to $X in 2021, with an increase of 28% against the previous year. Over the period under review, consumption saw a moderate increase. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in Pakistan

In value terms, production of boards, sheets, panels, tiles and similar articles of plaster not faced skyrocketed to $X in 2021 estimated in export price. Overall, production continues to indicate a tangible expansion. The pace of growth appeared the most rapid in 2017 with an increase of 41%. Production of peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Exports from Pakistan

In 2021, exports of boards, sheets, panels, tiles and similar articles of plaster not faced from Pakistan surged to X square meters, with an increase of 576% compared with the previous year. Over the period under review, exports, however, saw a precipitous contraction. Over the period under review, the exports of reached the maximum at X square meters in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, exports of boards, sheets, panels, tiles and similar articles of plaster not faced soared to $X in 2021. In general, exports, however, recorded a precipitous shrinkage. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X square meters) was the main destination for exports of boards, sheets, panels, tiles and similar articles of plaster not faced from Pakistan, accounting for a 67% share of total exports. Moreover, exports of boards, sheets, panels, tiles and similar articles of plaster not faced to the United Arab Emirates exceeded the volume sent to the second major destination, Afghanistan (X square meters), threefold.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to +295.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (-31.6% per year) and Saudi Arabia (+26.7% per year).

In value terms, the United Arab Emirates ($X), Afghanistan ($X) and Saudi Arabia ($X) constituted the largest markets for board, sheet, panel, tile and similar article of plaster not faced exported from Pakistan worldwide.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +215.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for boards, sheets, panels, tiles and similar articles of plaster not faced amounted to $X per square meter, increasing by 11% against the previous year. Overall, the export price, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2017 an increase of 15%. Over the period under review, the average export prices hit record highs at $X per square meter in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Afghanistan ($X per square meter), while the average price for exports to the United Arab Emirates ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+1.7%), while the prices for the other major destinations experienced a decline.

Imports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Imports into Pakistan

In 2021, approx. X square meters of boards, sheets, panels, tiles and similar articles of plaster not faced were imported into Pakistan; with an increase of 308% against the previous year's figure. In general, imports, however, recorded a abrupt downturn. Over the period under review, imports of reached the peak figure at X square meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of boards, sheets, panels, tiles and similar articles of plaster not faced soared to $X in 2021. Over the period under review, imports, however, showed a noticeable reduction. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X square meters) constituted the largest supplier of board, sheet, panel, tile and similar article of plaster not faced to Pakistan, accounting for a 80% share of total imports. Moreover, imports of boards, sheets, panels, tiles and similar articles of plaster not faced from China exceeded the figures recorded by the second-largest supplier, Germany (X square meters), fivefold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.1% per year) and the United States (-4.6% per year).

In value terms, China ($X) constituted the largest supplier of boards, sheets, panels, tiles and similar articles of plaster not faced to Pakistan, comprising 76% of total imports. The second position in the ranking was held by Germany ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.2% per year) and the United States (+0.4% per year).

Import Prices by Country

In 2021, the average import price for boards, sheets, panels, tiles and similar articles of plaster not faced amounted to $X per square meter, growing by 15% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine years. 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 not faced increased by +39.4% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 35% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for China ($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 China (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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