Pakistan: Market for Wood Boxes, Crates and Cable Drums 2024

Market Size for Wood Boxes, Crates and Cable Drums in Pakistan

The Pakistani market for wood boxes, crates and cable drums rose rapidly to $X in 2022, picking up by 11% against the previous year. Overall, consumption saw a measured expansion. Wood box and cable drum consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Wood Boxes, Crates and Cable Drums in Pakistan

In value terms, wood box and cable drum production reached $X in 2022 estimated in export price. Over the period under review, production recorded a tangible expansion. The most prominent rate of growth was recorded in 2017 with an increase of 74% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Wood Boxes, Crates and Cable Drums

Exports from Pakistan

For the third consecutive year, Pakistan recorded decline in shipments abroad of wood boxes, crates and cable drums, which decreased by -17.5% to X units in 2022. Over the period under review, exports showed a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of 655% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, wood box and cable drum exports reduced notably to $X in 2022. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2013 when exports increased by 564%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for wood box and cable drum exports from Pakistan, with a 72% share of total exports. Moreover, wood box and cable drum exports to the United States exceeded the volume sent to the second major destination, Afghanistan (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled -9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (-20.6% per year) and the UK (-3.6% per year).

In value terms, the United States ($X) remains the key foreign market for wood boxes, crates and cable drums exports from Pakistan, comprising 76% of total exports. The second position in the ranking was held by Afghanistan ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (-18.6% per year) and the UK (+2.7% per year).

Export Prices by Country

The average export price for wood boxes, crates and cable drums stood at $X per unit in 2022, declining by -3.5% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 an increase of 83%. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then dropped slightly in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Afghanistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Boxes, Crates and Cable Drums

Imports into Pakistan

In 2022, purchases abroad of wood boxes, crates and cable drums decreased by -16.3% to X units, falling for the third year in a row after four years of growth. In general, imports showed a pronounced descent. The most prominent rate of growth was recorded in 2014 with an increase of 1,454%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, wood box and cable drum imports skyrocketed to $X in 2022. Over the period under review, imports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 1,528%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Italy (X units) and Germany (X units) were the main suppliers of wood box and cable drum imports to Pakistan, with a combined 72% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +31.5%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), Italy ($X) and Germany ($X) appeared to be the largest wood box and cable drum suppliers to Pakistan, with a combined 21% share of total imports.

Italy, with a CAGR of +39.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for wood boxes, crates and cable drums amounted to $X per unit, rising by 241% against the previous year. Overall, the import price showed a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($X per unit) and China ($X per unit), while the price for Swaziland ($X per unit) and Switzerland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Swaziland (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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